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The latest update is out from IPG Photonics (IPGP).
Alexander Ovtchinnikov, Senior VP and CTO of IPG Photonics Corporation, is set to retire on September 15, 2024, but will continue to offer his expertise as a consultant until March 2025 for a monthly fee of $17,000. His equity awards will keep vesting during this period, and the company will cover his health insurance premiums for 18 months post-retirement. This move ensures that the company retains Ovtchinnikov’s valuable experience even after his retirement.
For an in-depth examination of IPGP stock, go to TipRanks’ Stock Analysis page.
