Katapult Holdings, Inc. (NASDAQ:KPLT), a company specializing in equipment rental and leasing services, announced the appointment of a new Chief Accounting Officer, Kaitlin A. Folan, effective Monday. This move comes as part of the company's ongoing efforts to strengthen its financial leadership team.
Ms. Folan, 41, brings a wealth of experience to Katapult Holdings. Her previous role was Vice President, Financial Accounting at BJ’s Wholesale Club, where she served from April 2021 until July 2024. Before BJ's, she spent nearly nine years at PricewaterhouseCoopers, LLP, where she held various roles including Managing Director. Ms. Folan is a certified public accountant and has academic credentials from Bentley University, including a Master of Business Administration.
With her appointment set to commence on July 22, 2024, Ms. Folan's compensation package includes an annual base salary of $345,000, a target annual incentive opportunity equal to 40% of her base salary, and a one-time award of 10,000 restricted stock units. Additionally, she will receive a one-time cash sign-on bonus of $50,000, paid in two installments, and will participate in the company's health, welfare, and retirement benefit programs.
In her role, Ms. Folan will be required to sign an Employee Confidentiality and Assignment Agreement, safeguarding the company's proprietary information and restricting her from soliciting the company’s employees, customers, or suppliers for a year post-employment. She will also be a party to the company's standard indemnification agreement for executive officers and directors.
Arthur Goss, who served as the interim Chief Accounting Officer, will continue his tenure with Katapult Holdings as Vice President, Internal Audit. The company has not disclosed any new compensation arrangements for Mr. Goss in his ongoing role.
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