GATX announces CEO succession: Lyons to become CEO on April 22, 2022; Kenney to remain non-executive Chairman

GATX CORP

Robert C. Lyons appointed CEO and President effective April 22, 2022, succeeding Brian A. Kenney who becomes non-executive Chairman until Oct 31, 2022.
Lyons' base salary increased to $800,000 from $597,100; target bonus raised to 100% of base salary; LTI target increased to $3,000,000 from $950,000.
CFO Thomas A. Ellman granted 3,960 restricted stock units (value $400,000) as Leadership Recognition Award; vesting 25% on first anniversary, 75% on third.
Ellman entered into a non-compete/non-solicitation agreement covering 12 months post-employment (or until Jan 28, 2026) unless termination without cause or for good reason.

item 5.02 item 9.01

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Appointed

Robert C. Lyons

Chief Executive Officer and President

GATX · GATX CORP

Effective: 2022-04-22
Filed: February 2, 2022, 6:59 PM ET

the Board of Directors of GATX Corporation (“GATX” or the “Company”) appointed Robert C. Lyons to the position of Chief Executive Officer and President, effective April 22, 2022 upon the retirement of Brian A. Kenney, the current Chairman, CEO and President.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Robert C. Lyons was appointed as Chief Executive Officer and President at GATX CORP.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

the Board of Directors of GATX Corporation (“GATX” or the “Company”) appointed Robert C. Lyons to the position of Chief Executive Officer and President, effective April 22, 2022 upon the retirement of Brian A. Kenney, the current Chairman, CEO and President.

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Source: SEC EDGAR

accession 0000040211-22-000012

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