Blink Charging appoints Brendan Jones as CEO; founder Michael Farkas resigns as CEO but remains on board
Blink Charging Co.
Brendan Jones promoted from President to CEO effective May 1, 2023; he joined Blink in April 2020 as COO.
New employment agreement: $775,000 base salary, $150,000 signing bonus (50% cash at start, 50% at one year), target cash bonus and equity each at 60% of base.
Under Jones' tenure as COO/President, Blink grew from 42 to over 625 employees and expanded to 27 countries.
Severance: 1.5x base + target bonus on termination without cause; 3x multiplier on change in control with immediate equity vesting.
Founder Michael D. Farkas resigned as CEO but remains as a member of the Board of Directors; non-solicit/non-compete for 12 months.
Effective as of May 1, 2023, Brendan S. Jones, the current President of the Company, was appointed by the Company’s Board of Directors to assume the duties and additional position as Chief Executive Officer of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
Michael D. Farkas resigned as Chief Executive Officer at Blink Charging Co..
Action
resigned
Role
Chief Executive Officer
Exact text from the filing
The employment of Michael D. Farkas, the Chief Executive Officer of the Company ended on May 1, 2023
Brendan S. Jones was appointed as Chief Executive Officer at Blink Charging Co..
Action
appointed
Role
Chief Executive Officer
Exact text from the filing
Effective as of May 1, 2023, Brendan S. Jones, the current President of the Company, was appointed by the Company’s Board of Directors to assume the duties and additional position as Chief Executive Officer of the Company.
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