Envista Holdings Corp (NVST) just unveiled an update.
Envista Holdings Corporation’s CEO, Amir Aghdaei, is preparing to leave his role, with a transition plan already in place. His departure and board membership will be immediate once a new CEO is appointed or at an earlier termination. During the transition, Aghdaei will maintain his salary and benefits but is ineligible for severance. Should he stay until 2026 without a successor, the agreement lapses. If he leaves earlier or is terminated without cause, he may receive bonuses and salary continuance based on performance. Aghdaei is also set to receive a $5.5M equity award for 2024 and has agreed to provide consulting services post-transition for a $1.5M fee. His exit and consulting roles come with a caveat: he must adhere to the company’s release of claims and restrictive covenants.
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