Corteva (CTVA) has shared an update.
David J. Anderson, the CFO of a prominent company, is set to retire on September 16, 2024, and will be succeeded by David P. Johnson, a seasoned finance executive with over 30 years of experience. Johnson, who previously served as CFO at Atkore Inc., comes with a strong background in strategic and financial planning, having held various leadership roles at Eaton Corporation. His compensation package includes a base salary of $725,000, with the potential for equal annual bonuses, a sign-on award of $450,000, and substantial equity awards totaling $5 million, contingent upon continued employment and performance milestones. Johnson will also receive relocation expenses and standard executive benefits, with no disclosed familial or transactional conflicts within the company.
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