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Life Time Group Holdings (LTH) just unveiled an update.
Erik Weaver has been appointed as the Executive Vice President & Chief Financial Officer of the Company, effective August 1, 2024, after serving as the Interim CFO since the beginning of the year. With over two decades at the company and a series of progressively responsible roles, Weaver’s appointment comes with a $500,000 annual salary, up to $300,000 in annual incentives, and 15,000 restricted stock units. Additionally, he has a safety net through an employment agreement that ensures a payout and stock vesting should his tenure end under certain conditions. This strategic move was announced to the public via a press release on the same day his appointment became effective.
See more insights into LTH stock on TipRanks’ Stock Analysis page.