Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Gillette Chairman and CEO to Extend Employment Contract
Aug 8, 2003
 Printable format
 Email this Article
 Search

Personal care appliance maker The Gillette Company announced today that James M. Kilts, chairman and CEO, has extended his employment contract for one year to Jan. 19, 2005, following the expiration of his current 3-year contract on Jan. 19, 2004.

The principal terms of the contract extension, under which further renewals are possible, call for Mr. Kilts to receive a stock option award on Jan. 2, 2004, of 1 million shares, the same amount that Mr. Kilts received in 2003; and Stock Appreciation Rights (SARs) of 1 million share units that have an approximate 6-month valuation term, expiring on Jan. 2, 2004. The SARs were granted in consideration of Mr. Kilts agreeing to remain with the company until Jan. 19, 2005.

Mr. Kilts' current base compensation is U.S. $1.35 million, up from $1 million in 2002. He received a bonus of $1.7 million for 2002 performance. His target bonus for 2003 remains the same as 2002. It will be an amount that could be up to twice his base compensation, depending on performance.

Back to Daily News

 

Daily News

...........................................................

Apr 18, 2014: Spectrum Brands CEO Lumley Joins Husqvarna Board

Apr 17, 2014: GE Appliances 1Q Revenues Down 3%

Apr 17, 2014: Remodeling Growth Expected to Continue

Apr 17, 2014: HVAC/R Contractors Outlook Holds Steady

Apr 17, 2014: Appliance Store Sales Down Slightly in March

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
February 2014: Appliance Magazine Market Insight: December 2013
January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
January 2014: Appliance Magazine Market Insight: November 2013




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows