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Supervalu CEO's 2009 Pay Package Valued At $4.1M

Stock quotes in this article: SVU  

SARAH SKIDMORE

PORTLAND, Ore. (AP) — Supervalu Inc. Chairman and Chief Executive Jeffrey Noddle received compensation valued at $4.1 million in fiscal 2009, down 22 percent from a year earlier, as he failed to earn a performance-based bonus.

Meanwhile, the value of his salary, stock options and other perks grew, according to an Associated Press analysis of a regulatory filing.

Noddle, 62, is a more than 30-year veteran at Eden Prarie, Minn.-based Supervalu and has served as its CEO since 2001. Supervalu recently announced that it has appointed Wal-Mart executive Craig Herkert as its new CEO but has not set a start date for Herkert to take over as Noddle moves into retirement. ...

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