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An announcement from Franklin Electric Co. (FELE) is now available.
Franklin Electric Co., Inc. is set for a leadership change as CEO Gregg C. Sengstack plans to retire, with Joseph Ruzynski taking the helm on July 1, 2024. Ruzynski, previously a leader at nVent Electric and Pentair plc, has no material interests in the company or relationships with its board members. His compensation includes a $900,000 base salary, potential equal bonus, a $250,000 signing bonus, and equity grants valued at approximately $5.25 million, subject to performance and vesting terms.
Learn more about FELE stock on TipRanks’ Stock Analysis page.