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An announcement from CPI Aerostructures (CVU) is now available.
Philip Passarello has been appointed as the new Chief Financial Officer and Secretary of CPI Aerostructures, Inc., and will be overseeing financial responsibilities for its subsidiaries. With an extensive background in finance, including roles at TTM Technologies and over 15 years at Telephonics Corporation, Passarello brings valuable experience to the table. His compensation includes a $350,000 annual salary, potential cash and stock bonuses, and a comprehensive severance package that varies based on the nature of employment termination. This executive move follows the departure of the former CFO, Andrew Davis, who was let go without cause and will receive severance according to his agreement with the company.
Find detailed analytics on CVU stock on TipRanks’ Stock Analysis page.