Could have sworn that Bain would have kept him. Brutal. Wonder what his exit package is? Who is next?
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Who is even running finance at Envestnet? I was on a call with the company’s new “controller” the other day and it was a disaster. She was totally unqualified for the job. What is Bain even doing?
Are we saying November for voluntary departures because that’s when retention bonuses are paid? Or what else? I know that Bain can change compensation and benefits starting in December per the public filing, but I wouldn’t expect drastic changes.
@pq it can be by year end as well.
@pc curious if November has any specific significance or if you are referring to by end of year.
Coming November , many other exits are inevitable.
@jf I remember hearing rumours when he was hired from BlackRock. He likely will receive the full 5.97M golden parachute as he steps down.
The CHRO and CFO being replaced in a 3 month window seems like a bad sign, regardless of how they both left.
That’s what you would think, but why would anyone knowingly go into a 2-year CFO role? Money must have been substantial.
This was expected. His role was to prep env for sale. He did that.