The company said its Board of Directors appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer on March 4, 2025, effective March 24, 2025.

1. 01

   The company said its Board of Directors appointed Mark D. Okerstrom as Senior Vice President and Chief Financial Officer on March 4, 2025, effective March 24, 2025.

2. 02

   Charles E. McLaughlin will retire as Senior Vice President and Chief Financial Officer on the effective date and will serve in a non-executive officer role through December 31, 2025 to assist with the transition, the company said.

3. 03

   The company said Okerstrom, 52, has served as an external advisor at Bain & Company since April 2024, served as President and Chief Operating Officer of Convoy, Inc., and served as President and Chief Executive Officer of Expedia Group, Inc. from August 2017 to December 2019.

4. 04

   The company said Okerstrom's annual base salary will be $800,000, with a one-time cash sign-on award of $2.5 million, a one-time sign-on equity award with a target value of $10.0 million to be granted in April 2025, and an annual equity award with a target value of $6.0 million.

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