Gen Digital appoints Bryan Ko as COO and adopts new executive severance plan

Gen Digital Inc. (NASDAQ:GEN) announced that its board of directors appointed Bryan Ko, the company’s current Chief Legal Officer and Secretary, to the additional role of Chief Operating Officer, effective immediately as of Monday. According to a statement based on a Securities and Exchange Commission filing, there were no changes to Mr. Ko’s compensation arrangements in connection with this appointment, and his existing terms remain in effect.

The company also disclosed that on Monday, its board approved the adoption of the Gen Digital Inc. Executive Severance and Retention Plan. This new plan supersedes and replaces the company’s prior executive severance and retention plans in their entirety.

Under the new plan, named executive officers (NEOs) are entitled to severance benefits upon a qualifying termination. These benefits include cash severance equal to two times their base salary and two times their annual bonus opportunity at 100% of target, six months of outplacement services, an additional cash payment equal to 24 months of COBRA premiums if COBRA continuation coverage is elected, and prorated acceleration of performance-based restricted stock units, assuming target performance.

In the event of a qualifying termination in connection with a change in control, NEOs are entitled to similar multiples of base salary and target bonus, as well as full acceleration of outstanding equity awards, with performance-based awards vesting at the higher of actual performance or 100% of target.

The plan also provides that NEOs who meet the plan’s “Rule of 65” retirement criteria will receive continued vesting of time-based restricted stock units and prorated vesting of performance-based restricted stock units based on actual performance, for awards granted after the adoption of the plan.

The company stated that the plan includes customary provisions regarding compensation recovery, dispute resolution, and compliance with applicable sections of the Internal Revenue Code.

Gen Digital Inc.’s common stock and contingent value rights are listed on The Nasdaq Stock Market LLC under the symbols GEN and GENVR, respectively. The information in this article is based on a press release statement and the company’s filing with the SEC.

In other recent news, GenOn Energy Inc. reported strong financial results for the second quarter of 2025. The company achieved a revenue of 1.2 billion dollars, representing a 25% increase compared to the same period last year. Additionally, earnings per share (EPS) rose by 15% to 0.62 dollars. GenOn Energy has attributed this growth to its strategic focus on integrating AI into its operations, enhancing both efficiency and innovation. Furthermore, the company has updated its full-year revenue guidance, projecting between 4.92 billion and 4.97 billion dollars, which suggests a growth rate of 25-26%. These developments reflect GenOn Energy’s commitment to leveraging technology for improved performance and financial success.

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