EnPro CEO Marvin Riley resigns; Eric Vaillancourt named interim CEO

Enpro Inc.

Marvin Riley resigned as President, CEO, and board member effective August 2, 2021, by mutual agreement.
Eric Vaillancourt, formerly President of Sealing Technologies, appointed Interim President and CEO immediately.
Vaillancourt's salary raised to $600,000; 2021 bonus target at 100% of salary (max 200%) prorated.
Riley receives severance: 2x salary, prorated bonus, extended option exercise (24 months), office access through July 2022.
Noncompetition covenant in Riley's agreement waived; non-disparagement and cooperation obligations remain.

item 5.02 item 9.01

Executive movements

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Departed

Marvin A. Riley

President and Chief Executive Officer

NPO · Enpro Inc.

Effective: 2021-08-02
Successor: Eric A. Vaillancourt
Filed: August 3, 2021, 7:59 PM ET

Marvin A. Riley, who, by mutual agreement with the Board, has resigned from the positions of President and Chief Executive Officer of the Company and as a member of the Company’s Board of Directors on the same date, effective immediately.

Appointed (interim)

Eric A. Vaillancourt

Interim President and Chief Executive Officer

NPO · Enpro Inc.

Effective: 2021-08-02
Filed: August 3, 2021, 7:59 PM ET

On August 2, 2021, the Board of Directors of EnPro Industries, Inc., (the “Company”) appointed Eric A. Vaillancourt, President of the Company’s Sealing Technologies segment, as Interim President and Chief Executive Officer, effective immediately.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Marvin A. Riley resigned as President and Chief Executive Officer at Enpro Inc..

Action: resigned
Role: President and Chief Executive Officer

Exact text from the filing

Marvin A. Riley, who, by mutual agreement with the Board, has resigned from the positions of President and Chief Executive Officer of the Company and as a member of the Company’s Board of Directors on the same date, effective immediately.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Eric A. Vaillancourt was appointed as Interim President and Chief Executive Officer at Enpro Inc..

Action: appointed
Role: Interim President and Chief Executive Officer

Exact text from the filing

On August 2, 2021, the Board of Directors of EnPro Industries, Inc., (the “Company”) appointed Eric A. Vaillancourt, President of the Company’s Sealing Technologies segment, as Interim President and Chief Executive Officer, effective immediately.

View on SEC.gov

Enpro Inc. filing history →

Source: SEC EDGAR

accession 0001140361-21-026520

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