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Appian’s Audit Committee Chair Resigns, Top Lawyer Awarded $1 Million Bonus
Resignation follows the workflow automation firm generously awarding its auditor a nearly 20% raise.
November 5, 2022
In its latest quarterly filing, Appian (APPN), a low code workflow automation platform, offered no explanation for the departure of its Board Audit Committee Chair, Mike Devine. Devine, 69 years old, informed the company November 1st of his intent to resign December 31, 2022. He was an audit partner at Arthur Andersen and Deloitte and is being replaced by Shirley Edwards, a former partner at EY.
The company’s auditor, BDO, was awarded a 19.9% raise in 2021.
Separately, the company also gave General Counsel Chris Winters a $1 million bonus for his “outstanding leadership” of the legal department. The bonus is more than Winters earned in total compensation the prior two years combined.
Appian won a $2 billion jury verdict against Pegasystems (PEGA) for the theft of trade secrets.
Related: PEGA, PATH, IBM, NOW, MSFT, CRM, ORCL
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