KBR Inc.
04/03/2024 | Press release | Distributed by Public on 04/03/2024 14:36
Management Change/Compensation - Form 8-K
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) Departure of Directors or Certain Officers.
(c) Appointment of Certain Officers.
On April 3, 2024, KBR, Inc. (the "Company" or "KBR") announced that Shad E. Evans will transition from his current position as Senior Vice President, Finance Operations and Chief Accounting Officer of the Company to serve as Chief Financial Officer of the Company's Sustainable Technology Solutions business segment. Mr. Evans's transition will be effective May 1, 2024.
The Company has appointed Alison Vasquez to the position of Senior Vice President, Chief Accounting Officer, effective May 1, 2024. Ms. Vasquez, age 49, joined KBR as Vice President, Internal Audit in August 2016, became Vice President, FP&A and Investor Relations in July 2018 and then became Vice President of Finance, Sustainable Technology Solutions, her current role, in December 2022. Before joining KBR, Ms. Vasquez served as Director, Internal Audit at Noble Corporation plc and Director of Corporate Assurance at Energy Transfer LP and began her career in public accounting with Arthur Andersen LLP and PricewaterhouseCoopers LLP. Ms. Vasquez is a Certified Public Accountant in the State of Texas and received her Masters in Professional Accounting and Bachelors of Business Administration from the University of Texas at Austin in 1998. Ms. Vasquez has no family relationship with any director or executive officer of KBR. Ms. Vasquez has no director or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
In connection with her appointment as Chief Accounting Officer, Ms. Vasquez will receive (i) an annual base salary of $365,279, prorated from the effective date of her appointment, as well as (ii) continued eligibility to participate in KBR's annual short-term incentive plan for 2024 with a target payout percentage of 50% of her base salary, as prorated from the effective date of her appointment, (iii) an award of restricted stock units, performance stock units and a performance cash award under KBR's stock and incentive plan for 2024 with the estimated target grant date value of $250,000, which includes previously granted awards for 2024 with an estimated target grant date value of $150,000 and (iv) continued eligibility to participate in the other compensation and benefit plans generally available to KBR's executives.