TD SYNNEX Corporation (SNX) has issued an announcement.
TD SYNNEX Corporation is set for a leadership transition as Executive VP and COO, Patrick Zammit, is appointed as the new President and CEO starting September 1, 2024, taking over from Richard Hume who will retire but remain on the Board. Hume’s notable contributions since the SYNNEX and Tech Data merger have led to a revised compensation that includes accelerated stock vesting, extended stock option exercise period, and special bonuses totaling roughly $3.4 million. Additionally, Michael Urban, the former President of Americas, who exits on July 1, will receive a prorated bonus, continuation of salary, health benefits, and stock vesting, under agreements that include non-compete clauses.
For a thorough assessment of SNX stock, go to TipRanks’ Stock Analysis page.
