What changed
Joseph Podwika will step down as Chief Legal Officer effective November 9, 2026, upon the appointment of successor Ignacio Walker. Podwika will transition to Senior Advisor to the Chief Executive Officer until his retirement on November 5, 2027. Effective January 1, 2027, his annual base salary rate will be reduced to $240,000, and he will no longer be eligible for an annual bonus under the annual incentive plan for the 2027 performance year or to receive annual equity awards in 2027.
Why it matters
Joseph Podwika will step down as Chief Legal Officer effective November 9, 2026, upon the appointment of successor Ignacio Walker. Podwika will transition to Senior Advisor to the Chief Executive Offi