Hydrofarm announces CEO succession: Toler to Executive Chairman, Lindeman to CEO as of Jan 1, 2025

HYDROFARM HOLDINGS GROUP, INC.

William Toler retires as CEO effective Jan 1, 2025, becomes Executive Chairman; receives 350,000 RSUs.
B. John Lindeman (currently EVP/CFO) promoted to CEO; base salary $550k, target bonus 100%, 250,000 RSUs.
Mark Parker promoted to President, Kevin O'Brien to CFO, Erica Ackerman to CAO; compensation disclosed.
Company estimates ~$400,000 cash compensation savings in fiscal 2025 from leadership changes.
Toler's retirement is not due to disagreement with company; part of planned succession process.

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.

Role change

William Toler

Executive Chairman

HYFM · HYDROFARM HOLDINGS GROUP, INC.

Effective: 2025-01-01
Successor: B. John Lindeman
Filed: October 17, 2024, 7:59 PM ET

William Toler will retire from his position as Chief Executive Officer and become Executive Chairman of the Board.

Role change

B. John Lindeman

Chief Executive Officer and Principal Executive Officer

HYFM · HYDROFARM HOLDINGS GROUP, INC.

Effective: 2025-01-01
Filed: October 17, 2024, 7:59 PM ET

B. John Lindeman will assume the role of Chief Executive Officer and Principal Executive Officer and no longer serve in his current position as Executive Vice President & Chief Financial Officer.

Role change

Mark Parker

President

HYFM · HYDROFARM HOLDINGS GROUP, INC.

Effective: 2025-01-01
Filed: October 17, 2024, 7:59 PM ET

Mark Parker will assume the role of President and no longer serve in his current position as Executive Vice President of Sales and Business Development.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

William Toler was appointed as Executive Chairman at HYDROFARM HOLDINGS GROUP, INC..

Action: appointed
Role: Executive Chairman

Exact text from the filing

William Toler will retire from his position as Chief Executive Officer and become Executive Chairman of the Board.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

B. John Lindeman was appointed as Chief Executive Officer and Principal Executive Officer at HYDROFARM HOLDINGS GROUP, INC..

Action: appointed
Role: Chief Executive Officer and Principal Executive Officer

Exact text from the filing

B. John Lindeman will assume the role of Chief Executive Officer and Principal Executive Officer and no longer serve in his current position as Executive Vice President & Chief Financial Officer.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Mark Parker was appointed as President at HYDROFARM HOLDINGS GROUP, INC..

Action: appointed
Role: President

Exact text from the filing

Mark Parker will assume the role of President and no longer serve in his current position as Executive Vice President of Sales and Business Development.

View on SEC.gov

HYDROFARM HOLDINGS GROUP, INC. filing history →

Source: SEC EDGAR

accession 0001104659-24-109379

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