Nextdoor Holdings (KIND) just unveiled an announcement.
Sarah Friar is set to resign as CEO and Chairperson of the Board of a company, effective May 8, 2024, with a transition agreement providing her severance benefits. Subsequently, Nirav Tolia, a seasoned entrepreneur with a history of leadership roles, has been appointed as the new CEO, President, and Chairperson, effective the same date. Tolia’s compensation includes a $500,000 base salary, potential bonuses, and significant stock awards tied to the company’s performance, emphasizing his vested interest in the company’s growth and success.
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