In a recent filing with the U.S. Securities and Exchange Commission, Bermuda-based Everest Group, Ltd. announced the appointment of Jim Williamson as Acting Chief Executive Officer (CEO) and as a member of the company's Board of Directors. The announcement, made on Monday, comes after a Form 8-K was filed on January 8, 2025, indicating a change in the company's executive leadership.
Williamson, whose new role took effect on January 13, 2025, will receive an additional $25,000 per month as part of his compensation for serving as Acting CEO. This stipend is in accordance with a letter agreement dated the same day. However, the rest of Williamson's compensation terms remain unchanged.
Everest Group, which is listed on the New York Stock Exchange under the ticker NYSE:EG, has not altered any other executive compensatory arrangements in connection with this appointment.
The information for this article was obtained from a recent 8-K filing with the Securities and Exchange Commission.
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