牛牛AI助理已提取核心訊息
On January 11, 2024, Eaton Corporation announced the mutual agreement for the departure of Thomas B. Okray, the Executive Vice President and Chief Financial Officer, effective February 2, 2024. Okray confirmed his support for Eaton's financial practices, indicating no disagreements with financial reporting as the reason for his departure. He will not receive severance and will forfeit unvested equity. Olivier Leonetti, a member of Eaton's Board since 2019, will succeed Okray as CFO starting February 5, 2024. Leonetti's previous roles include CFO positions at Johnson Controls and Zebra Technologies Corporation. His compensation package at Eaton includes an $890,000 base salary, participation in short-term and long-term incentive plans, and a new hire grant of stock options and Restricted Share Units valued at $900,000, plus replacement for unvested equity from Johnson Controls. Leonetti will also receive a cash award of approximately $271,667, replacing a prorated portion of his 2024 Johnson Controls short-term incentive opportunity, subject to repayment conditions. Additionally, he will have access to standard health, welfare, and retirement benefits, financial advisory reimbursements, and relocation benefits. Eaton will also enter into an Indemnification Agreement and a Change of Control Agreement with Leonetti, providing protections similar to those for other Eaton officers.