Ghingo, 53, joined the leadership team in July 2024 and quickly ascended to the presidency. He now steps into the top executive slot to succeed Ettinger, a 30-year veteran of the firm who returned to the corner office last year to manage operations following the retirement of former CEO James Snee. Ettinger will retain his seat on the board of directors.

The company confirmed that Ghingo’s compensation package for the dual role includes a base salary of $1.28 million. Additionally, he is eligible for an annual performance bonus structured at a target of 150% of his base pay.