Blackbaud names Chad Anderson CFO, succeeding Tony Boor effective April 30, 2025
Blackbaud announced that Chad Anderson, previously its chief accounting officer, is now executive vice president and chief financial officer, replacing Anthony Boor, who had been CFO for 14 years and moves to executive vice president of corporate development and strategy. The change is effective April 30, 2025, and Boor will remain on the executive leadership team. The filing discloses Anderson's new salary and equity terms, and a change-in-control retention agreement.
Key points
- Chad Anderson becomes EVP and CFO effective April 30, 2025, and also assumes the Principal Financial and Accounting Officer role.
- Anderson's annual salary is $425,000 and his incentive equity bonus target is 75% of salary, both effective May 1, 2025.
- Anderson is to receive a one-time restricted stock grant valued at $700,000 in May 2025, subject to Board approval, vesting in three equal annual installments.
- If Anderson is terminated within 12 months after a change in control, the filing says he would receive 1.5 times base salary, equity acceleration and up to 12 months of COBRA premium reimbursement.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:56 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 30, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.