Summary
Vertiv Holdings Co (VRT) has announced the departure of its Chief Operating Officer, Mr. Jason Forcier, effective November 1, 2022. Mr. Forcier is leaving to pursue other opportunities and will be transitioning his responsibilities to existing executive officers and regional presidents. This operational restructuring is intended to enhance focus on regional objectives. Investors should note that Mr. Forcier will receive severance benefits and continued vesting of certain restricted stock units, contingent upon signing a separation agreement with customary restrictive covenants.
Key Highlights
- 1Chief Operating Officer Jason Forcier is departing Vertiv on November 1, 2022.
- 2Mr. Forcier's departure is for personal reasons to pursue other interests.
- 3Operational responsibilities will be transitioned to other Company executives and regional Presidents.
- 4The company believes this transition will lead to greater focus on regional goals.
- 5Mr. Forcier is eligible for severance benefits under the company's Executive Employment Policy.
- 6Continued vesting of 70,064 restricted stock units granted in 2020 is subject to a separation agreement.
- 7Unvested stock options held by Mr. Forcier will be forfeited.