Pall Corporation (
recently announced that it has entrusted Akhil Johri with the
responsibilities of its Chief Financial Officer (CFO), replacing
Lisa McDermott who resigned on March 10. Meanwhile, Pall's
President and CEO Larry Kingsley has been working as the interim
CFO and will continue to do so until Johri takes charge.
Currently, Akhil Johri is serving as the CFO of
United Technologies Corp.
) and is due to beginhis tenure at Pall on May 1, 2013. Johri has
worked at United Technologies for 26 years and most recently was
the CFO of its propulsion and aerospace systems business
Johri is a chartered accountant and a graduate from Indian
Institute of Management, and has gathered rich experience working
in various executive positions of multiple responsibilities.
Along with operational and financial strategic restructuring,
Johri has also proved himself in various other aspects of
business development programs and handling investor
According to a SEC filling, Johri's annual base salary will be
$550,000. His compensation package will include a senior
executive bonus amounting to 80% to 120% of his base salary. In
addition, he will receive a $300,000 signing bonus and $1.5
million in restricted stock units and stock options.
In the last reported quarter, Pall missed the Zacks Earnings
Estimates by 2.37%, while its peers
Calgon Carbon Corporation
) performed relatively better, reporting earnings in line with
the Zacks Consensus Estimates. In such a scenario, Pall's
President and CEO Larry Kingsley appears to be extremely
optimistic about Johri's appointment. His experience in aerospace
systems business will stand him in good stead and is likely to
improve Pall's performance, especially in the Aerospace
Pall currently has a Zacks Rank #3 (Hold).
CALGON CARBON (CCC): Free Stock Analysis
CECO ENVIRNMNTL (CECE): Free Stock Analysis
PALL CORP (PLL): Free Stock Analysis Report
UTD TECHS CORP (UTX): Free Stock Analysis
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