Scotts Miracle-Gro Picks a CFO

Before you go, we thought you'd like these...
Before you go close icon

Two months after reluctantly bidding farewell to a favorite chief financial officer, Scotts Miracle-Gro announced Monday that it has found a replacement. The lawn and garden products company has named former Nationwide Insurance CFO Larry Hilsheimer as its own new CFO, poaching him away from a position as COO of Nationwide Retirement Plans.

Accepting his new job with immediate effect, Hilsheimer commented that he is "excited to become a member of the team" -- as well he should be. According to a filing with the SEC, Scotts will be paying its new CFO a base salary of $650,000, plus an annual bonus of up to 70% of his "qualifying pay, $1.4 million in restricted stock units vesting over the next three years, and a $500,000 signing bonus.

Scotts shares dropped 0.9% in Monday trading, closing at $42.86.

The article Scotts Miracle-Gro Picks a CFO originally appeared on

Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool recommends Scotts Miracle-Gro. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

People are Reading