Summary
II-VI Incorporated (now Coherent Corp.) announced on March 12, 2014, the appointment of Mary Jane Raymond as its new Chief Financial Officer (CFO), effective March 20, 2014. Ms. Raymond will also assume the role of Treasurer upon the departure of the current CFO, Craig A. Creaturo, on April 4, 2014. This change in financial leadership is a significant event for investors, as the CFO plays a critical role in financial reporting, strategic planning, and investor relations. Ms. Raymond brings substantial experience to the role, having previously served as Executive Vice-President and CFO of Hudson Global, Inc. Her compensation package includes a base salary of $300,000, with potential annual bonuses and equity grants, including stock options and restricted stock, designed to align her incentives with the company's performance. Investors will be keen to monitor her impact on the company's financial strategy and execution.
Key Highlights
- 1Appointment of Mary Jane Raymond as Chief Financial Officer (CFO) effective March 20, 2014.
- 2Ms. Raymond will also assume the Treasurer role on April 4, 2014, following Craig A. Creaturo's departure.
- 3Ms. Raymond has prior CFO experience at Hudson Global, Inc.
- 4Ms. Raymond's compensation includes a base salary of $300,000.
- 5Potential for annual bonuses up to $100,000 for fiscal 2014, increasing to $400,000 for fiscal 2015.
- 6Ms. Raymond will receive equity grants, including stock options and restricted stock, subject to Board approval.
- 7The company issued a press release on March 12, 2014, to announce Ms. Raymond's appointment.