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Graham ( (GHM) ) just unveiled an update.
On February 5, 2025, Graham Corporation announced key leadership changes as part of its succession plan. Daniel J. Thoren will transition from President and CEO to Executive Chairman and Strategic Advisor starting June 10, 2025, while Matthew J. Malone will become President and COO effective February 5, 2025, and is set to assume the CEO role in June 2025. These changes aim to strengthen the executive team and ensure a seamless leadership transition to support the company’s growth. Thoren’s compensation remains unchanged until his transition, after which he will have a base salary of $250,000 and be eligible for bonuses. Malone’s annual base salary will be $400,000 as COO and increase to $480,000 as CEO. Both executives have provisions in their agreements for compensation in the event of termination without cause or resignation under specific conditions.
More about Graham
Graham Corporation is a global leader in designing and manufacturing mission critical fluid, power, heat transfer, and vacuum technologies. The company serves the defense, space, energy, and process industries, leveraging its engineering expertise in vacuum and heat transfer, cryogenic pumps, and turbomachinery technologies.
YTD Price Performance: 12.64%
Average Trading Volume: 86,406
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $541.4M
See more insights into GHM stock on TipRanks’ Stock Analysis page.
