Kraft CEO's 2009 compensation at $26 million, up 41 percent

 @ibtimes
on March 30 2010 7:32 AM

Kraft Foods Inc , the largest North American food maker, 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.

(Reporting by Suzannah Benjamin in Bangalore; Editing by Unnikrishnan Nair)

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