The company said it appointed Aman Joshi as Executive Vice-President, Chief Commercial Officer, effective on January 9, 2024 January 5, 2024. Joshi, 47, previously served as General Manager of the Aeroderivative Gas Turbine units business at GE Vernova since 2018, the company said.

1. 01

   The company said it appointed Aman Joshi as Executive Vice-President, Chief Commercial Officer, effective on January 9, 2024 January 5, 2024. Joshi, 47, previously served as General Manager of the Aeroderivative Gas Turbine units business at GE Vernova since 2018, the company said.

2. 02

   The company said Joshi's annual base salary is set at $575,000, and his target annual incentive bonus is 50% of base salary. It said the bonus is guaranteed at target for 2024 and 2025. Joshi's sign-on bonus of $400,000 will be paid in two installments of $200,000 each.

3. 03

   The company said it plans to grant Joshi 150,000 RSUs and 225,000 PSUs, subject to approval by the Compensation Committee. The RSUs will vest over 4 years, while the PSUs will vest based on time (4 years) and performance achievement, with a maximum of 337,500 shares.

4. 04

   The company said Joshi succeeds Guillermo "Billy" Brooks, whose employment will end on January 16, 2024. Brooks will receive $477,000, equal to 12 months of base salary, and 12 months of continuing health coverage.

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