On August 21, Ecovyst Inc.'s board named Laurie Bergman as Vice President, CFO and Treasurer effective August 24, replacing Michael Feehan, who has run the finance function since August 2021. Feehan will stay through September 30 to hand off duties, and because his departure counts as a "without cause" termination, he's entitled to a substantial severance package — two years of salary plus target bonus, a pro-rated 2026 incentive payout, and up to 24 months of subsidized health coverage — while his performance stock units remain outstanding with a pro rata portion eligible to vest based on actual results. Bergman, 49, arrives from Legacy Food Group, where she served as CFO, with earlier stints as CFO of Liquid Environmental Solutions and in accounting leadership at UGI Corporation. Her offer letter lays out a $470,000 salary, a target bonus equal to 70% of salary, annual equity awards targeted between $600,000 and $650,000, a $250,000 cash sign-on payment, and a $450,000 restricted stock award that vests fully after three years.
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