Hubbell Incorporated (NYSE: HUBB) has announced the retirement of its Chief Financial Officer, Bill Sperry, effective December 31, 2025, after 17 years of service, including 14 years as CFO. Joseph Capozzoli, currently the Vice President of Finance for the company’s Electrical Solutions segment, has been appointed as the new Senior Vice President and Chief Financial Officer, effective January 1, 2026.
Under Sperry's leadership, the company has seen exceptional growth and success, with a focus on performance, portfolio management, capital deployment, and creating value for shareholders. Capozzoli, who has been instrumental in driving strong financial performance and margin expansion in the Electrical Solutions segment, will take over as CFO in 2026.
Capozzoli joined Hubbell in April 2013 as Vice President, Controller, and served in this role as the company’s Principal Accounting Officer until January 2021. He then became the Vice President of Business Transformation before assuming the role of Electrical Solutions segment finance leader in January 2023.
During the transition, Sperry will continue to provide support to Capozzoli throughout 2025 and remain as Executive Vice President of the company into 2026.
With Capozzoli's extensive experience and track record of success, he is expected to deliver further value to the company's stakeholders in his new role as CFO. Starting in 2026, he will report directly to Gerben Bakker, Chairman, President, and CEO of Hubbell Incorporated. Following these announcements, the company's shares moved 1.25%, and are now trading at a price of $442.71. If you want to know more, read the company's complete 8-K report here.
