Symbotic CFO Tom Ernst to retire; Carol Hibbard named successor as CFO

Symbotic Inc.

CFO Thomas Ernst to retire effective Dec 15, 2023; will serve as consultant through Sep 28, 2024.
Ernst receives $375k severance, $50k consulting fee, and continued equity vesting through consulting period.
Carol Hibbard, former Boeing SVP & Controller, appointed CFO effective Dec 15, 2023.
Hibbard base salary $600k, bonus target 85%, sign-on bonus $300k, equity award $10M.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Carol Hibbard

Chief Financial Officer and Treasurer

SYM · Symbotic Inc.

Effective: 2023-12-15
Filed: October 2, 2023, 7:59 PM ET

On October 2, 2023, the Company announced the appointment of Carol Hibbard as Chief Financial Officer and Treasurer of the Company effective December 15, 2023.

Departed

Thomas Ernst

Chief Financial Officer and Treasurer

SYM · Symbotic Inc.

Effective: 2023-12-15
Successor: Carol Hibbard
Filed: October 2, 2023, 7:59 PM ET

On October 2, 2023, Symbotic Inc. (the “Company”) announced that Thomas Ernst plans to retire as Chief Financial Officer and Treasurer of the Company, with his retirement to be effective on December 15, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Carol Hibbard was appointed as Chief Financial Officer and Treasurer at Symbotic Inc..

Action: appointed
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On October 2, 2023, the Company announced the appointment of Carol Hibbard as Chief Financial Officer and Treasurer of the Company effective December 15, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Ernst departed as Chief Financial Officer and Treasurer at Symbotic Inc..

Action: retire
Role: Chief Financial Officer and Treasurer

Exact text from the filing

On October 2, 2023, Symbotic Inc. (the “Company”) announced that Thomas Ernst plans to retire as Chief Financial Officer and Treasurer of the Company, with his retirement to be effective on December 15, 2023.

View on SEC.gov

Symbotic Inc. filing history →

Source: SEC EDGAR

accession 0001193125-23-249095

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