Icahn Enterprises Reappoints CFO with Incentive-Based Package

An announcement from Icahn Enterprises ( (IEP) ) is now available.

Ted Papapostolou has been reappointed as Chief Financial Officer of Icahn Enterprises until June 30, 2028, with a potential extension where his pay will be decided by the board. His package includes a $2.2 million annualized salary draw against a NAV Incentive, a prorated bonus, and eligibility for all executive benefits. The NAV Incentive, which could reach up to $17,075,616, is based on the company’s adjusted net asset value growth and is subject to certain terms and conditions. Papapostolou can also retain earnings from any company board positions he holds at the behest of Icahn Enterprises.

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