Kaman Names New CFO

Bloomfield, Conn.-based Kaman Corporation (NYSE: KAMN  ) will have a new Chief Financial Officer soon.

On Thursday, the aircraft parts-maker announced that when current CFO William C. Denninger retires on June 30, he will quickly be succeeded (the very next day, in fact) by newly promoted Senior Vice President and CFO Robert D. Starr.

Starr, who currently serves as Vice President and Treasurer, joined Kaman four years ago. Since then, as Chief Executive Officer Neal Keating avers, Starr "has effectively led [Kaman] through a number of capital market transactions and transformed the administration and investment policy of [the company's] pension plan."

According to information contained in a company filing with the SEC, once Starr takes over as CFO in July, he will receive a base salary of $280,000, plus:

  • an annual bonus targeted at 40% of base salary
  • participation in Kaman's Long-Term Incentive Program, with an award approximating 90% of base salary
  • other assorted benefits

Kaman shares declined 2.2% in Thursday trading, closing at $32.54.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2372585, ~/Articles/ArticleHandler.aspx, 12/20/2014 12:17:45 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement