Research Reports

Key takeaways

Alessandro Perucchetti's employment terminated on March 31, 2026, following his step down from the EVP role effective January 1, 2026.

Mr. Perucchetti will receive total consideration payments of $2,997,560, paid in two installments.

He is eligible for a pro-rata 2026 annual incentive award under the Executive Performance Excellence Plan, determined in February 2027.

All payments are contingent upon compliance with a two-year non-compete, non-solicit, and confidentiality obligations.

The separation is part of the Company's ongoing talent planning process as previously reported in November 2025.

Full analysis

Alessandro Perucchetti, former Executive Vice President and President of Whirlpool North America, entered into a Waiver and Release Agreement with Whirlpool Corporation following his previously announced departure from the executive officer role. His employment officially terminated on March 31, 2026. The agreement provides for substantial separation consideration totaling approximately $3.0 million, structured as two equal lump-sum payments of $1,481,780 each, supplemented by a $24,000 COBRA contribution and a $10,000 benefits payment. Mr. Perucchetti remains eligible for a pro-rated 2026 bonus under the Executive Performance Excellence Plan, subject to Company performance determinations in early 2027. The agreement enforces standard restrictive covenants, including confidentiality, non-solicitation, and non-compete obligations for two years post-termination, with specific clawback provisions requiring repayment of 75% of consideration received in the event of a breach.

WHR · Whirlpool Corporation

Summary

Key takeaways

Full analysis