01—Abstract
Summary
Summary of the 8-K filed September 10, 2025. Cited figures are marked; the original filing is the authoritative source.
Hubbell Incorporated (NYSE: HUBB) filed an 8-K on September 10, 2025 announcing a Chief Financial Officer succession.
Joseph A. Capozzoli, currently Vice President, Finance – Hubbell Electrical Solutions Segment, has been promoted to Senior Vice President and Chief Financial Officer effective January 1, 2026, succeeding William R. Sperry, who retires as CFO effective December 31, 2025.
Sperry will remain employed through 2025 as CFO, then as Executive Vice President into 2026, and will provide ongoing transitional and strategic support in 2026. In connection with the appointment, Capozzoli's base salary will increase from $440,000 to $550,000,a subject to future adjustments, and his annual short-term incentive target will rise from 25% to 75% of base salary. He will also be eligible for annual long-term incentive awards and will receive a Change in Control Severance Agreement providing, upon a qualifying termination, a lump sum of 2.0 times base salary, a lump sum of 2.0 times target short-term incentive, two years of continued welfare benefits, and other payments.
The filing states there is no arrangement or understanding relating to his appointment and no related-party transactions requiring disclosure. The company's press release, furnished as Exhibit 99.1, states that Capozzoli joined Hubbell in 2013 as Vice President, Controller, and that he has been instrumental in driving strong financial performance and margin expansion in the Electrical Solutions segment.
Starting in 2026, he will report to Chairman, President and CEO Gerben Bakker. Sperry has 17 years of service with the company, including 14 years as CFO.
02—Key points
Key Highlights
- Joseph A. Capozzoli, age 50, named Senior Vice President and Chief Financial Officer effective January 1, 2026, succeeding William R. Sperry.
- William R. Sperry retires as CFO effective December 31, 2025, after 17 years of service including 14 years as CFO; he remains Executive Vice President into 2026 for transitional support.
- Capozzoli's base salary increases from $440,000 to $550,000 effective on the Effective Date.
- Annual short-term incentive target increases from 25% to 75% of base salary.
- Capozzoli receives a Change in Control Severance Agreement with a 2.0x base salary lump sum and a 2.0x target short-term incentive lump sum upon a qualifying termination, plus two years of continued welfare benefits.
- Capozzoli previously led Vice President, Finance for the Electrical Solutions segment, and the press release credits him with driving margin expansion there.
- Starting in 2026, Capozzoli will report to Chairman, President and CEO Gerben Bakker.
03—Questions
Frequently Asked Questions
Who is replacing Bill Sperry as CFO of Hubbell?
Joseph A. Capozzoli, currently Vice President, Finance of the Electrical Solutions segment, has been promoted to Senior Vice President and Chief Financial Officer, effective January 1, 2026.
When does the CFO transition take effect and what is Sperry's role afterward?
Sperry retires as CFO effective December 31, 2025. He will continue as CFO through 2025 and as Executive Vice President into 2026, providing ongoing transitional and strategic support in 2026.
How is Capozzoli's compensation changing with the promotion?
Effective on the Effective Date, his base salary increases from $440,000 to $550,000, subject to future adjustments, and his annual short-term incentive target rises from 25% to 75% of base salary. He is also eligible for annual long-term incentive awards.
What severance protections does the new CFO have?
Under a Change in Control Severance Agreement, a qualifying termination without Cause or resignation for Good Reason in connection with a Change in Control entitles him to a lump sum of 2.0 times base salary, a lump sum of 2.0 times target short-term incentive, two years of continued welfare benefits, a pro-rated target annual incentive, incremental supplemental plan credits, and outplacement services.
What does Capozzoli's background look like?
He joined Hubbell in 2013 as Vice President, Controller, and later served as Vice President, Business Transformation and Vice President, Finance for the Electrical Solutions segment. He previously spent more than 15 years in leadership roles at multinational corporations, holds an MBA in Finance from Villanova University, and is a certified public accountant.
04—Continue