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John Bean Technologies (JBT) has shared an update.
John Bean Technologies Corporation is enhancing Executive Vice President Augusto Rizzolo’s responsibilities to oversee the integration of a potential merger with Marel hf., offering him an additional $75,000 bonus and a $250,000 success bonus tied to integration performance. While still maintaining his current role, some duties will be delegated to facilitate his focus on the merger, expected to finalize by the end of 2024, pending shareholder and regulatory approval.
For a thorough assessment of JBT stock, go to TipRanks’ Stock Analysis page.