Employment Offer Letter between Information Services Group, Inc. and David Whitmore (Compass CEO Appointment)
This letter from Information Services Group, Inc. (ISG) to David Whitmore confirms his employment as CEO of Compass and Vice Chairman of ISG, effective upon the closing of a planned acquisition. Mr. Whitmore will be responsible for executing the Compass Business Plan, leading integration efforts, and supporting ISG's overall success. His compensation includes a base salary of £244,000 per year and a target annual incentive of £190,000 for 2011. The letter outlines ISG's expectations and welcomes Mr. Whitmore to the team.
Exhibit 10.1
| Michael P. Connors |
| Chairman and |
| Chief Executive Officer |
PERSONAL AND CONFIDENTIAL
19 November, 2010
Mr. David Whitmore
CEO Compass
United Kingdom
Dear David:
Over the last several months, we have discussed at length the potential power of the combining of Compass and TPI within ISG. As well, we have also discussed in some detail our shared view of how that combination would drive significant shareholder value. As we are now on the threshold of executing our joint acquisition plans, I wanted to confirm your employment details.
At the closing of the transaction you will become Compass CEO and Vice Chairman of ISG. You will be responsible for the development and execution of the Compass Business Plan we have agreed on, lead our Go-to-Market integration plans and help drive success across ISG.
Your base salary will be 244,000 GBP annually with a target Annual Incentive Plan (AIP) opportunity of 190,000 GBP for 2011 for a total annual cash opportunity of 434,000 GBP.
David, as we discussed, our vision at ISG is to build an industry-leading, information-based services company. We are convinced that under your leadership Compass will exceed expectations and help accelerate our progress toward achieving this vision. We are still in the early stages of execution of our vision and with your financial, operational and consulting experience I know you will make significant contributions to our success.
We look forward to you joining the ISG Team!
Sincerely,
Information Services Group, Inc. | t: 203 ###-###-#### |
Two Stamford Plaza | f: 203 ###-###-#### |
281 Tresser Boulevard, Stamford, CT 06901 | www.informationsg.com |