Rashida La Lande, a long-serving General Counsel at Kraft Heinz, has been promoted to the position of Chief Legal and Corporate Affairs Officer, according to company disclosures made in a recent proxy statement.
This news develops amidst revelations that La Lande’s compensation decreased by 22% in the past year, primarily due to a reduction in her stock award. She acquired $3 million worth of stock in 2023, a noticeable drop from the previous year’s $4.3 million. Consequently, her total compensation for the year was $5.2 million, down from almost $6.4 million in 2022.
La Lande has been fundamental in crafting Kraft Heinz’s ESG objectives, which include a prominent goal announced last July: to cut global usage of virgin plastic by 30% by the year 2030.
For further details about Rashida La Lande’s promotion and the implications for Kraft Heinz, the corporate counsel report can be consulted.