Business
NFI Announces CEO Transition
Paul Soubry to retire after 16 years Incoming President and CEO, John Sapp, brings decades of...
About this update from Nfi Group Inc.
[{"type":"text","content":"NFI Announces CEO Transition\nPaul Soubry to retire after 16 years Incoming President and CEO, John Sapp, brings decades of industrial and aerospace experience that will drive the next phase of NFI’s operational execution and growth WINNIPEG, Manitoba, Dec. 17, 2025 (GLOBE NEWSWIRE) -- (TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc. (\"NFI\" or the \"Company\"), a leader in bus and coach mobility solutions, today announced that its Board of Directors (the “Board”) has appointed John Sapp to the role of President and Chief Executive Officer effective January 1, 2026. John will be based out of NFI’s Winnipeg, Manitoba headquarters and succeeds Paul Soubry who will be retiring after 16 years with NFI. \"We are thrilled to announce John as NFI’s new CEO,” said Colin Robertson, NFI’s Board Chair. “John brings a strong track record of success, with leadership experience in complex customized manufacturing and aftermarket services, which makes him uniquely positioned to drive the next phase in NFI’s growth. His customer centric approach has consistently delivered profitable results, and the Board has full confidence in his ability to lead NFI at this pivotal time.\"   John joins NFI from intelligent power management company Eaton Corporation, where he served as President of Eaton’s Aerospace division since 2023, leading a global team of over 12,000 employees that delivered record revenue and operating profits in 2025. He was previously Vice President and General Manager of Collins Aerospace, where he also held several other roles including Vice President, Commercial Aftermarket Sales and Support. Prior to joining Collins, John spent more than 11 years as an executive leader at GE Aviation in Sales and Commercial Programs. John also served in the United States Air Force as an F-15 fighter pilot and was later an instructor at the U.S. Air Force Fighter Weapons School. John graduated from the U.S. Air Force Academy and holds a master’s degree in business administration from New York University. John’s appointment follows a detailed global search, overseen by the Board’s Human Resources, Compensation and Governance committee, that utilized a leading third-party executive recruitment firm. “I am honoured to join NFI Group as Pres...