Henry Schein reported double-digit pay increases for top executives and a slight increase for its median employee in the company’s latest pay disclosure.
Henry Schein is the world’s 13th-largest medical device company, according to our 2024 Medtech Big 100 ranking by revenue. That ranking was based on the company’s 2023 revenue of $12.3 billion. Henry Schein reported revenue of $12.7 billion in fiscal 2024 (ended Dec. 28, 2024).
Recruiting and retaining top talent — both at the executive and engineering level — is crucial in the medtech industry, but employee compensation is kept secret in most cases. Medical Design & Outsourcing tracks and analyzes these pay figures when disclosed by major device developers and manufacturers.
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Henry Schein executive pay
Henry Schein Chair and CEO Stan Bergman [Photo courtesy of Henry Schein]
Bergman also received other compensation totaling $371,141, including $157,457 for administrative services, $95,252 for supplemental executive retirement plan contribution, $73,925 worth of personal commuting expenses through the company’s car service and $19,776 in excess life insurance premiums.
Bergman’s total compensation increased 16% from $10 million the year before.
The second-highest-paid Henry Schein executive in 2024 was EVP and Chief Strategic Officer Mark Mlotek at $3.6 million, including a $736,250 salary, $2 million in stock awards, and a $768,489 performance incentive payout. Mlotek also received other compensation totaling $70,671. His total compensation increased 11% from $3.2 million the year before.
The third-highest-paid Henry Schein executive in 2024 was EVP and Chief Operating Officer Michael Ettinger at $3.5 million, including a $731,850 salary, $2 million in stock awards, and a $669,575 performance incentive payout. Ettinger also received other compensation totaling $67,295. His total compensation increased 17% from $3 million the year before.
The fourth-highest-paid Henry Schein executive in 2024 was former President James Breslawski at $3 million, including a $901,750 salary, $1.3 million in stock awards, and a $732,721 performance incentive payout. Breslawski also received other compensation totaling $83,282. His total compensation increased 13% from $2.7 million the year before.
Breslawski served as president from 2005 to April 1, 2025, at which time he became a senior advisor.
Henry Schein SVP and CFO Ron South earned $2.7 million in 2024, including a $627,950 salary, $1.5 million in stock awards, and a $517,540 performance incentive payout. South also received other compensation totaling $53,700. His total compensation increased 15% from $2.4 million the year before.
South’s inclusion in the disclosure does not necessarily mean he was the fifth-highest-paid executive at the company. As the company’s principal financial officer, his pay package is required to be disclosed in the filing.
Henry Schein said its executive compensation program is meant to “attract and retain the caliber of officers needed to ensure the company’s continued growth and profitability, and to reward them for their performance, the company’s performance and for creating long-term value for stockholders,” the company said in the filing.
“The primary objectives of the program are to: align rewards with the achievement of performance that enhances stockholder value; align rewards with the achievement of the company’s strategic plan; support the company’s strong team-based orientation; encourage high-potential team players to build a career at the company; and provide rewards that are cost-efficient, competitive with other organizations and fair to employees and stockholders,” the company continued.
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Henry Schein median worker pay and CEO pay ratio
The U.S. Securities and Exchange Commission requires publicly traded companies to calculate the gap between CEO compensation and pay for its median employee.
Henry Schein calculated its median employee wage at $76,751 for 2024, up 1% from $76,005 the year before. (The company’s analysis excluded nearly 1,000 employees from Chile, China, Italy, Mexico, Portugal, South Africa, Spain and Thailand.)
The latest median employee pay figure put Henry Schein’s CEO pay at 152 times more than its median employee’s pay. That pay gap widened from 132:1 the year before.
At other medtech companies that offer more details about their median workers than required by the SEC pay disclosure rules, those median medtech workers often hold technical roles such as device design or engineering.
Henry Schein investors will cast advisory “say-on-pay” votes on the company’s executive compensation practices at the May 22 annual meeting. Shareholders overwhelmingly voted in support of the company’s executive pay last year, following pushback in 2022.
More medtech compensation analysis for CEOs, top-paid executives and median workers
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