Belden appoints Ashish Chand as President and CEO after Roel Vestjens resigns

BELDEN INC.

Ashish Chand, formerly EVP Industrial Automation, named President and CEO effective February 22, 2023.
Roel Vestjens resigned as President and CEO for personal reasons, unrelated to company performance.
Chand's base salary set at $900,000; target annual cash incentive 120% of salary; LTI 400% of salary.
Belden reaffirms Q1 2023 GAAP EPS $1.29-$1.39 and FY 2023 GAAP EPS $5.73-$6.13.
Company reiterates target of $8.00+ adjusted EPS by 2025.

item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Roel Vestjens

President and Chief Executive Officer

BDC · BELDEN INC.

Effective: 2023-02-22
Successor: Ashish Chand
Filed: February 23, 2023, 6:59 PM ET

Dr. Chand succeeds Roel Vestjens, who resigned as President and Chief Executive Officer and a member of the Board, effective as of February 22, 2023.

Appointed

Ashish Chand

President and Chief Executive Officer

BDC · BELDEN INC.

Effective: 2023-02-23
Filed: February 23, 2023, 6:59 PM ET

The Board of Directors (the “Board”) of Belden Inc. (the “Company”) has named Ashish Chand, formerly the Company’s Executive Vice President, Industrial Automation, as President and Chief Executive Officer and as a member of the Board, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Roel Vestjens resigned as President and Chief Executive Officer at BELDEN INC..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Dr. Chand succeeds Roel Vestjens, who resigned as President and Chief Executive Officer and a member of the Board, effective as of February 22, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Ashish Chand was appointed as President and Chief Executive Officer at BELDEN INC..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

The Board of Directors (the “Board”) of Belden Inc. (the “Company”) has named Ashish Chand, formerly the Company’s Executive Vice President, Industrial Automation, as President and Chief Executive Officer and as a member of the Board, effective immediately.

View on SEC.gov

BELDEN INC. filing history →

Source: SEC EDGAR

accession 0000913142-23-000006

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.