nVent Electric plc
nVent Electric plc Appoints New Chief Financial Officer
Summary
On March 11, 2025, nVent Electric plc announced the appointment of Gary Corona as its new Executive Vice President and Chief Financial Officer, effective March 31, 2025. Corona will succeed Sara E. Zawoyski, who will transition to the role of President of Systems Protection. Corona's compensation includes an annual base salary of $600,000, a target annual incentive of 80% of his base salary, restricted stock units with a grant date fair value of $1,500,000, a new hire cash bonus of $500,000, and a new hire equity award with a grant date fair value of $2,500,000. He is also eligible for additional benefits as per the Key Executive Employment and Severance Agreement (KEESA).
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About nVent Electric plc
nVent Electric plc is a leading provider in the electrical connection and protection industry. With a focus on enhancing electrical safety, reliability, and efficiency, nVent delivers high-quality solutions across a wide range of sectors. Its extensive portfolio includes enclosures, electrical fastening solutions, and thermal management products, serving industries such as utilities, telecommunications, energy, and public infrastructure. The company's operations extend globally, offering customized solutions that address complex installation challenges in both industrial and commercial environments. nVent's technological innovations and advanced engineering are pivotal in supporting electrical system health and ensuring uninterrupted operation across various applications. Headquartered in the United Kingdom, nVent Electric plc plays a crucial role in facilitating the safe distribution of electrical power, thereby contributing significantly to infrastructure development worldwide. Its commitment to sustainability and product innovation supports growing trends towards energy efficiency and smart infrastructure solutions in the financial market, reinforcing its importance as a key player in the electrical equipment and components industry.
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