Envista announces planned CEO succession; Aghdaei to step down once successor appointed

Envista Holdings Corp

CEO Amir Aghdaei to step down upon appointment of successor; board formed search committee for external candidates.
Transition agreement signed Feb 22, 2024; Aghdaei eligible for target bonuses for FY2023 and FY2024 based on actual performance.
Aghdaei to receive FY2024 equity award of $5.5M and consulting fee of $1.5M over 18 months post-transition.
Aghdaei remains President/CEO until successor appointed; process expected to complete in 2024.
Under transition agreement, Aghdaei forfeits eligibility for severance under the existing severance plan.

item 5.02 item 7.01 item 9.01

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Departed

Amir Aghdaei

President and Chief Executive Officer

NVST · Envista Holdings Corp

Filed: February 26, 2024, 6:59 PM ET

On February 22, 2024, Envista Holdings Corporation (the “Company”) and Amir Aghdaei, the President and Chief Executive Officer of the Company, entered into a transition letter agreement (the “Transition Agreement”), setting forth the terms of Mr. Aghdaei’s anticipated transition from his position as the Company’s President and Chief Executive Officer.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Amir Aghdaei departed as President and Chief Executive Officer at Envista Holdings Corp.

Action: to step down
Role: President and Chief Executive Officer

Exact text from the filing

On February 22, 2024, Envista Holdings Corporation (the “Company”) and Amir Aghdaei, the President and Chief Executive Officer of the Company, entered into a transition letter agreement (the “Transition Agreement”), setting forth the terms of Mr. Aghdaei’s anticipated transition from his position as the Company’s President and Chief Executive Officer.

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Source: SEC EDGAR

accession 0001757073-24-000022

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