Experienced finance executive to lead Latham Group’s financial operations

  • Oliver Gloe named Chief Financial Officer of Latham Group
  • Gloe to join as Vice President of Finance on Oct. 30
  • Gloe to assume role of CFO on Nov. 13
  • Gloe previously served as CFO of Fortune Brands Innovations
  • Gloe’s annual base salary to be $420,000 with a target bonus of 60%
  • Mark Borseth to remain as strategic adviser until end of the year

Factuality Level: 8
Justification: The article provides factual information about the appointment of Oliver Gloe as the next CFO of Latham Group, including his previous experience and salary details. There are no digressions or irrelevant information. However, the article lacks additional context or analysis, which prevents it from being a 10 in factuality.

Noise Level: 7
Justification: The article provides relevant information about the appointment of Oliver Gloe as the next CFO of Latham Group. However, it lacks in-depth analysis, scientific rigor, and intellectual honesty. It also does not provide any insights or solutions for the reader. The article stays on topic and supports its claims with information about Gloe’s previous experience and salary details. Overall, the article contains some noise and filler content, but it is still relatively informative.

Financial Relevance: Yes
Financial Markets Impacted: No

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: This news article pertains to the appointment of a new chief financial officer at Latham Group, a swimming-pool maker. It does not mention any financial events or extreme events.

Public Companies: Latham Group (null), Fortune Brands Innovations (null)
Private Companies:
Key People: Oliver Gloe (Chief Financial Officer), Mark Borseth (Interim Chief Financial Officer), Robert Masson (Departed Chief Financial Officer)

Latham Group, the swimming-pool maker based in Latham, N.Y., has announced the appointment of Oliver Gloe as its new Chief Financial Officer. Gloe, who previously served as the CFO of the outdoors and security business unit of Fortune Brands Innovations, will join Latham Group as Vice President of Finance on October 30 and assume the role of CFO on November 13. His annual base salary will be $420,000, with a target bonus of 60% of his base pay. Mark Borseth, who has been serving as interim CFO since March, will continue as a strategic adviser until the end of the year.