leadership
confidence high
sentiment neutral
materiality 0.65
Mayville Engineering appoints Jag A. Reddy as President & CEO effective July 19, 2022
Mayville Engineering Company, Inc.
- Jag Reddy, former W.R. Grace strategy head, named CEO; base salary $675K, target bonus 100% of salary.
- Retired CEO Bob Kamphuis remains in consultative role through Sept 30, 2022.
- Independent director Timothy L. Christen appointed non-executive Board Chair.
- Steven L. Fisher becomes Audit Committee Chair; Jennifer J. Kent becomes Compensation Committee Chair.
- Severance agreements also signed with EVP Ryan Raber and COO Randall Stille for one times base plus target bonus.