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Quaker Chemical (KWR) has issued an announcement.
Quaker Chemical Corporation has announced the termination of Shane Hostetter as CFO, with a departure date of June 7, 2024, and a transition period until August 4, 2024. His termination is not due to any issues with financial statements or disagreements on accounting practices. Tom Coler, with a strong background in corporate finance and experience in various industries, has been appointed as the new CFO starting June 10, 2024. Coler’s compensation includes a base salary of $515,000, potential annual incentives, a mix of stock units, and a sign-on equity award, along with customary executive benefits and severance arrangements.
Find detailed analytics on KWR stock on TipRanks’ Stock Analysis page.