Federal Signal Picks New Chief Financial Officer

Oak Brook, Ill.-based Federal Signal will soon have a new chief financial officer, the company announced yesterday.

On Friday, the diversified manufacturer named Brian S. Cooper to replace interim CFO Braden Waverley on May 28. Waverly will remain acting CFO until Cooper joins the company next month. Cooper comes to Federal Signal by way of smaller telecommunications equipment maker Westell Technologies , where he has served as CFO since 2009.

In a filing with the SEC, Federal Signal describes Cooper's new compensation package thusly. He will receive:

  • A base annual salary of $320,000.
  • An annual bonus targeting 60% of base pay, but ranging as high as 120% ($384,000).
  • A $308,000 equity grant.
  • Assorted other, smaller benefits.

For its part, Westell has not yet announced a replacement for its departing executive.

The article Federal Signal Picks New Chief Financial Officer originally appeared on Fool.com.

Fool contributor Rich Smith and The Motley Fool have no position in any of the stocks mentioned. 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.

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