Kraft’s Cahill Due $19.9 Million Parachute From 5 Months as CEO

John Cahill, who agreed to sell Kraft Foods Group Inc. to H.J. Heinz after just a few months as chief executive officer of the macaroni-and-cheese maker, is entitled to a $19.9 million golden parachute.

The payment would include more than $9 million in cash and about $10.6 million in equity, according to a filing Monday tied to the deal. Cahill joined Kraft in 2012 from private equity firm Ripplewood Holdings and became chairman of the Northfield, Illinois-based foodmaker as it separated from Mondelez International Inc. He became CEO in December.