Weber made headlines earlier this year when they separated with their CEO and named Alan Matula Interim CEO. Despite the Interim tag, Alan Matula has entered into an employment agreement that’s richer than outgoing CEO Chris Sherzinger’s.
As we reported previously, Alan Matula is receiving $1.85 million in salary and bonus, which is greater than the $1.49 million that Chris Sherzinger was to receive 2021 at 100% targeted bonus. Beyond equity awards and retirement plan participation, below are additional details from the agreement that went into effect on September 23, 2022.