leadership
confidence high
sentiment positive
materiality 0.45
Stoneridge appoints Vivek Anand as VP Commercial Strategy & Global Sales effective Nov 2, 2026
STONERIDGE INC
- Vivek Anand, 53, will report to CEO Natalia Noblet and lead Stoneridge's global commercial organization, including sales, product marketing, customer communications, market analytics, and strategy.
- Employment Agreement provides €330,000 base salary (~$371,349), 50% target bonus, and €50,000 sign-on bonus (~$56,265) repayable if he leaves before Nov 2, 2027.
- He also receives a €150,000 special equity grant (~$168,795) vesting one year after grant, annual LTIP target of 50% base salary, and relocation support from Belgium to Netherlands.
- Severance plan provides 12-month salary and benefits; Change in Control Agreement provides 24-month base salary/benefits continuation with a double trigger.
- Anand, 53, previously held roles at ZF, WABCO and Aptiv, most recently Managing Director Nordics and Global VP Strategic Accounts at ZF, leading a €500 million Driveline Systems business.