8-K: APi Group Appoints G. David Jackola as Executive Vice President and Chief Financial Officer

APi Group Corporation appoints G. David Jackola as its Executive Vice President and Chief Financial Officer, effective March 28, 2025.

Summary

• APi Group Corporation announced the appointment of G. David Jackola as Executive Vice President and Chief Financial Officer, effective March 28, 2025.
• Mr. Jackola previously served as Interim Chief Financial Officer since December 2024.
• He has been with the company since October 2021, holding various senior finance roles.
• Mr. Jackola's compensation includes an annual base salary of $725,000, a target short-term cash incentive of 100% of his base salary, and an annual long-term equity incentive award of 250% of his base salary.
• He also received a supplemental long-term equity incentive award valued at $1,562,500.
• The company made the announcement on March 31, 2025.
• Mr. Jackola will be joining Mr. Becker and other senior leaders at APi's Investor Day on May 21 in New York and will be discussing the Company's positive momentum through the first half of the year as well as presenting updated long-term strategic objectives.

Sentiment

Score: 8

Explanation: The document conveys a positive sentiment due to the appointment of a qualified CFO and positive comments from management regarding the appointee's capabilities and future contributions.

Positives

• APi Group has appointed a seasoned finance professional with over 20 years of global experience as its CFO.
• G. David Jackola has a proven track record of driving profitable organic growth and executing on strategic objectives.
• Mr. Jackola's appointment provides stability and continuity in the CFO role, having served as Interim CFO since December 2024.
• The compensation package includes a mix of base salary, short-term incentives, and long-term equity incentives, aligning his interests with the company's performance.

Future Outlook

The company anticipates a return to more traditional levels of organic growth in 2025 and beyond.

Management Comments

• Russ Becker, APi's President and Chief Executive Officer, stated that David is a great leader and has a proven track record of driving profitable organic growth and executing on strategic objectives.
• David Jackola stated that he is excited and humbled to be chosen as APi's next CFO and looks forward to leading the talented team of global finance and IT professionals at APi.

Industry Context

This announcement reflects a standard executive appointment within a publicly traded company. The compensation package is typical for a CFO role in a company of APi Group's size and scope.

Comparison to Industry Standards

• Executive compensation packages for CFOs at similar-sized publicly traded companies typically include a base salary, short-term incentives, and long-term equity incentives.
• The specific amounts and percentages may vary based on company performance, industry benchmarks, and individual experience.
• Companies like EMCOR Group and Comfort Systems USA, which operate in similar sectors, offer comparable compensation structures to their CFOs.

Management Changes

Stakeholder Impact

• Shareholders: The appointment of a permanent CFO is generally viewed positively by investors.
• Employees: The appointment provides leadership and direction for the finance and IT teams.
• Customers: The appointment supports the company's ability to deliver innovative solutions and maintain strong customer relationships.

Next Steps

• Mr. Jackola will participate in APi Group's Investor Day on May 21 in New York.
• The company will continue to execute its long-term strategic objectives.

Key Dates

Keywords

Chief Financial Officer, APi Group, David Jackola, Appointment, Executive Vice President, Compensation, Finance