tiprankstipranks
Westlake Chemical Adjusts Albert Chao’s Executive Pay Structure
Company Announcements

Westlake Chemical Adjusts Albert Chao’s Executive Pay Structure

Don't Miss our Black Friday Offers:

An update from Westlake Chemical (WLK) is now available.

Westlake Corporation’s Compensation Committee has modified the pay structure of Albert Chao as he transitions from CEO to Executive Chairman. Effective July 15, 2024, Chao’s new annual salary is $1,019,000 with a potential bonus of 105% of his salary. His 2024 bonus will reflect his end-of-year salary, and his long-term incentive will align with that of Senior Chairman James Chao, at 400% of the base salary, following a review in February 2025.

For an in-depth examination of WLK stock, go to TipRanks’ Stock Analysis page.

Related Articles
TheFlyWestlake price target lowered to $165 from $171 at BMO Capital
TheFlyWestlake price target lowered to $167 from $170 at RBC Capital
TheFlyDOJ investigating PVC prices after short seller report, FT says
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App