leadership
confidence high
sentiment neutral
materiality 0.50
UNFI Chief Legal Officer Jill Sutton departs; receives $1.09M in extra severance
UNITED NATURAL FOODS INC
- Jill Sutton to leave roles as Chief Legal Officer, General Counsel, and Secretary effective Dec 10, 2021.
- Extended base salary payments of $307,400 and additional severance of $783,870 (1.5x annual bonus at target).
- Outstanding equity awards to vest on prorated basis under separation without cause.
- Risk, Safety, Labor Relations, and Real Estate functions moved to other departments in restructuring.