Federal Signal names Mark Weber chief operating officer effective January 15, 2018
Federal Signal appointed Mark D. Weber, 60, as Senior Vice President and Chief Operating Officer, effective January 15, 2018, and set his pay terms in an employment letter. Samuel E. Miceli, a named executive officer, resigned as a principal officer effective the same day and moves to a vice president and general manager role at a subsidiary. The filing describes executive compensation and role changes but does not include financial results.
- Mark D. Weber, 60, rejoins as SVP and COO effective January 15, 2018, after serving as President and CEO of Supreme Industries until its sale to Wabash National completed September 27, 2017.
- Weber's base salary is $450,000, with an annual cash bonus target of 65% of salary capped at 130%, and a long-term equity award target value of about $500,000 beginning in 2018, subject to committee approval.
- Samuel E. Miceli resigned as a principal officer effective January 15, 2018, and becomes Vice President and General Manager of Vactor Manufacturing, Inc.; his base salary stays at $291,748.