Baxter appoints Joel Grade as CFO effective Oct 18, 2023

BAXTER INTERNATIONAL INC

Joel Grade named EVP and CFO; Brian Stevens returns to prior role as SVP, chief accounting officer and controller.
Grade joins from Sysco where he served as EVP corporate development and previously EVP and CFO.
Compensation includes $800K base salary, 100% target bonus, $3.6M LTIP target value, and $500K supplemental cash payment.
Two one-time equity grants: $3.6M (50% PSUs, 25% RSUs, 25% stock options) and $1M in RSUs.
Grade has 25 years at Sysco; holds BS from University of Wisconsin and MBA from Northwestern.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Joel T. Grade

Executive Vice President and Chief Financial Officer

BAX · BAXTER INTERNATIONAL INC

Effective: 2023-10-18
Filed: October 3, 2023, 7:59 PM ET

On September 29, 2023, Baxter International Inc. (the “Company”) appointed Mr. Joel T. Grade as its Executive Vice President and Chief Financial Officer, effective as of October 18, 2023.

Role change

Brian Stevens

Senior Vice President, Chief Accounting Officer and Controller

BAX · BAXTER INTERNATIONAL INC

Effective: 2023-10-18
Successor: Joel T. Grade
Filed: October 3, 2023, 7:59 PM ET

In connection with his appointment, on October 18, 2023, Brian Stevens will cease serving as the Company’s interim Chief Financial Officer and will continue serving as the Company’s Senior Vice President, Chief Accounting Officer and Controller.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joel T. Grade was appointed as Executive Vice President and Chief Financial Officer at BAXTER INTERNATIONAL INC.

Action: appointed
Role: Executive Vice President and Chief Financial Officer

Exact text from the filing

On September 29, 2023, Baxter International Inc. (the “Company”) appointed Mr. Joel T. Grade as its Executive Vice President and Chief Financial Officer, effective as of October 18, 2023.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Brian Stevens changed role as Senior Vice President, Chief Accounting Officer and Controller at BAXTER INTERNATIONAL INC.

Action: ceased serving as interim Chief Financial Officer and will continue serving as Senior Vice President, Chief Accounting Officer and Controller
Role: Senior Vice President, Chief Accounting Officer and Controller

Exact text from the filing

In connection with his appointment, on October 18, 2023, Brian Stevens will cease serving as the Company’s interim Chief Financial Officer and will continue serving as the Company’s Senior Vice President, Chief Accounting Officer and Controller.

View on SEC.gov

BAXTER INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001193125-23-249637

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