Summary
S&P Global Inc. announced a significant leadership change with the appointment of Ewout Steenbergen as Executive Vice President and Chief Financial Officer, effective November 14, 2016. Mr. Steenbergen brings a wealth of financial leadership experience, most recently serving as EVP and CFO at Voya Financial, Inc., and previously holding key roles at ING Group. This appointment signals a strategic move by S&P Global to leverage experienced financial talent to guide its operations and financial strategy moving forward. The company has detailed a comprehensive compensation package for Mr. Steenbergen designed to attract and retain him. This includes a substantial base salary, significant short-term and long-term incentive opportunities, a signing bonus, a guaranteed bonus for 2016, and substantial stock-based awards. The structure of these awards, including performance-based and time-based vesting, indicates a focus on aligning his compensation with the company's long-term performance and shareholder value.
Key Highlights
- 1Ewout Steenbergen appointed as Executive Vice President and Chief Financial Officer, effective November 14, 2016.
- 2Mr. Steenbergen previously served as EVP and CFO of Voya Financial, Inc. since 2010.
- 3His compensation package includes a base salary of $750,000 annually.
- 4Target short-term incentive compensation for 2017 is $1,000,000.
- 5Long-term incentive opportunity for 2017 is valued at $1,800,000, with a mix of performance and time-based awards.
- 6A signing bonus of $500,000 is provided, subject to repayment if he voluntarily leaves within 12 months.
- 7Includes a guaranteed bonus of $1,000,000 for 2016 and significant restricted and performance stock awards valued at $2,250,000 and $2,000,000 respectively, with specific vesting schedules.