Strattec Security (STRT) has issued an update.
STRATTEC SECURITY CORPORATION has secured the continued service of Roland J. Guillot, its Interim President and CEO, through a Retention Agreement. Guillot will transition back to his previous COO role when Jennifer L. Slater takes over as CEO on July 1, 2024. The deal promises Guillot a retention bonus of 30% of his base salary if he stays with the company until the end of the year, with the payout contingent on his adherence to the terms of his employment.
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