Fuel Tech, Inc. announced that CEO and President Vincent J. Arnone will retire from executive roles effective August 10, 2026, remaining as an employee through September 15 to assist the transition. The Board appointed Ramesh Nuggihalli as the new CEO and President, also effective August 10. Nuggihalli receives a $440,000 base salary, a target short-term incentive of 75% of salary, and an initial grant of 300,000 RSUs vesting over three years. He is entitled to severance equal to 12 months' salary upon termination without cause or for good reason within the first 36 months. Fuel Tech operates in the environmental technology industry, providing air pollution control systems and services.
