Clarivate (CLVT) just unveiled an update.
Jonathan Gear will step down as CEO of Clarivate Plc and from the board on August 9, 2024, transitioning to a non-executive role until November 1, without any company disagreements. Matitiahu Shem Tov, a seasoned leader in software, data, and analytics, takes over as CEO. Gear’s separation agreement includes various benefits like a $4.375 million lump sum, while Shem Tov’s employment agreement includes a $900,000 base salary, bonuses, and equity grants. Additionally, key executives received retention awards to ensure stability during the leadership transition.
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