St. Louis, MO, December 22, 2006--Solutia Inc. will seek bankruptcy court approval of a raise for Chief Executive Jeffry Quinn, according to a regulatory filing Wednesday, according ot the St. Louis Post-Dispatch.
The filing did not disclose the amount being sought for Quinn, who also is president and chairman of the Town and Country-based company. Quinn, who received $1.9 million in base pay and bonus in 2006, declined a pay raise this year.
Solutia also said it will boost the pay of four senior vice presidents, effective January 1: James Sullivan, chief financial officer and treasurer, up 15 percent to $412,500; Luc De Temmerman, president of the performance products division, up 16 percent to $405,000; Jonathon Wright, president of the integrated nylon division, up 8 percent to $405,000; and James Voss, head of business operations, up 10 percent to $351,000.
