Arq Appoints Shimon Steinmetz as EVP and CFO
Arq, Inc. announced the appointment of Shimon Steinmetz as Executive Vice President and Chief Financial Officer, bringing over two decades of corporate finance and operational leadership experience. CEO Bob Rasmus stated that Steinmetz's expertise is crucial for strengthening operational efficiency and financial leadership as Arq executes its growth strategy. In connection with his appointment, Mr. Steinmetz will receive inducement equity awards consisting of 250,000 restricted stock awards and 150,000 performance share units. Additionally, Stacia Hansen resigned from her role as Chief Accounting Officer, effective June 12, 2026, with the company clarifying her departure was not due to any disagreements.
Key Highlights
- Arq appointed Shimon Steinmetz as Executive Vice President and Chief Financial Officer.
- Mr. Steinmetz brings over two decades of corporate finance, capital markets, and operational leadership.
- He previously served as CFO at Finjan Holdings and Vesta, a global PE-backed FinTech.
- Mr. Steinmetz will receive inducement equity awards: 250,000 restricted stock awards (RSAs) and 150,000 performance share units (PSUs).
- RSAs vest 75,000 on the second anniversary and 175,000 on the third anniversary of the grant date.
- PSUs vest in three equal tranches of 50,000 upon common stock achieving VWAPs of $8.00, $10.00, and $15.00.
- Stacia Hansen resigned from her role as Chief Accounting Officer, effective June 12, 2026.
- Hansen's resignation was not due to any disagreement with the Company or its management.
Price Impact
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