Fuel Tech appoints Ramesh Nuggihalli as CEO; Vincent Arnone retires

FUEL TECH, INC.

Vincent J. Arnone retires as CEO and President effective Aug 10, 2026; remains on board.
Ramesh Nuggihalli appointed CEO and President effective Aug 10, 2026; previously COO of CECO Environmental.
New CEO receives base salary of $440,000, initial RSU grant of 300,000 units vesting over 3 years.
Target short-term incentive of 75% of base salary; long-term incentive target of 100% of base salary.
Severance and change of control provisions include 12-month base salary continuation and accelerated vesting.

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