Elevance Health’s 5 highest-paid executives | 2025

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Elevance Health CEO Gail Boudreaux earned $20.5 million in total compensation in 2024. 

The company disclosed compensation data for its highest-paid executives in its annual report, published March 28. 

Ms. Boudreaux earned less than she did in 2023 and 2022. In 2023, Ms. Boudreaux was paid $21.9 million in total compensation. 

Here’s what Elevance Health’s executives earned in 2024: 

Gail Boudreaux, president and CEO 

Salary: $1,600,000

Stock awards: $12,600,032

Option awards: $4,199,989

Non-equity incentive plan: $1,142,400

Other compensation: $929,555

Total compensation: $20,471,976 

Mark Kaye, executive vice president and CFO 

Salary: $900,000

Stock awards: $4,125,144

Option awards: $1,374,953

Non-equity incentive plan: $385,560

Other compensation: $87,487

Total compensation: $6,873,144 

Peter Haytaian, executive vice president and president of Carelon and CarelonRx 

Salary: $950,000 

Stock awards: $3,600,081

Option awards: $1,199,997

Non-equity incentive plan: $406,980

Other compensation: $188,069

Total compensation: $6,345,127 

Felicia Norwood, executive vice president and president of government health benefits 

Salary: $950,000 

Stock awards: $3,600,081 

Option awards: $1,199,997 

Non-equity incentive plan: $406,980 

Other compensation: $131,888

Total compensation: $6,288,946 

Morgan Kendrick, executive vice president and president of commercial and specialty health benefits 

Salary: $850,000 

Stock awards: $3,225,249

Option awards: $1,074,825 

Non-equity incentive plan: $510,000

Other compensation: $133,400

Total compensation: $5,793,474

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