leadership
confidence high
sentiment neutral
materiality 0.55
Sun Communities appoints Robert Garechana as CFO, effective Sept 8, 2026
SUN COMMUNITIES INC
- Garechana (age 47) joins from Equity Residential, where he was EVP & CIO since 2025 and CFO from 2018-2025.
- New CFO will receive $625K base salary, target cash bonus of 150% of base, and $2.5M restricted stock grant.
- Incumbent CFO Fernando Castro-Caratini transitions to advisory role through Oct 31, 2026, with severance per employment agreement.
- Five-year employment agreement with automatic 1-year renewals; non-compete up to 18 months and change-in-control benefits at 2x salary+bonus.