Advantage Solutions CEO Jill Griffin Resigns; David Peacock Appointed CEO and Christopher Baldwin Joins Board

Advantage Solutions Inc.

Jill Griffin resigned as CEO and director effective January 16, 2023.
David Peacock appointed CEO and director effective February 1, 2023; base salary $1.1M, signing bonus $1.3M.
Christopher Baldwin appointed Class I director effective February 1, 2023; serves as executive chairman of BJ's Wholesale.
Griffin eligible for severance: 24 months salary, pro-rated bonus, health coverage, and equity vesting.
Peacock receives 8M options with exercise prices $2.50, $5.00, $10.00 vesting over 5 years.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

David Peacock

Chief Executive Officer and director

ADV · Advantage Solutions Inc.

Effective: 2023-02-01
Filed: January 18, 2023, 6:59 PM ET

On January 16, 2023, the Company approved the appointment of David Peacock to succeed Ms. Griffin as the Company’s Chief Executive Officer and as a member of the Board to fill the vacancy left by Ms. Griffin’s resignation as a Class III director, in each case, effective February 1, 2023.

Departed

Jill Griffin

Chief Executive Officer and director

ADV · Advantage Solutions Inc.

Effective: 2023-01-16
Successor: David Peacock
Filed: January 18, 2023, 6:59 PM ET

On January 16, 2023, Jill Griffin informed the Board of Directors (the “Board”) of Advantage Solutions Inc. (the “Company”) that she resigned as the Company’s Chief Executive Officer and as member of the Company’s board of directors (the “Board”), effective January 16, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

David Peacock was appointed as Chief Executive Officer and director at Advantage Solutions Inc..

Action: appointed
Role: Chief Executive Officer and director

Exact text from the filing

On January 16, 2023, the Company approved the appointment of David Peacock to succeed Ms. Griffin as the Company’s Chief Executive Officer and as a member of the Board to fill the vacancy left by Ms. Griffin’s resignation as a Class III director, in each case, effective February 1, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Jill Griffin resigned as Chief Executive Officer and director at Advantage Solutions Inc..

Action: resigned
Role: Chief Executive Officer and director

Exact text from the filing

On January 16, 2023, Jill Griffin informed the Board of Directors (the “Board”) of Advantage Solutions Inc. (the “Company”) that she resigned as the Company’s Chief Executive Officer and as member of the Company’s board of directors (the “Board”), effective January 16, 2023.

View on SEC.gov

Advantage Solutions Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-010252

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