Management ChangeAug 12, 2026, 08:52 AM
Rimini Street Appoints Keith C. Costello as EVP and COO
AI Summary
Rimini Street, Inc. announced the appointment of Keith C. Costello, age 60, as its Executive Vice President and Chief Operating Officer, effective August 17, 2026. Mr. Costello brings over 30 years of experience in technology, including senior roles at DXC Technology, IBM, SAP SE, and Oracle. His compensation package includes an annual base salary of $460,000, a target annual incentive compensation of 81.74% of his salary, and onboarding equity awards of 150,000 stock options and 150,000 restricted stock units, vesting over three years. The offer letter also details severance provisions.
Key Highlights
- Rimini Street appointed Keith C. Costello as Executive Vice President and Chief Operating Officer.
- Mr. Costello's appointment is effective as of August 17, 2026.
- His annual base salary is set at $460,000.
- Target annual incentive compensation is 81.74% of his annual salary.
- He will receive 150,000 stock options and 150,000 restricted stock units (RSUs).
- Equity awards vest in equal installments over three years from the Grant Date.
- Severance provisions are outlined for termination without cause or for good reason.
Price Impact
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