On Friday, the diversified manufacturer named Brian S. Cooper to replace interim CFO Braden Waverley on May 28. Waverly will remain acting CFO until Cooper joins the company next month. Cooper comes to Federal Signal by way of smaller telecommunications equipment maker Westell Technologies (NASDAQ: WSTL ) , where he has served as CFO since 2009.
In a filing with the SEC, Federal Signal describes Cooper's new compensation package thusly. He will receive:
- A base annual salary of $320,000.
- An annual bonus targeting 60% of base pay, but ranging as high as 120% ($384,000).
- A $308,000 equity grant.
- Assorted other, smaller benefits.
For its part, Westell has not yet announced a replacement for its departing executive.