Core & Main names Michael Huebert President; Jack Schaller moves to executive vice president
Core & Main appointed Michael Huebert, formerly executive vice president of sales at Advanced Drainage Systems, as President effective July 5, 2024, with employment expected to start July 22, 2024. Jack Schaller stepped down from the president role leading waterworks and became executive vice president, while Brad Cowles expanded his role to lead waterworks. The filing describes these as succession-planning changes and does not report any financial results.
- Michael Huebert appointed President effective July 5, 2024; he is expected to start July 22, 2024
- Huebert's employment agreement sets a $450,000 annual salary and a bonus of up to 75% of salary if performance targets are met
- Huebert's initial equity awards include options and RSUs with aggregate fair values of $506,250 and $168,750 (annual) plus $500,000 each in options and RSUs (additional awards)
- Jack Schaller moves to executive vice president; Brad Cowles takes on the waterworks product line