An update from Ingredion (INGR) is now available.
Ingredion Incorporated’s People, Culture and Compensation Committee has set in motion two new executive pay plans effective July 23, 2024, aiming to streamline severance packages for top executives including the CEO and CFO. These plans outline clear severance pay and health benefits for executives terminated without cause or for resignations with good reason, with the CEO receiving double and the CFO one and a half times their annual salary and target bonus. Additionally, in the event of a company change in control, a lump sum severance might be triggered, further enhancing the financial safety net for these key players in the corporate hierarchy.
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