Strattec Secures Interim CEO with New Retention Agreement

Strattec Security (STRT) has issued an update.

STRATTEC SECURITY CORPORATION has secured the continued service of Roland J. Guillot, its Interim President and CEO, through a Retention Agreement. Guillot will transition back to his previous COO role when Jennifer L. Slater takes over as CEO on July 1, 2024. The deal promises Guillot a retention bonus of 30% of his base salary if he stays with the company until the end of the year, with the payout contingent on his adherence to the terms of his employment.

See more data about STRT stock on TipRanks’ Stock Analysis page.