Leadership & Pay ·
Cadiz Inc. announced a leadership transition as Chief Financial Officer Stanley E. Speer will retire on September 1…
CDZIPCadiz Inc
Cadiz Inc. announced a leadership transition as Chief Financial Officer Stanley E. Speer will retire on September 1, 2026, and serve as an advisor through December 31, 2026. Jacinto J. Hernandez, currently Executive Vice President of Finance, will succeed Speer as CFO, Principal Financial Officer, Principal Accounting Officer, and Secretary effective September 1, 2026. Hernandez's compensation includes a $400,000 annual base salary, a 100% target cash bonus, and inducement awards consisting of 800,000 restricted stock units and 800,000 performance stock units. Speer's separation agreement includes a monthly advisory fee of $10,000 and specific RSU acceleration terms. Cadiz Inc. is a water solutions and natural resources company providing water supply, storage, and treatment in the Southwest.