Van de Put could ‘make more than $55M in his first year’ as new CEO of Mondelez – report

The Chicago Tribune reports that Dirk Van de Put, currently the CEO of McCain Foods and recently appointed the new CEO of Oreo-cookie parent Mondelez International, could make more than $55 million total in his first year on the new job, according to the offer letter filed Wednesday with the Securities and Exchange Commission. Van de Put, who will replace longtime CEO Irene Rosenfeld in November, will make a base annual salary of $1.45 million but his total annual compensation — a mix of base salary, stock and option awards, incentive rewards and pension value — could range up to more than $17 million, according to the compensation package terms outlined in the offer letter from the Deerfield-based company. In addition to that, Van de Put also will receive a one-time “make whole” award that’s worth up to $38 million. Read the Chicago Tribune report