Envista Holdings announced that its President and CEO, Paul Keel, has been appointed Chairman of the Board, effective August 19, 2026. In connection with this, the company approved significant compensation updates, including a $10 million special equity award for Mr. Keel and a $1.5 million award for CFO Eric Hammes.
Key Details
- Leadership Change: CEO Paul Keel will assume the role of Chairman of the Board. The former Chairman, Scott Huennekens, will continue as a director and has been appointed Lead Independent Director.
- CEO Compensation Update: Paul Keel's annual base salary was increased from $1.1 million to $1.3 million, and he was granted a special one-time equity award valued at $10 million, split between time-based ($5M) and performance-based ($5M) restricted stock units (RSUs).
- CFO Equity Award: CFO Eric Hammes received a special one-time equity award of performance-based RSUs valued at $1.5 million. The performance for both executives' awards is tied to the company's four-year total stockholder return (TSR).