leadership
confidence high
sentiment neutral
materiality 0.40
Thierry Pellegrino departs as SVP & President, Intelligent Platform Solutions, enters consulting transition
Penguin Solutions, Inc.
- Thierry Pellegrino ceased as SVP and President, Intelligent Platform Solutions, effective June 27, 2023.
- His employment terminated on July 18, 2023, and he entered a transition and separation agreement.
- He will provide consulting services through January 31, 2024, subject to earlier termination.
- Unvested time-based equity awards will continue to vest during the consulting period.
- Severance per prior employment offer letter in exchange for a general release of claims.