Posted 23 February, 2023
BELDEN INC. appointed new CEO
CEO Change detected for ticker NYSE:BDC in a 8-K filed on 23 February, 2023.
Dr. Chand succeeds Roel Vestjens, who resigned as President and Chief Executive Officer and a member of the Board, effective as of February 22, 2023.
Don't how to trade CEO change? Read Reasons for CEO Turnover and Effect on Stock Performance.
Overview of BELDEN INC.
Industrial Goods • Industrial Electronics
Belden, Inc. engages in the provision of innovative signal transmission solutions. It operates through the Enterprise Solutions and Industrial Automation Solutions segments. The Enterprise Solutions segment offers network infrastructure solutions, as well as cabling and connectivity solutions for broadcast, commercial audio/video, and security applications. The Industrial Automation Solutions segment includes physical network and fieldbus infrastructure components and on-machine connectivity systems customized to end user, and original equipment manufacturer (OEM) needs. The company was founded by Joseph C. Belden in 1902 and is headquartered in St. Louis, MO.Market Cap
$4.26B
View Company Details
$4.26B
Relevant filing section
Item 5.02 Departure of Director of Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. The Board of Directors (the "Board") of Belden Inc. (the "Company") has named Ashish Chand, formerly the Company's Executive Vice President, Industrial Automation, as President and Chief Executive Officer and as a member of the Board, effective immediately. Dr. Chand succeeds Roel Vestjens, who resigned as President and Chief Executive Officer and a member of the Board, effective as of February 22, 2023. Dr. Chand was appointed Executive Vice President, Industrial Automation in July 2019. Prior to that, he served as Managing Director, APAC from August 2017 to June 2019. Dr. Chand joined the Company in 2002 and has assumed positions of increasing responsibility in sales and marketing, operations, business development and general management since that time. Prior to joining the Company, Dr. Chand had experience in the oil and gas and non-ferrous metals segments. In connection with Dr. Chand's election as President and Chief Executive Officer, his annual base salary was set at $900,000, his target annual cash incentive was set at 120% of base salary and his target long term incentive was set at 400% of base salary. He will continue to receive the $250,000 housing allowance that was previously in place.
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