Stepan promotes CFO Luis Rojo to President and CEO; Scott Behrens departs

STEPAN CO

Luis Rojo appointed President and CEO effective immediately, succeeding Scott Behrens after 31 years.
Rojo receives base salary $940k, target bonus 100% of salary, and equity grants totaling $2M with performance vesting conditions.
Samuel Hinrichsen named interim CFO; annual salary $300k, target bonus 48% of base salary, long-term incentive $100k.
Board approves $600k retention award for EVP Supply Chain Robert Haire, split cash and RSUs vesting over two years.

item 5.02 item 7.01 item 9.01

Executive movements

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

Departed

Scott R. Behrens

President and Chief Executive Officer

SCL · STEPAN CO

Effective: 2024-10-30
Successor: Luis E. Rojo
Filed: October 30, 2024, 7:59 PM ET

On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.

Role change

Luis E. Rojo

President and Chief Executive Officer

SCL · STEPAN CO

Effective: 2024-10-30
Filed: October 30, 2024, 7:59 PM ET

On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.

Appointed (interim)

Samuel S. Hinrichsen

Vice President and Interim Chief Financial Officer

SCL · STEPAN CO

Effective: 2024-10-30
Filed: October 30, 2024, 7:59 PM ET

the Board appointed Samuel S. Hinrichsen to serve as Vice President and Interim Chief Financial Officer of the Company, in addition to continuing his current role as the Company’s Global Director of Finance, until such time as a permanent replacement is named.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Scott R. Behrens departed as President and Chief Executive Officer at STEPAN CO.

Action: departing
Role: President and Chief Executive Officer

Exact text from the filing

On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Luis E. Rojo was appointed as President and Chief Executive Officer at STEPAN CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On October 30, 2024, Stepan Company (the “Company”) announced that the Board of Directors (the “Board”) of the Company appointed Luis E. Rojo as President and Chief Executive Officer and as a member of the Board with a term expiring at the annual meeting to be held in 2025, effective immediately, succeeding Scott R. Behrens, who is departing the Company to pursue other opportunities.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Samuel S. Hinrichsen was appointed as Vice President and Interim Chief Financial Officer at STEPAN CO.

Action: appointed
Role: Vice President and Interim Chief Financial Officer

Exact text from the filing

the Board appointed Samuel S. Hinrichsen to serve as Vice President and Interim Chief Financial Officer of the Company, in addition to continuing his current role as the Company’s Global Director of Finance, until such time as a permanent replacement is named.

View on SEC.gov

STEPAN CO filing history →

Source: SEC EDGAR

accession 0000950170-24-118577

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