BorgWarner appoints Joseph F. Fadool as EVP and COO effective July 1, 2024

BORGWARNER INC

Joseph F. Fadool appointed EVP and COO effective July 1, 2024; previously President of Emissions, Thermal and Turbo Systems.
Fadool's compensation: base salary $1.125M, target bonus $1.35M (120% of base), 2025 LTI target $4.21875M (375% of base).
New Executive Severance Plan provides 1.5x (base + avg bonus) cash, 18-month medical/dental, and outplacement up to $40k for eligible execs.
One-time restricted stock grant to EVP Tonit M. Calaway with $4.5M target value, vesting July 1, 2026, subject to continuous employment.

item 5.02 item 9.01

Executive movements

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Role change

Joseph F. Fadool

Executive Vice President and Chief Operating Officer

BWA · BORGWARNER INC

Effective: 2024-07-01
Filed: May 30, 2024, 7:59 PM ET

On May 30, 2024, BorgWarner Inc. (the “Company”) announced the appointment of Joseph F. Fadool, currently the Company’s Vice President and President and General Manager, Emissions, Thermal and Turbo Systems, to the role of Executive Vice President of BorgWarner Inc. and Chief Operating Officer, effective July 1, 2024.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph F. Fadool was appointed as Executive Vice President and Chief Operating Officer at BORGWARNER INC.

Action: appointed
Role: Executive Vice President and Chief Operating Officer

Exact text from the filing

On May 30, 2024, BorgWarner Inc. (the “Company”) announced the appointment of Joseph F. Fadool, currently the Company’s Vice President and President and General Manager, Emissions, Thermal and Turbo Systems, to the role of Executive Vice President of BorgWarner Inc. and Chief Operating Officer, effective July 1, 2024.

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BORGWARNER INC filing history →

Source: SEC EDGAR

accession 0000908255-24-000025

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