lohud.com

Sponsored by:

Business in the Burbs

Movers, shakers and newsmakers

ITT CFO to make $875,000 minimum in salary, bonus

July
3

Denise L. Ramos, who officially took over Sunday as the new chief financial officer of ITT Corp. of Harrison, will receive a $500,000 salary and a minimum bonus for 2007 of $375,000.

ITT, a diversified global manufacturer and defense contractor, outlined the compensation package in a filing with the Securities and Exchange Commission. Ramos also will receive a restricted stock award valued at $200,000 and qualify for a long-term incentive award of cash and stock valued at $1.1 million. She also will receive a monthly automobile stipend of $1,300.

Ramos formerly was CFO at Furniture Brands International. She succeeds George E. Minnich as CFO at ITT. Among other compensation, Minnich received a salary of $477,000 for 2006, a stock award valued at $808,000, and options valued at $305,000.

This entry was posted on Tuesday, July 3rd, 2007 at 6:02 pm by Jerry Gleeson. You can follow any responses to this entry through the RSS 2.0 feed.
Category: Ka-ching!

Print Print | Email Email

Advertisement

Leave a Reply

Advertisement
About this blog
Business in the Burbs is our online news blog about businesses based or operating in the Lower Hudson Valley. Visitors here will also find items of interest to consumers in the region. Most contributions are from business reporters and editors covering Westchester, Rockland and Putnam counties.

Subscribe

Get blog updates via email:




About the Authors

Categories

Other recent entries




Links

Recently Updated LoHud Blogs
Monthly Archives



Bad Behavior has blocked 362 access attempts in the last 7 days.