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Xerox Appoints Chuck Butler as CFO with Revised Compensation Package
Xerox has announced the appointment of Chuck Butler as its new Chief Financial Officer (CFO), effective immediately. Butler, who brings extensive experience in financial management and corporate strategy, steps into this crucial role as the company continues to focus on its long-term growth and financial goals.
Along with his appointment, Xerox has also unveiled a revised compensation package for Butler, which includes a base salary of $70,000 per year. While this amount is relatively modest for a CFO role at a major corporation, the compensation structure is heavily performance-based.
Butler’s package includes the potential for up to $1.2 million in performance-based incentives, which will be tied to meeting key corporate goals, such as revenue and profitability targets. Additionally, he will receive equity compensation in the form of stock options and/or restricted stock units (RSUs), with the value contingent on the company’s future performance and stock price growth.
This compensation package reflects a strategic focus on aligning executive incentives with shareholder value, making Butler’s earnings highly dependent on his success in guiding Xerox toward its financial objectives. The performance-based structure also indicates Xerox’s commitment to driving long-term profitability and growth in a competitive market. As the company adapts to changing business conditions, Butler’s leadership in the financial realm will be key to navigating Xerox’s next phase of transformation.
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