The latest announcement is out from FMC (FMC).
FMC Corporation has undergone a leadership transformation with Pierre R. Brondeau taking over as the new CEO while retaining his Chairman role, succeeding Mark A. Douglas, who has resigned from his executive positions and the Board. Concurrently, Ronaldo Pereira has been appointed as President. Brondeau’s compensation includes a $1.3 million annual salary, potential for a 135% bonus, and a substantial sign-on equity award, whereas Pereira received a salary raise and increased incentive opportunities. Douglas’s departure comes with a comprehensive severance package including double his annual salary and bonus, health coverage, and transition funds, alongside equitable treatment of his outstanding equity awards.
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