Please ensure Javascript is enabled for purposes of website accessibility

Kaman Names New CFO

By Rich Smith - Apr 18, 2013 at 10:51PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

When William Denninger retires in June, Robert Starr will take over.

Bloomfield, Conn.-based Kaman Corporation (KAMN -2.14%) 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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Kaman Corporation Stock Quote
Kaman Corporation
KAMN
$32.92 (-2.14%) $0.72

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
331%
 
S&P 500 Returns
115%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/20/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.