Hubbell CFO Bill Sperry to retire, insider Joseph Capozzoli named successor

Sept 10 (Reuters) - Electrical equipment maker Hubbell HUBB.N said on Wednesday that its Chief Financial Officer Bill Sperry is stepping down and will be succeeded by Joseph Capozzoli effective January 1, 2026.

Sperry, who has worked at the company for 17 years, will help his successor transition through 2025 and will then continue as Executive Vice President of the company.

Capozzoli, who joined the company in 2013, was most recently vice president, finance, of the company's Electrical Solutions segment. Previously he worked at Stanley Black & Decker SWK.N.

"Joe (Capozzoli) has been instrumental in driving strong financial performance and margin expansion in our Electrical Solutions segment, as well as playing a key leadership role in our journey to transform it into a unified operating segment," said CEO Gerben Bakker.

The announcement comes about a month after Hubbell said it would buy smaller peer DMC Power for $825 million in cash, as it bolsters its critical components portfolio to meet an expected boom in power demand.