Yamini Rangan, CEO of HubSpot, was reportedly paid a total of $25.9m in 2023, making her one of the highest-paid female CEOs in the world.
This marks a 120 percent increase on the $11.8m that she received in 2022, highlighting the success that the CRM stalwart has enjoyed in recent times.
The figures – released in the firm’s proxy statement last week – reveal that the bulk of Rangan’s remuneration came from shares, with the CEO receiving approximately $22m in stock awards.
The statement also confirmed that in 2023, Rangan had voluntarily elected to receive a base salary of just $1, as well as refusing any cash bonus payments under the company’s Bonus Plan.
The numbers being reported mean that Rangan received 149 times more than the average HubSpot employee salary of $173,000.
In a list of the highest-paid women CEOs in the world compiled by CEO World Magazine roughly a month before HubSpot’s proxy statement, Rangan’s reported earnings would position her in fifth place – behind the likes of Accenture’s Julie Sweet and Mary Barra of General Motors.
Yamini Rangan's earnings make her the fifth highest-paid woman CEO in the world.
For comparison, Eric Wu of OpenDoor Technologies is fifth on a list of the highest-paid male CEOs, earning $388m per year.
Is Yamini Rangan Responsible for a HubSpot Renaissance?
Having taken over as CEO from Brian Halligan in 2021, Rangan had previously worked as the company’s Chief Customer Officer – a role she also held at Dropbox prior to joining HubSpot.
The details of Rangan’s salary increase follows the news from February this year that Hubspot had seen a 58 percent increase in share prices compared to the previous 12 months, with the company also announcing that it had surpassed 100,000 paying customers and hit $1 billion in annual recurring revenue – two significant milestones for Rangan’s tenure.
Now, having overseen a successful 2023, Rangan – like the majority of her contemporaries – appears to be focusing on the CX sector’s most popular topic for 2024: generative AI (GenAI).
