* Says CFO Howard Naphtali to retire in Feb
* Names Steven Vigliotti as new CFO
Dec 28 (Reuters) - U.S. agency broker Investment Technology Group Inc said its Chief Financial Officer Howard Naphtali will retire on Feb. 3, and will be replaced by Steven Vigliotti the same day.
Vigliotti, who is currently CFO of NYFIX a unit of NYSE Technologies, will provide transitional consulting services to his current employer, through November 2010, the company said in a regulatory filing.
Naphtali is discussing the terms of a separation agreement, it said.
Vigliotti will be paid an annual base salary of $500,000 and a minimum bonus of $750,000 in 2010, with a bonus target of $1,000,000, a portion of which may be paid in restricted stock units, Investment Technology said.
The company said Vigliotti will get an initial restricted stock unit with a value of $500,000 based on the fair market value of its stock on the first day of his employment which shall vest in full on the third anniversary of his employment date.
Shares of the company closed at $19.87 Monday on the New York Stock Exchange.
(Reporting by Archana Shankar in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: INVESTMENTTECHNOLOGY/ (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
* Names Steven Vigliotti as new CFO
Dec 28 (Reuters) - U.S. agency broker Investment Technology Group Inc said its Chief Financial Officer Howard Naphtali will retire on Feb. 3, and will be replaced by Steven Vigliotti the same day.
Vigliotti, who is currently CFO of NYFIX a unit of NYSE Technologies, will provide transitional consulting services to his current employer, through November 2010, the company said in a regulatory filing.
Naphtali is discussing the terms of a separation agreement, it said.
Vigliotti will be paid an annual base salary of $500,000 and a minimum bonus of $750,000 in 2010, with a bonus target of $1,000,000, a portion of which may be paid in restricted stock units, Investment Technology said.
The company said Vigliotti will get an initial restricted stock unit with a value of $500,000 based on the fair market value of its stock on the first day of his employment which shall vest in full on the third anniversary of his employment date.
Shares of the company closed at $19.87 Monday on the New York Stock Exchange.
(Reporting by Archana Shankar in Bangalore; Editing by Jarshad Kakkrakandy) Keywords: INVESTMENTTECHNOLOGY/ (archana.shankar@thomsonreuters.com; within U.S +1 646 223 8780; Outside U.S +91 080 4135 5800; Reuters messaging: archana.shankar.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.