Knoll Names New CFO
East Greenville, Pa.-based Knoll has a new CFO today.
On Monday, the home and office furnishings manufacturer announced it has named Craig B. Spray to succeed outgoing Chief Financial Officer Barry McCabe as its new senior vice president and chief financial officer. The former chief financial officer for MasterBrand Cabinets at Fortune Brands Home & Security takes office at Knoll today.
Welcoming him aboard, Knoll CEO Andrew Cogan said in a statement that Spray brings "extensive experience as a senior financial officer in complex multi-channel manufacturing and design driven businesses. We look forward to leveraging his expertise, which includes a strong track record in supply chain transformation and information systems technology, as we continue to focus on revenue growth and margin improvement over the long term."
In a filing with the SEC, Knoll disclosed that it will pay Spray an annual base salary of $325,000, plus:
- a 2013 incentive bonus targeting $325,000, with $200,000 of that guaranteed;
- $75,000 for relocation expenses;
- up to $3,000 per month for temporary living expenses through the end of this year; and
- 110,000 restricted shares, vesting over three years.
The article Knoll Names New CFO originally appeared on Fool.com.Fool contributor Rich Smith has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not 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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