CDW Corporation (CDW, Financial) has announced a significant leadership transition involving Christina M. Corley, the company's current Chief Commercial and Operating Officer. Effective October 25, 2024, Ms. Corley will transition to the role of President, International and Vice Chair of the company. In this new capacity, she will be responsible for overseeing CDW's international strategy and businesses until December 31, 2025.
Following this period, from January 1, 2026, through December 31, 2026, Ms. Corley will serve as Executive Advisor to CDW. During her tenure as Executive Advisor, she will focus on key areas critical to accelerating the company's growth strategy, including customer and partner strategy, mergers and acquisitions (M&A), and leadership development and coaching. Ms. Corley is expected to retire from CDW at the end of this advisory term.
As part of the transition, CDW and Ms. Corley have entered into a letter agreement outlining the terms of her continued service. While serving as President, International and Vice Chair, her compensation will remain unchanged. However, during her time as Executive Advisor, Ms. Corley will receive an annual base salary of $60,000, along with a cash bonus of $500,000, payable in equal installments in June and December 2026. Additionally, she will be granted a restricted stock unit award valued at $1,000,000, which will vest at the end of her advisory term, contingent upon her continued employment.
In the event of termination by CDW without cause on or after January 1, 2026, Ms. Corley will be entitled to full payment of the cash bonus and full vesting of the restricted stock unit award. Furthermore, she will no longer have the right to terminate employment due to Good Reason under her Compensation Protection Agreement, and she will cease to be eligible for severance benefits, except for certain continued medical plan access if terminated other than for cause.
This leadership transition is part of CDW's strategic efforts to enhance its international operations and growth initiatives. The company issued a press release on October 25, 2024, to announce these changes.
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