Former Amphenol CEO Got 2008 Pay Valued At $2.2M

BARBARA ORTUTAY

NEW YORK (AP) — The former chief executive of Amphenol Corp., which makes electronic and fiber optic connectors and cables, received compensation valued at $2.2 million in 2008, a 65 percent decline from a year earlier, according to an Associated Press analysis of figures disclosed in a regulatory filing.

Martin H. Loeffler stepped down from his CEO post on Jan. 1 and is now executive chairman. He was replaced by R. Adam Norwitt, who had already been serving as the company's president and chief operating officer.

According to a proxy statement the company filed with the Securities and Exchange Commission Monday, Loeffler received a base salary of $1.1 million last year, a 3 percent increase from 2007. ...