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