CNA Financial (CNA) has shared an update.
Dino E. Robusto has been appointed as Executive Chairman with a one-year term and a $6 million salary, plus up to $2 million performance-based bonus. His agreement includes standard benefits, equity vesting, and hefty severance provisions alongside restrictive covenants post-termination. Simultaneously, Douglas M. Worman will become President and CEO with a four-year term, earning a $1.1 million salary and up to $6 million in bonuses, alongside long-term equity incentives. His contract also features standard benefits, severance packages, and post-termination restrictive covenants. Both agreements underscore the company’s commitment to competitive compensation and the securing of its leadership’s performance and loyalty.
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