Wendel sets David Darmon exit payments cap at EUR 3.07 million
Reuters2026/08/03 15:35- Wendel set revised exit pay terms for CEO David Darmon, effective Nov. 30, 2026, following a governance change.
- Total termination payments capped at 24 months of average fixed and variable pay, valued at EUR 3.07 million.
- Mandate termination payment set at 18 months of average fixed pay, valued at EUR 1.16 million, pending a 2027 shareholder vote.
- Presence condition waived for previously granted stock options, performance shares; vesting remains subject to performance targets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The first major "exam" after the Cook era! Morgan Stanley: Apple's (AAPL.US) autumn launch event is the most important in ten years; the first foldable iPhone may spark a new wave of growth
Morgan Stanley analysts stated that Apple's upcoming "Surprise and Shine" autumn product launch event on September 9 may become the company's most important product release in nearly a decade.
For the first time in over a year, the open interest share of altcoins has surpassed that of bitcoin.
OPEC+ agrees to keep oil output policy unchanged for October
US military strikes Iranian oil tanker, triggering geopolitical risks as Brent crude nears $97 mark
Following the US military's attack on Iranian oil tankers and Iran's announcement of new restricted navigation zones outside the Strait of Hormuz, market concerns over prolonged disruptions in key energy transport routes have intensified, leading to a sharp rise in international oil prices.
Crypto prices
More
