Ovintiv (OVV) just unveiled an announcement.
Ovintiv Inc. has announced the elimination of the Executive Vice-President, Midstream, Marketing & Fundamentals position, leading to Renee E. Zemljak stepping down effective April 1, 2024. Zemljak will transition to a non-officer Senior Advisor role until her retirement on December 1, 2024. During this period, she will maintain her salary, benefit plan participation, and equity award vesting, but will not receive new equity awards. Upon retirement, she’ll receive a $2,075,090 severance payment, alongside a standard release of claims agreement with the company.
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