Management ChangeApr 9, 2026, 06:06 AM
Wabash National SVP, Chief Growth Officer Michael N. Pettit Transitions to Senior Advisor Role Ahead of Q3 2026 Departure
AI Summary
Wabash National Corporation announced a transition agreement with Michael N. Pettit, its Senior Vice President, Chief Growth Officer. Effective April 8, 2026, Mr. Pettit resigned from his officer role and will serve as a non-executive Senior Advisor to the CEO during a transition period. His employment is slated to terminate on a selected date in the third quarter of 2026. During this transition, Mr. Pettit will continue to receive his base salary and vest in outstanding equity awards, while remaining eligible for a pro-rated 2026 annual incentive.
Key Highlights
- Michael N. Pettit resigned from his position as Senior Vice President, Chief Growth Officer, and other executive officer roles, effective April 8, 2026.
- Mr. Pettit will transition to a non-executive Senior Advisor role, providing services as requested by the CEO during the transition period.
- His employment with Wabash National is scheduled to terminate on a date in the third quarter of 2026, to be selected by the CEO.
- During the transition period (April 8, 2026, until separation), Mr. Pettit will continue to receive his base salary at the annual rate in effect on the Effective Date.
- He will remain eligible for a Pro-Rated Annual Incentive for 2026, calculated based on service until the Separation Date, and will continue to vest in all outstanding equity awards.
- The termination of employment on the Separation Date will be deemed 'without Cause' for purposes of the Company’s Executive Severance Plan (ESP), entitling him to benefits under Section 4(a) and (b) of the ESP.
Price Impact
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