In a recent development at ABM Industries (NYSE:ABM) Incorporated, Executive Vice President and Chief Strategy and Transformation Officer Josh Feinberg is set to assume the role of Senior Advisor to the company starting Monday. This transition comes ahead of his anticipated departure on October 31, 2024.
Feinberg's move to Senior Advisor is part of a planned exit from the organization, following the terms of his Executive Employment Agreement established on October 28, 2019. As per the agreement, upon his separation, he is entitled to severance benefits and payments typically provided for a termination without Cause. Additionally, the terms of his equity incentive awards will also be honored.
The transition and subsequent departure of Feinberg represents a notable change in the executive leadership at ABM Industries, a company specializing in services to dwellings and other buildings. The company has not yet announced a successor or detailed plans for the Chief Strategy and Transformation Officer role following Feinberg's departure.
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