Hubbell's New CFO Sets Stage for Future Growth and Success
Hubbell Incorporated Announces Leadership Transition
Hubbell Incorporated (NYSE: HUBB), a prominent utility and electrical solutions manufacturer, has officially confirmed a significant change in its leadership. As the company moves forward, Bill Sperry will retire as Chief Financial Officer (CFO) effective December 31, 2025. With an impressive 17-year tenure, including 14 years in the CFO role, Sperry has played a vital part in shaping Hubbell's strategic direction.
Praising Bill Sperry's Leadership
“Bill Sperry’s financial and strategic leadership have been instrumental in Hubbell's transformation,” said Gerben Bakker, Chairman, President, and CEO. His unwavering commitment to performance, capital management, and shareholder value has steered Hubbell towards remarkable growth and success. Throughout his career at Hubbell, Bill has earned deep respect and admiration from employees, customers, and other stakeholders. Our collaboration has always been valued, and his contributions to the company are commendable,” Bakker continued.
Introducing Joseph Capozzoli as the New CFO
In a strategic move, Joseph Capozzoli, the current Vice President of Finance for Hubbell’s Electrical Solutions segment, will step into the CFO position starting January 1, 2026. Bakker expressed excitement regarding Capozzoli's new role, highlighting his extensive experience and proven leadership abilities. “Joe has made significant strides in driving financial performance and improving margins in our Electrical Solutions segment. His leadership in unifying operations at HES has been crucial for the company's ongoing transformation,” Bakker stated.
Transition and Future Contributions
In preparation for this transition, Sperry will provide support to Capozzoli throughout 2025 and will then assume the role of Executive Vice President into 2026. This seamless transition is designed to ensure continuity in leadership and strategic direction for the company.
Joseph Capozzoli's Background and Expertise
Capozzoli's journey with Hubbell began in April 2013 when he was appointed Vice President and Controller, taking on significant responsibilities as the Principal Accounting Officer until January 2021. Following this, he became the Vice President of Business Transformation before being named finance leader for the Electrical Solutions segment in January 2023. His extensive experience spans over 15 years in senior roles at various multinational corporations, coupled with an MBA in Finance from Villanova University and a Bachelor of Science Degree in Business Administration from LaSalle University. Moreover, he is a certified public accountant, preparing him well for the CFO role where he will report directly to Bakker beginning in 2026.
About Hubbell Incorporated
Hubbell Incorporated stands as a leader in the manufacturing of utility and electrical solutions that enable customers to maintain critical infrastructure with safety and reliability. With impressive revenue figures, including $5.6 billion for the fiscal year 2024, Hubbell’s innovative solutions continue to electrify economies and energize communities across various sectors. The company’s corporate headquarters is situated in Shelton, CT.
Contact Information
For further inquiries, please reach out to:
Dan Innamorato
Hubbell Incorporated
40 Waterview Drive
PO Box 1000
Shelton, CT 06484
(475) 882-4000
Frequently Asked Questions
What prompted the leadership change at Hubbell?
Bill Sperry's retirement after many successful years has led to the appointment of Joseph Capozzoli to ensure a smooth transition and maintain the company's growth trajectory.
What are Joseph Capozzoli's qualifications?
Joseph Capozzoli brings significant experience from his previous roles within Hubbell and other multinational corporations, along with an MBA and CPA designation.
How long has Bill Sperry served as CFO?
Bill Sperry has served 14 years as CFO and 17 years in total with Hubbell, contributing greatly to the company’s strategic decisions and financial growth.
What are Hubbell’s core business areas?
Hubbell focuses on manufacturing utility and electrical solutions that help in operating critical infrastructure effectively and safely.
Where is Hubbell’s headquarters located?
The corporate headquarters of Hubbell Incorporated is located in Shelton, CT.
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