leadership
confidence high
sentiment neutral
materiality 0.45
Vestis names Russell Tiejema EVP and CFO effective Sept 28; reaffirms FY2026 outlook
Vestis Corp
- Tiejema, 58, succeeds interim CFO Adam K. Bowen, who has held the role since Dec 16, 2025 and will stay through end of October.
- Base salary $700,000; target bonus 100% of salary; FY2027 LTIP target $1,750,000 plus a $2,500,000 sign-on award (50% RSUs, 50% NSOs) vesting over three years.
- Qualifying Termination severance is a lump sum of 1.5x salary plus target bonus; non-change-of-control termination pays 1x ratably over 12 months.
- Tiejema was CFO of US LBM from June 2024 to July 2026 and CFO of Masonite International (NYSE: DOOR) from Nov 2015 to May 2024.
- Vestis reaffirms its full fiscal year 2026 financial outlook, consistent with the update given in its Q3 earnings release on Aug 11, 2026.