Mr. Anderson has some additional duties in the C-Suite at Nielsen.
Anderson, who took the Chief Financial Officer at Nielsen some six months ago, has tacked on an additional C-Suite title and added other tasks to his day-to-day duties at the nation’s dominant audience measurement company.
In addition to CFO, he’s now COO.
Nielsen revealed the news in an 8-K filing made with the SEC on Monday (3/4).
The change came on March 1.
Anderson is entitled to receive grants of long-term incentive awards consisting of (i) a grant of performance-based RSUs (“ PRSUs ”) under the company’s Long-Term Performance Plan, which will vest at the end of a three-year performance period commencing January 1, 2019 depending upon the achievement of certain performance goals and (ii) a grant of restricted stock units (“ RSUs ”), which will vest in four equal annual installments following the grant date, subject, in each case, to Mr. Anderson’s employment through the applicable vesting dates.
In connection with his appointment to the additional role of Chief Operating Officer, the PRSU grant was increased from having a grant date fair market value of $1.35 million to $1.65 million and the RSU grant was increased from having a grant date fair market value of $900,000 to $1.1 million. The PRSUs and RSUs were granted on Friday (3/1).
Before joining Nielsen in September, Anderson spent 11 years as SVP/CFO of Honeywell International. There, he was instrumental in increasing revenue, margin expansion and reshaping the company’s portfolio.
Anderson takes COO duties held by Steve Hasker until November 2017.