Taylor Melvin appointed President & CEO of Ivanhoe Electric; Friedland becomes Executive Chairman
Ivanhoe Electric Inc.
Taylor Melvin appointed President & CEO effective Nov 21, 2022; previously VP Corporate Development at Freeport-McMoRan (FCX).
Robert Friedland steps down as CEO but remains Executive Chairman; Eric Finlayson becomes Chief of Global Exploration.
Melvin receives $500k annual base salary, bonus target 100% (short-term) and 200% for 2023 long-term; initial grant of 500k stock options (exercise ≥$11.75) and 750k RSUs, vesting over 3 years.
Severance: 1.5x base plus bonus if terminated without cause; up to 24 months base plus 150% bonus upon change in control termination.
On October 21, 2022, Ivanhoe Electric, Inc. (the “Company”) announced that Taylor Melvin was appointed President and Chief Executive Officer of the Company, effective November 21, 2022.
Robert Friedland will step down as Chief Executive Officer of the Company effective November 21, 2022. Mr. Friedland will remain as the Executive Chair of the Board of Directors of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.99
Taylor Melvin was appointed as President and Chief Executive Officer at Ivanhoe Electric Inc..
Action
appointed
Role
President and Chief Executive Officer
Exact text from the filing
On October 21, 2022, Ivanhoe Electric, Inc. (the “Company”) announced that Taylor Melvin was appointed President and Chief Executive Officer of the Company, effective November 21, 2022.
Robert Friedland changed role as Executive Chair of the Board of Directors at Ivanhoe Electric Inc..
Action
stepped down as Chief Executive Officer
Role
Executive Chair of the Board of Directors
Exact text from the filing
Robert Friedland will step down as Chief Executive Officer of the Company effective November 21, 2022. Mr. Friedland will remain as the Executive Chair of the Board of Directors of the Company.
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