Analyst Summary
- Lee McChesney appointed as Executive Vice President and Chief Financial Officer, effective March 24, 2025.
- Richard Dierker, current CFO, will become CEO on April 2, 2025, succeeding Matthew T. Farrell.
- McChesney’s compensation includes a $700,000 base salary, an 85% target annual bonus, and a 245% target annual long-term incentive award opportunity.
- He will receive a one-time grant of long-term incentive awards valued at $2,200,000 in restricted stock units vesting over two years.
- McChesney is eligible for three one-time cash sign-on bonuses totaling $617,222, subject to continued employment.
- Prior to joining Church & Dwight, McChesney served as Senior Vice President and Chief Financial Officer of MSA Safety Inc.
- He also held various leadership positions at Stanley Black & Decker from 2010 to August 2022.