NFI Announces CEO Transition

Core Viewpoint - NFI Group Inc. has appointed John Sapp as the new President and CEO, succeeding Paul Soubry, who is retiring after 16 years, marking a significant leadership transition aimed at driving the company's next phase of growth and operational execution [2][3][5]. Leadership Transition - John Sapp will officially take over as President and CEO on January 1, 2026, and will also join the Board of Directors on the same day [6]. - Paul Soubry, who has been with NFI since 2009, will step down from the Board but will continue to support the company in an advisory role for the next year to ensure a smooth transition [6][7]. John Sapp's Background - John Sapp brings extensive experience from Eaton Corporation, where he was President of the Aerospace division, leading a global team of over 12,000 employees and achieving record revenue and operating profits in 2025 [3]. - His previous roles include Vice President and General Manager at Collins Aerospace and over 11 years at GE Aviation, showcasing a strong background in complex manufacturing and aftermarket services [3][4]. Company Performance and Strategy - Under Paul Soubry's leadership, NFI transformed into a market leader in bus and coach solutions, expanding into new markets and strengthening relationships with major transit agencies [5]. - NFI currently has a backlog of $13 billion, reflecting its strong market position and commitment to innovation and customer focus [7]. - The company emphasizes enhancing customer experience, improving operational performance, and driving growth as key focus areas under the new leadership [5]. Company Overview - NFI Group is a leading global manufacturer of mass mobility solutions, operating under various brands including New Flyer, MCI, and Alexander Dennis Limited [9]. - The company offers a wide range of propulsion agnostic bus and coach platforms, including electric models, and supports an installed base of over 100,000 buses and coaches worldwide [8][9].