2026-07-01
Scotts Miracle-Gro announced a CEO change: Nathan E. Baxter, previously COO, becomes President and CEO effective June 26, 2026, and joins the board. Former CEO James Hagedorn, who held the role since 2001, has resigned from the board, and Lead Independent Director Peter Shumlin becomes Chairman. Baxter's compensation includes a $1.1M base salary, a 150% target bonus, a $5.25M LTIP target, and a true-up RSU grant of $2M. Hagedorn's separation package includes $17.4M paid over twelve months, $500K for airplane support, $150K for administrative support, and $3.6M over three years for non-compete covenants.
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