Gates Industrial Corporation plc (NYSE: GTES) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 (c)
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On December 7, 2018, Gates Industrial Corporation plc (the “Company”) appointed Grant Gawronski to act as EVP & Chief Commercial Officer, effective December 10, 2018.
Previously, Mr. Gawronski, 56, served with the Company as President – Americas from December of 2017. In this role Mr. Gawronski had responsibility for all customer and commercial operations and initiatives in North and South America. He additionally oversaw the Gates Oil and Gas operations globally. Prior to joining the Company, Mr. Gawronski served as President, Electrical Industrial and Infrastructure for Eaton Corporation from 2012 to 2017. In that role, Mr. Gawronski oversaw a portfolio that included global oil and gas business units, the power quality business unit, and all Eaton electrical business units in Latin America and Canada. Prior to that, Mr. Gawronski served as Group President at Cooper Industries where he had responsibility for the Crouse – Hinds, B-Line, and Safety business units, and in significant general management positions at GE Lighting including General Manager – Asia Pacific, and General Manager – Six Sigma Quality.
In connection with his promotion, effective December 1, 2018, Mr. Gawronski’s annual base salary will be raised to $600,000. He will be eligible to participate in the Company’s annual incentive plan with a target bonus of 85% of his base salary. In addition, Mr. Gawronski will be eligible to participate in the Company’s long-term equity incentive plan.