Vita Coco Extends Kirban’s Role with Enhanced Compensation Package

Vita Coco Company (COCO) just unveiled an update.

The Vita Coco Company, Inc. has solidified its leadership by extending Michael Kirban’s role as Executive Chairman and Chairman of the Board until December 31, 2027. The recent amendment to his employment agreement includes a salary boost to $525,000, with opportunities for annual salary reviews and increased bonus potentials. Additionally, Kirban is now safeguarded from being terminated without cause before the end of 2026 and retains the right to resign with justification if his full-time status is challenged by the Board.

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