Paramount Group ( (PGRE) ) has shared an announcement.
On March 10, 2025, Paramount Group, Inc. entered into new employment agreements with Wilbur Paes, the Chief Operating Officer, Chief Financial Officer, and Treasurer, and Peter Brindley, the Executive Vice President, Head of Real Estate. These agreements replace their previous contracts set to expire on March 31, 2025, and include terms for automatic one-year renewals unless notice is given. The agreements also feature non-competition and non-solicitation clauses extending beyond their employment terms, impacting the company’s executive stability and strategic continuity.
More about Paramount Group
YTD Price Performance: -15.93%
Average Trading Volume: 1,054,149
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.12B
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