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George F. Chappelle Jr.

Chief Executive Officer at AMERICOLD REALTY TRUST
Board
Since February 2022
Age
63 years
Education
Earned a Bachelor of Science in Computer Science from Westfield State University and a Master’s in Business Management from Lesley University.
Tenure
Joined COLD as Interim CEO and Director in November 2021 and was promoted to permanent CEO in February 2022.

Also at AMERICOLD REALTY TRUST

JW
Jay Wells
Chief Financial Officer and Executive Vice President
MBV
M. Bryan Verbarendse
President, Americas
MS
Michael Spires
Executive Vice President and Chief Information Officer

About

George F. Chappelle Jr. has built an extensive career characterized by leadership roles in prominent companies, underpinned by a solid educational foundation. He earned a Bachelor of Science in Computer Science from Westfield State University and a Master’s in Business Management from Lesley University, reflecting his commitment to professional development.

He joined Americold Realty Trust (COLD) in November 2021 as Interim CEO and Director, swiftly transitioning to the permanent Chief Executive Officer position in February 2022. His tenure has been marked by significant strategic initiatives and operational improvements, ensuring effective leadership and growth within the company.

With over 41 years of professional experience and a demonstrated capacity for driving innovation across multiple industries, his career reflects a dedication to excellence in both operational execution and strategic planning. His objective approach continues to shape the path forward for COLD as the company navigates evolving market challenges.

$COLD Performance Under George F. Chappelle Jr.

Past Roles

OrganizationRoleDate RangeDetails
Apex International Director 2021 - 2024 Former board position
Americold Realty Trust, Inc. (COLD) Interim Chief Executive Officer Nov 2021 - Feb 2022 Transitional role before permanent CEO appointment
Flagstone Foods Chairman of the Board 2020 - 2022 Former board leadership
AGRO Merchants Group Chairman of the Board 2018 - 2020 Former board leadership
Tyson Foods (NYSE: TSN) Multiple Executive Roles 2017 - N/A Roles included Chief Corporate Services Officer, General Manager of Emerging Proteins, R&D and Logistics, COO of Prepared Foods, and Chief Integration Officer
AdvancePierre Foods Chief Operating Officer N/A Former COO role
Vi-Jon Chief Operating Officer N/A Former COO role
Solo Cup Company Chief Operating Officer N/A Former COO role
Sara Lee Foods (NYSE: SLE) Chief Supply Chain Officer and Chief Information Officer More than 4 years / N/A Former executive roles
HJ Heinz / Kraft Heinz Company (NASDAQ: KHC) Chief Information Officer 2002 - 2005 Former executive role

External Roles

OrganizationRoleDate RangeDetails
Real Good Foods Board Member Current Current board membership

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Salary$1,000,000 2024Fixed base salary
Stock Awards - RSU/OPU Value at Threshold$5,279,995 2024 grantRSU/OPU value at threshold level
All Other Compensation$418,681 2024401(k) Match: $10,350 ; Insurance: $19,694 ; Distributions & Dividend Equivalent: $386,287 ; Other Expenses: $2,350
Severance and Termination BenefitsN/AN/ANo severance or termination benefits provided

Performance Compensation

Data from  FY 2024

Non-Equity Incentive Plan Compensation

MetricValueNotes
Threshold$800,000 (50% of target) Annual incentive minimum payout
Target$1,600,000 (100% of target) Base annual incentive
Maximum$2,800,000 (175% of target) Cap on annual incentive
Core EBITDA Threshold$531.3M
Core EBITDA Target$625.1M
Core EBITDA Maximum$718.9M
Actual Core EBITDA$637.2M (101.9% of target) Drives payout multiplier
PayoutsCore EBITDA: $1,315,800 ; Individual Objectives: $438,600 ; Total: $1,754,400 Individual objectives weighted equally (33.3% each), overall 25% of opportunity
Vesting ScheduleN/APaid out annually based on performance

Performance RSU/OPU Awards

MetricValueNotes
Performance PeriodJan 1, 2024 – Dec 31, 2026 3-year performance cycle
Performance MetricTSR relative to MSCI U.S. REIT Index Determines award level
Threshold Level50% Award; 50,229 shares 25th percentile performance
Target Level100% Award; 100,457 shares; Fair Value: $2,527,498 50th percentile performance
Maximum Level200% Award; 200,914 shares 75th percentile performance
Vesting ScheduleAt end of period Contingent upon achieving TSR goals
Grant DateMarch 8, 2024 Date of award grant
Grant Date Stock PriceN/ANot provided