Celeste Mastin appointed H.B. Fuller President & CEO effective Dec. 4, succeeding Jim Owens

FULLER H B CO

Jim Owens retires as President and CEO effective Dec 3, 2022; will assist transition through Dec 31.
Celeste Mastin, currently EVP & COO, becomes President and CEO on Dec 4, 2022, and joins the Board.
Mastin receives $950K base salary, target STI of 120% of base, max 240%, and LTI valued at 375% of base ($3.56M).
Owens led H.B. Fuller for 12 years, tripling revenue and market value, shifting portfolio to electronics, solar, EV.
Succession follows multi-year planning process; Mastin previously CEO of PetroChoice and other industrial firms.

item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

James J. Owens

President and Chief Executive Officer

FUL · FULLER H B CO

Effective: 2022-12-03
Successor: Celeste B. Mastin
Filed: September 26, 2022, 7:59 PM ET

James J. Owens will retire from both the Board of Directors of the Company and the position of President and Chief Executive Officer of the Company, effective December 3, 2022.

Appointed

Celeste B. Mastin

President and Chief Executive Officer

FUL · FULLER H B CO

Effective: 2022-12-04
Filed: September 26, 2022, 7:59 PM ET

Celeste B. Mastin has been appointed President and Chief Executive Officer of the Company, effective December 4, 2022.

Appointed

Celeste B. Mastin

Director

FUL · FULLER H B CO

Effective: 2022-12-04
Filed: September 26, 2022, 7:59 PM ET

Ms. Mastin has also been elected to the Board of Directors of the Company, effective December 4, 2022.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

James J. Owens departed as President and Chief Executive Officer at FULLER H B CO.

Action: retire
Role: President and Chief Executive Officer

Exact text from the filing

James J. Owens will retire from both the Board of Directors of the Company and the position of President and Chief Executive Officer of the Company, effective December 3, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Celeste B. Mastin was appointed as President and Chief Executive Officer at FULLER H B CO.

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

Celeste B. Mastin has been appointed President and Chief Executive Officer of the Company, effective December 4, 2022.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Celeste B. Mastin was elected as Director at FULLER H B CO.

Action: elected
Role: Director

Exact text from the filing

Ms. Mastin has also been elected to the Board of Directors of the Company, effective December 4, 2022.

View on SEC.gov

FULLER H B CO filing history →

Source: SEC EDGAR

accession 0001437749-22-023068

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