Hillman Solutions (HLMN) has provided an update.
Hillman Solutions Corp. is set to welcome Jon Michael Adinolfi as its new CEO and President starting January 1, 2025, succeeding Douglas J. Cahill who will transition to Executive Chairman while retaining his role as Chair of the Board. Adinolfi brings extensive experience from his time at Hillman and previous roles at Stanley Black & Decker. Both leaders have had their compensation packages revised, with Adinolfi’s base salary set at $700,000 and Cahill’s at $800,000, alongside significant target bonuses and equity awards. Moreover, adjustments have been made to their severance benefits, varying based on the circumstances of any potential terminations.
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