Meet Howard A. Friedman, the current CEO of Utz Brands, Inc. He took the helm in December 2022, bringing over 20 years of experience in the food industry. Before joining Utz, he was the Executive Vice President and Chief Operations...

Number of Employees

3.65K

Year

2023

Total Compensation

$1.74M

Salary

$850.00K

Board Justification

The compensation philosophy is designed to align the interests of executives with those of stockholders, focusing on performance-based pay and competitive compensation packages.

Bonus

$776.05K

Board Justification

The bonus is based on the achievement of specific performance milestones for the Company and the participants, calculated by multiplying the base salary by the individual’s target award percentage and the Company performance scores.

Other

$112.28K

Board Justification

Includes a lump sum annual stipend of $100,000 for travel and matching contributions under the 401(k) plan.

Restricted Stock

$0.00(0 N/A)

Board Justification

No stock grants vested in 2023 as the focus is on cash compensation and performance-based bonuses.

Performance Metrics

The performance metrics include Adjusted EBITDA, Net Sales, and individual performance factors.

SEC Filing

From March 14, 2024

Howard A. Friedman

CEO of Utz Brands

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Education

Bachelor's degree in Business from the University of Michigan

Field of Expertise

Business & Management

Born

May 15, 1971 - 53 years ago

Is Founder?

No

Current Tenure

2 years 0 months (Dec 2022 - Present)

Previous Experience

Executive Vice President and Chief Operations Officer of Post Holdings, Inc.