1847 Holdings LLC (NYSE American:EFSH), a management consulting services firm, has announced the appointment of Eric Vandam as its Chief Operating Officer effective August 16, 2024.
With 30 years of operational leadership experience, Vandam's career includes a longstanding relationship with Toyota (NYSE:TM), where he implemented the Toyota Production System across various industries.
His tenure also includes founding VanDam Consulting, LLC, and holding executive positions at Crenlo, LLC, and Heritage Home Group, LLC. Vandam has also served in various capacities at Herman Miller, Inc. He holds a B.S. degree in Business Management from the University of Phoenix.
According to the filing, Vandam's employment agreement, dated July 29, 2024, includes an annual base salary of $300,000 and the potential for an annual incentive bonus up to 50% of his base salary, contingent on earnings targets set by the board of directors.
In other recent news, 1847 Holdings LLC, a New York-based management consulting services firm, had to adjourn its 2024 annual meeting of shareholders due to a lack of quorum. The meeting, which was initially scheduled, was convened but could not proceed with its agenda as not enough common shares were present or represented by proxy to meet quorum requirements.
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