E2open CEO Michael Farlekas departs; Andrew Appel named interim CEO

E2open Parent Holdings, Inc.

Farlekas and board mutually agreed to new leadership; he ceases as CEO, employee, and director effective Oct 10, 2023.
Andrew Appel appointed interim CEO and director; he previously led IRI (Circana) and brings 25+ years tech experience.
Board starts external search for permanent CEO; leading executive search firm retained.
Appel to receive $500K base salary for initial 6-month term plus ~$685K initial restricted stock grant and monthly $100K grants thereafter.
Farlekas signed separation agreement including consulting through Dec 31, 2023, with severance per executive severance plan.

item 5.02 item 7.01 item 9.01

Executive movements

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Departed

Michael A. Farlekas

Chief Executive Officer

E2open Parent Holdings, Inc.

Effective: 2023-10-10
Successor: Andrew Appel
Filed: October 10, 2023, 7:59 PM ET

Mr. Michael A. Farlekas agreed that Mr. Farlekas would depart the Company as an employee and cease serving as its Chief Executive Officer (“CEO”) and on its board of directors (the “Board”).

Appointed (interim)

Andrew Appel

Interim CEO

E2open Parent Holdings, Inc.

Effective: 2023-10-10
Filed: October 10, 2023, 7:59 PM ET

The Board has appointed Mr. Andrew Appel as interim CEO (“Interim CEO”) and a director of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Michael A. Farlekas departed as Chief Executive Officer at E2open Parent Holdings, Inc..

Action: departed
Role: Chief Executive Officer

Exact text from the filing

Mr. Michael A. Farlekas agreed that Mr. Farlekas would depart the Company as an employee and cease serving as its Chief Executive Officer (“CEO”) and on its board of directors (the “Board”).

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Andrew Appel was appointed as Interim CEO at E2open Parent Holdings, Inc..

Action: appointed
Role: Interim CEO

Exact text from the filing

The Board has appointed Mr. Andrew Appel as interim CEO (“Interim CEO”) and a director of the Company.

View on SEC.gov

Source: SEC EDGAR

accession 0000950170-23-052617

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