Rollins, Inc. (ROL, Financial), a prominent player in the pest control industry, has announced significant leadership changes effective January 1, 2025. John F. Wilson, currently serving as Vice Chairman, will transition to the role of Executive Chairman of the Board of Directors. This strategic move was confirmed by the company's Board’s Human Capital and Compensation Committee on December 10, 2024.
In conjunction with his new role, Mr. Wilson will receive a grant of $500,000 in restricted stock, which will vest annually over a three-year period. The valuation of this stock is based on the closing price of Rollins' common stock on the New York Stock Exchange as of December 13, 2025. Additionally, Mr. Wilson's annual salary has been set at $600,000, effective from the start of the new year.
Furthermore, Gary W. Rollins will transition from his current position as Executive Chairman of the Board to Executive Chairman Emeritus. While Mr. Rollins' salary will remain unchanged for 2025, he will not be eligible for equity incentives or performance-based cash incentives starting January 1, 2025.
These leadership transitions and compensation adjustments reflect Rollins, Inc.'s commitment to strategic governance and effective management as it continues to navigate the competitive landscape of the pest control industry.
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