Processing Magazine

Kraft CEO''s 2009 Compensation up 41 Percent to $26 Million

March 31, 2010

According to Reuters, Kraft Foods Inc. paid Chief Executive Irene Rosenfeld $26.3 million in total compensation last year, 41 percent more than what she received in 2008, a regulatory filing showed. Rosenfeld received about $1.5 million in salary, $7.8 million in stock awards, about $1.9 million in option awards and about $4 million in annual incentive awards. She also received $10.6 million in a non-equity incentive plan, the company said in a filing with the U.S. Securities and Exchange Commission. In 2008, the CEO''s total compensation was valued at $18.7 million. Under Rosenfeld''s leadership, Kraft reached a deal to buy Cadbury last month after a prolonged battle, creating the world''s largest confectioner. The company''s compensation committee determined Rosenfeld''s annual incentive for 2009 taking into consideration her leadership in the combination of the two companies.