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Village Farms International (VFF) just unveiled an announcement.
Village Farms, L.P. has secured a new employment agreement with CEO Michael A. DeGiglio, starting August 15, 2024, with the potential to automatically extend beyond the initial three-year term. The contract assures DeGiglio a base salary with possible increases, performance-based bonuses, and standard executive benefits. Additionally, it includes protective clauses for the company and outlines generous severance terms should DeGiglio leave under specific conditions.
Learn more about VFF stock on TipRanks’ Stock Analysis page.