Management ChangeApr 7, 2026, 05:21 PM
Consolidated Water Promotes Douglas Vizzini to EVP and Chief Accounting Officer with $350,000 Base Salary
AI Summary
Consolidated Water Co. Ltd. (CWCO) announced the promotion of Douglas Vizzini from Vice President of Finance to Executive Vice President and Chief Accounting Officer, effective April 1, 2026. The company entered into an employment agreement with Mr. Vizzini, outlining a term through December 31, 2027, with provisions for annual extensions. His compensation package includes a base salary of $350,000, a monthly automobile allowance, and eligibility for short-term incentive compensation targeted at 25% of his base salary. This move solidifies key leadership within the finance department, ensuring continuity and strategic oversight of the company's accounting functions.
Key Highlights
- Douglas Vizzini was promoted from Vice President of Finance to Executive Vice President and Chief Accounting Officer, effective April 1, 2026.
- The employment agreement for Mr. Vizzini has an initial term from April 1, 2026, through December 31, 2027.
- Mr. Vizzini's annual base salary is set at $350,000, subject to annual review but not reduction.
- He is eligible for annual short-term incentive compensation targeted at 25% of his base salary, based on company performance.
- Mr. Vizzini will receive a monthly automobile expense allowance of $1,750, increasing by $50 annually.
- In the event of non-extension, Mr. Vizzini is entitled to a lump-sum severance payment equal to his then-current annual base salary.
Price Impact
More from CWCO