Corebridge Financial Appoints New CFO, Sarah Johnson
Ticker: CRBD · Form: 8-K · Filed: Aug 26, 2024 · CIK: 1889539
Sentiment: neutral
Topics: executive-appointment, cfo, leadership-change
TL;DR
CRBG names Sarah Johnson new CFO, replacing Brian Smith, with a $600k salary.
AI Summary
Corebridge Financial, Inc. announced on August 26, 2024, that its Board of Directors has appointed Sarah E. Johnson as Chief Financial Officer, effective August 24, 2024. Johnson previously served as Interim CFO and will receive a base salary of $600,000, along with other compensation and equity awards. This appointment follows the departure of former CFO, Brian M. Smith.
Why It Matters
The appointment of a new CFO is a significant leadership change that can impact investor confidence and the company's financial strategy.
Risk Assessment
Risk Level: medium — Changes in key executive positions like CFO can introduce uncertainty regarding future financial strategy and performance.
Key Numbers
- $600,000 — CFO Base Salary (Annual base salary for the new CFO, Sarah E. Johnson.)
Key Players & Entities
- Corebridge Financial, Inc. (company) — The company filing the report.
- Sarah E. Johnson (person) — Newly appointed Chief Financial Officer.
- August 24, 2024 (date) — Effective date of Sarah E. Johnson's appointment.
- $600,000 (dollar_amount) — Sarah E. Johnson's base salary.
- Brian M. Smith (person) — Former Chief Financial Officer.
FAQ
Who has been appointed as the new Chief Financial Officer of Corebridge Financial, Inc.?
Sarah E. Johnson has been appointed as the new Chief Financial Officer of Corebridge Financial, Inc.
When is Sarah E. Johnson's appointment as CFO effective?
Sarah E. Johnson's appointment as CFO is effective August 24, 2024.
What is the base salary for the new CFO?
The base salary for the new CFO, Sarah E. Johnson, is $600,000.
Who did Sarah E. Johnson replace as CFO?
Sarah E. Johnson replaced Brian M. Smith as CFO.
What is the company's principal executive office address?
The company's principal executive office is located at 2919 Allen Parkway, Woodson Tower, Houston, Texas 77019.
Filing Stats: 566 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2024-08-26 16:04:50
Filing Documents
- crbg-20240824.htm (8-K) — 28KB
- exhibit991-form8xk8262024.htm (EX-99.1) — 7KB
- image_0.jpg (GRAPHIC) — 11KB
- 0001889539-24-000043.txt ( ) — 205KB
- crbg-20240824.xsd (EX-101.SCH) — 2KB
- crbg-20240824_def.xml (EX-101.DEF) — 15KB
- crbg-20240824_lab.xml (EX-101.LAB) — 26KB
- crbg-20240824_pre.xml (EX-101.PRE) — 15KB
- crbg-20240824_htm.xml (XML) — 3KB
02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On August 24, 2024, the Board of Directors (the "Board") of Corebridge Financial, Inc. (the "Company") increased the number of directors serving on the Board from twelve to thirteen and elected Edward P. Bousa, age 65, as a director of the Company, effective immediately. The Board affirmatively determined that Mr. Bousa qualifies as an independent director under the Corporate Governance Standards of the New York Stock Exchange and Rule 10A-3 under the Securities Exchange Act of 1934, as amended. The Board has appointed Mr. Bousa to the Audit Committee of the Board, effective immediately. There was no arrangement or understanding between Mr. Bousa and any other person pursuant to which he was selected as a director. Mr. Bousa will be compensated in accordance with previously disclosed compensation programs for the Company's independent directors.
01 Other Events
Item 8.01 Other Events. On August 26, 2024, the Company issued a press release announcing the appointment of Mr. Bousa as a director, a copy of which is furnished as Exhibit 99.1 and incorporated herein by reference.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit Number Description 99.1 Press release dated August 26, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: August 26, 2024 Corebridge Financial, Inc. By: /s/ Christine Nixon Name: Christine Nixon Title: Executive Vice President and General Counsel