Petco Health and Wellness Company (WOOF) just unveiled an announcement.
R. Michael Mohan has been appointed as the interim CEO of the Company, effective March 13, 2024, following Ronald V. Coughlin Jr.’s departure, which was not due to any internal disagreements. Mohan, with a rich history at Best Buy and other retail leadership roles, will earn a base salary of $1.1 million, with additional bonuses and equity awards, and continue to serve on the Board, despite stepping down from his previous positions within it. Meanwhile, Coughlin will assist with the transition and act as a consultant for a year, receiving a monthly fee. The Company also plans to discuss its financial results in a scheduled webcast.
Find detailed analytics on WOOF stock on TipRanks’ Stock Analysis page.
