Clement will receive an annual base salary of $375,000 for his role as finance chief as well as an annual target bonus opportunity equal to 50% of that base, according to the Wednesday filing. He will also receive a one-time cash bonus of $200,000 “upon the Company’s achievement of certain strategic objectives,”which will not be paid out if the objectives are not met.
Prior to joining SelectQuote, Clement served as CFO for logistics software firm Sifted, formerly VeriShip, and has also held financial executive roles at other companies including independent investment advisor Financial Engines and The Mutual Fund Store, according to his LinkedIn profile.
SelectQuote is one among several companies that has recently looked within for financial leadership; as well as Cargill, shoe retailer Foot Locker recently announced it had appointed Robert Higginbotham, its SVP of investor relations and financial planning and analysis, to serve as its interim CFO following the departure of its present finance chief effective March 1.
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