American Vanguard (AVD) has provided an announcement.
American Vanguard Corporation’s CEO, Eric Wintemute, has announced his retirement with a Transition Agreement outlining his continued service until a successor is appointed or by the end of 2024. His retirement benefits include a sizeable cash payout, potential bonuses, health coverage, and consulting duties. Wintemute will also remain Chairman until the 2025 Annual Meeting and his unvested equity will accelerate. The company formally communicated these details in a recent press release.
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