Frontdoor announces retirement of chief accounting officer, appoints successor

Frontdoor , Inc. (NASDAQ:FTDR) reported in a press release statement that on Tuesday, Chastitie Brim, the company’s Vice President, Controller, and Chief Accounting Officer, notified the company of her intention to retire effective August 24, 2025. Following her retirement, Ms. Brim will serve in an advisory capacity until September 15, 2025. According to the company’s filing, her decision to retire was not the result of any disagreement with Frontdoor, its management, or its board of directors regarding operations, policies, or practices.

Frontdoor’s board has appointed Sally J. Shanks to succeed Ms. Brim as Vice President, Controller, and Chief Accounting Officer, effective August 25, 2025. Ms. Shanks, age 48, most recently served as Chief Accounting Officer at WillScot Holdings Corporation (NASDAQ:WSC), where she oversaw accounting, accounting operations, external reporting, and tax functions since 2017. Her previous experience includes senior financial roles at Merkle Inc. and Laureate Education (NASDAQ:LAUR), as well as early career experience at PricewaterhouseCoopers LLP. She holds a Bachelor of Science in Accounting from Providence College and is a Certified Public Accountant (inactive) in Connecticut.

Ms. Shanks’s compensation package includes an annual base salary of $395,000 and a target annual bonus opportunity equal to 50% of her base salary under Frontdoor’s Annual Incentive Plan. She will also receive annual equity-based awards under the company’s 2018 Omnibus Incentive Plan, subject to approval by the board’s compensation committee, beginning with the 2026 annual grant. In addition, she will receive a sign-on equity grant of $100,000 in restricted stock units, vesting in two equal annual installments, contingent on continued employment. Ms. Shanks will be eligible for the company’s executive severance policy and participate in health, welfare, and retirement benefits on the same basis as other employees.

This information is based on a press release statement included in a filing with the Securities and Exchange Commission.

In other recent news, Frontdoor, Inc. reported first-quarter earnings that exceeded analyst expectations, with adjusted earnings per share reaching $0.64, compared to the projected $0.44. The company’s revenue for the quarter was $426 million, surpassing the consensus estimate of $412.16 million and marking a 13% year-over-year increase. Following these results, Frontdoor raised its full-year 2025 guidance for both revenue and adjusted EBITDA, citing a strategic focus on growing and retaining warranty members. Goldman Sachs responded to this positive performance by raising its price target for Frontdoor’s stock to $44, up from $40, while maintaining a Sell rating. Additionally, Frontdoor announced the appointment of Dr. Bala Ganesh as Senior Vice President and Chief Technology Officer, effective July 14, 2025. Ganesh will step down from his position on the board of directors at the end of June. The company remains vigilant about tariffs and macroeconomic concerns, anticipating some cost inflation beyond normal levels, and is working on strategies to enhance margins.

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