Celanese CEO Employment Compensation Agreement with Scott Richardson (Effective January 1, 2025)
Celanese has offered Scott Richardson the position of President & CEO, effective January 1, 2025, based in Irving, Texas. The agreement outlines an annual base salary of $1,150,000, a target bonus equal to 125% of the base salary, and a long-term incentive (LTI) award of $7,500,000 to be granted in February 2025. Scott Richardson is to report to the Board of Directors. The agreement becomes effective upon his acceptance and countersignature.
Exhibit 10.1
December 9, 2024
To: Scott Richardson
We are excited to offer you this compensation package given your new role within Celanese, and we look forward to the contributions you will continue to make in your new position.
Your position will be President & CEO based in Irving, Texas, reporting to the Board of Directors.
Details of the offer are as outlined below:
| Annual Base Salary: | $1,150,000.00 USD |
| Target Bonus: | 125% of Base Salary |
| LTI Target: | $7,500,000.00 USD (to be granted in February 2025 as part of the Annual LTI cycle) |
| Effective Date: | January 1, 2025 |
Congratulations! If these provisions are agreeable to you, please countersign below and return to me at your earliest convenience.
Sincerely,
| /s/ Vanessa Dupuis | |
| Vanessa Dupuis | |
| SVP, Chief Human Resources Officer |
Acknowledged and Agreed:
| Signature: | /s/ Scott Richardson | Date: | 12/9/2024 | |
| Scott Richardson |
