SALT LAKE CITY (AP) - A new survey finds the top-paid CEO in Utah made $10.3 million last year as the head of Nu Skin Enterprises, Inc.
The report released Thursday by The Associated Press found that Nu Skin’s Truman Hunt was the highest-compensated CEO in the state for 2016.
The AP and executive data firm Equilar calculated top CEO pay by state using salary, bonuses, benefits and other components.
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The Provo-based multilevel marketing company that sells skin-care products and nutritional supplements reported $2.21 billion in revenue for 2016. Hunt stepped down in March to become a mission president in San Jose, California for The Church of Jesus Christ of Latter-day Saints.
Nu Skin has been expanding abroad after settling 1990s-era investigations into claims made about money earned by its distributors and efficacy of some products.
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