Supervalu CEO Makes $9.3M in 2008

Minneapolis Supervalu Inc. CEO Jeff Noddle took in $9.3 million in total compensation for 2008, down from $11.9 million in 2007.

In a proxy statement filed with the SEC on Friday, Supervalu reported that Noddle made $1.1 million in salary for 2008, down slightly from $1 million in 2007.

He also received $2.5 million in stock awards for 2008, $2.7 million in options awards and $1.3 million through a cash incentive plan.

In 2007, he got $2.1 million in stock awards and $5 million in options, plus $1.5 million in incentive pay.

Last year the company earned $593 million, up 31% from $452 million in the previous year. For 2008, the company reported revenue of $44 billion, up 18% compared to $37.4 billion in 2007.