Business

Oreo maker gives CEO stock valued at $10m

NEW YORK — The company that makes Oreo cookies is sweetening the pay for its CEO with a special stock award valued at $10 million.

Mondelez International Inc. said Friday in a regulatory filing that the award recognizes Irene Rosenfeld for ‘‘top-tier performance’’ and ‘‘transformational’’ moves, such as the recent spinoff of its Kraft Foods grocery business.

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Mondelez, which also makes Cadbury chocolates, Chips Ahoy cookies, and Trident gum, said the pay is also intended to give her incentive to continue delivering strong results.

It includes restricted stock that will vest after three years and restricted stock based on the company’s performance.

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Rosenfeld, who took over as CEO in 2006, received a pay package worth $15.7 million as CEO of Kraft Foods Inc. last year, according to an Associated Press calculation.

Associated Press

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