Enviri appoints Tom Vadaketh as CFO effective Oct 16, 2023, succeeding retiring Pete Minan

ENVIRI Corp

Vadaketh most recently CFO of Bausch Health ($4.5B pharma/medical aesthetics) with 30+ years experience.
Annual base salary of $625,000; target annual incentive 80% of base; LTIP target 250% of base.
Sign-on cash bonus of $720,000 ($500k within 30 days, $220k after 6 months) with two-year clawback.
Sign-on RSU grant of $1.5M, vesting one-third annually over three years starting 2024.
Vadaketh will enter standard confidentiality/non-compete agreements and change-of-control severance.

item 5.02 item 9.01

Executive movements

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Appointed

Tom G. Vadaketh

Senior Vice President and Chief Financial Officer

NVRI · ENVIRI Corp

Effective: 2023-10-16
Filed: September 19, 2023, 7:59 PM ET

On September 18, 2023, Enviri Corporation (the “Company”) announced Mr. Tom G. Vadaketh will be appointed as Senior Vice President and Chief Financial Officer, effective October 16, 2023.

Departed

Peter Minan

Interim Senior Vice President and Chief Financial Officer

NVRI · ENVIRI Corp

Effective: 2023-10-16
Successor: Tom G. Vadaketh
Filed: September 19, 2023, 7:59 PM ET

Mr. Vadaketh will succeed Mr. Peter Minan, who previously announced plans to retire and has been serving as the Company’s Interim Senior Vice President and Chief Financial Officer.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Tom G. Vadaketh was appointed as Senior Vice President and Chief Financial Officer at ENVIRI Corp.

Action: appointed
Role: Senior Vice President and Chief Financial Officer

Exact text from the filing

On September 18, 2023, Enviri Corporation (the “Company”) announced Mr. Tom G. Vadaketh will be appointed as Senior Vice President and Chief Financial Officer, effective October 16, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Peter Minan departed as Interim Senior Vice President and Chief Financial Officer at ENVIRI Corp.

Action: retiring
Role: Interim Senior Vice President and Chief Financial Officer

Exact text from the filing

Mr. Vadaketh will succeed Mr. Peter Minan, who previously announced plans to retire and has been serving as the Company’s Interim Senior Vice President and Chief Financial Officer.

View on SEC.gov

ENVIRI Corp filing history →

Source: SEC EDGAR

accession 0000045876-23-000055

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