Management ChangeAug 4, 2026, 05:03 PM
Fuel Tech Appoints Ramesh Nuggihalli as CEO; Arnone Retires
AI Summary
Fuel Tech, Inc. announced the retirement and resignation of Vincent J. Arnone as Chief Executive Officer and President, effective August 10, 2026. Mr. Arnone will continue to serve on the Board of Directors and assist with the transition until September 15, 2026. The company has appointed Ramesh Nuggihalli as the new Chief Executive Officer and President, effective August 10, 2026, following an extensive executive search. Mr. Nuggihalli's compensation includes an initial base salary of $440,000 and a grant of 300,000 Restricted Stock Units.
Key Highlights
- Vincent J. Arnone retired and resigned as CEO and President, effective August 10, 2026.
- Mr. Arnone will remain an employee until September 15, 2026, for transition.
- Ramesh Nuggihalli appointed Chief Executive Officer and President, effective August 10, 2026.
- Mr. Nuggihalli previously served as President and COO of CECO Environmental.
- New CEO's initial annualized base salary is $440,000.
- Eligible for a target short-term incentive of 75% of base salary starting FY2027.
- Eligible for a target long-term incentive of 100% of base salary starting FY2027.
- Granted a one-time award of 300,000 Restricted Stock Units (RSUs) vesting over three years.
Price Impact
More from FTEK