BellRing Brands (BRBR) announced on July 8, 2026, that after a comprehensive external search, its board appointed Michael Axelrod as President and CEO, effective July 29, 2026. Incumbent CEO Darcy H. Davenport will retire and become an advisor. Axelrod’s compensation includes a $1 million base salary, a target annual bonus equal to 100% of base, a $4.75 million equity grant (40% restricted stock units, 60% performance-based units), and a severance agreement providing 2x base salary plus bonus in a non-change-of-control termination, or 3x in a change-of-control scenario.
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