leadership
confidence high
sentiment neutral
materiality 0.60
Grove Collaborative announces departure of Executive Chair and CTO
Grove Collaborative Holdings, Inc.
- Stuart Landesberg steps down as Executive Chair effective Feb 17, 2025, becomes non-employee Board Chair.
- Landesberg will receive non-employee director compensation; equity awards continue vesting, with full acceleration on termination without cause.
- CTO Chris Clark terminated effective Feb 16, 2025; receives 26 weeks salary, 2024 bonus, 3 months COBRA.
- Clark gets accelerated RSU vesting through Aug 15, 2025 and option exercise period extended to 2 years post-separation.
- Clark will provide non-compensated consulting services from Feb 16 to Apr 1, 2025.