BrightView CEO Andrew Masterman resigns; Jim Abrahamson named interim CEO

BrightView Holdings, Inc.

Masterman steps down as President & CEO and from board, effective May 31, 2023; will advise for one month.
Director since 2015 Jim Abrahamson appointed interim CEO; receives $100k/mo salary and $1.2M RSU grant.
Masterman gets 12 months base salary ($950k), full FY bonus, 18 months COBRA, $7.5k outplacement, 223,739 RSUs vesting Nov 2023.
Board starts permanent CEO search with executive search firm; Abrahamson will serve until successor is hired.

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

Andrew V. Masterman

President and Chief Executive Officer

BV · BrightView Holdings, Inc.

Effective: 2023-05-31
Successor: James R. Abrahamson
Filed: May 4, 2023, 7:59 PM ET

the Board of Directors of the Company (the “Board”) and Andrew V. Masterman had mutually agreed that Mr. Masterman would resign from his position as President and Chief Executive Officer of the Company and resign as a member of the Board, effective as of the close of business on May 31, 2023

Appointed (interim)

James R. Abrahamson

Interim President and Chief Executive Officer

BV · BrightView Holdings, Inc.

Effective: 2023-06-01
Filed: May 4, 2023, 7:59 PM ET

The Board appointed James R. Abrahamson, an independent member of the Board, to serve as interim President and Chief Executive Officer, effective as of June 1, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Andrew V. Masterman resigned as President and Chief Executive Officer at BrightView Holdings, Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

the Board of Directors of the Company (the “Board”) and Andrew V. Masterman had mutually agreed that Mr. Masterman would resign from his position as President and Chief Executive Officer of the Company and resign as a member of the Board, effective as of the close of business on May 31, 2023

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

James R. Abrahamson was appointed as Interim President and Chief Executive Officer at BrightView Holdings, Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

The Board appointed James R. Abrahamson, an independent member of the Board, to serve as interim President and Chief Executive Officer, effective as of June 1, 2023.

View on SEC.gov

BrightView Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-055738

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