Hexcel appoints Tom Gentile as CEO; Stanage becomes Executive Chairman until Dec 2024

HEXCEL CORP /DE/

Thomas C. Gentile III named CEO & President effective May 1, 2024; former CEO of Spirit AeroSystems (2016-2023).
Nick Stanage transitions to Executive Chairman from May 1 through December 31, 2024, then retires.
Gentile receives $1.1M base salary, 110% target bonus, equity target of 440%, $250K cash signing bonus, and $2M sign-on equity.
Company reaffirms FY2024 guidance: sales $1.925B-$2.025B, adjusted EPS $2.10-$2.30, free cash flow >$200M.
Mid-term (2024-2026) targets: sales CAGR 10-12%, adjusted EPS CAGR >25%, cumulative adj. EBITDA >$1.5B, FCF >$800M.

item 5.02 item 7.01 item 9.01

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Appointed

Thomas C. Gentile III

Chief Executive Officer and President

HXL · HEXCEL CORP /DE/

Effective: 2024-05-01
Filed: April 9, 2024, 7:59 PM ET

the appointment of Thomas C. Gentile III as Chief Executive Officer and President of the Company, in each case, effective May 1, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas C. Gentile III was appointed as Chief Executive Officer and President at HEXCEL CORP /DE/.

Action: appointed
Role: Chief Executive Officer and President

Exact text from the filing

the appointment of Thomas C. Gentile III as Chief Executive Officer and President of the Company, in each case, effective May 1, 2024.

View on SEC.gov

HEXCEL CORP /DE/ filing history →

Source: SEC EDGAR

accession 0000930413-24-001263

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