Innventure Inc. said its subsidiary, Innventure LLC, entered into employment letter agreements on Feb. 16, 2026 with Executive Chairman Michael Otworth and Chief Strategy Officer Dr. John Scott, replacing their prior consulting arrangements. The company said both executives will continue in their roles and that their base salary, target annual bonus opportunity, and long-term equity incentive opportunities will remain materially consistent with what they received under the terminated consulting agreements, while becoming eligible to participate in employee benefit plans and programs.

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