Northwire Canada EditionFriday, July 17, 2026
Northwire
LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8% LUN 33.59 −2.5% NTR 94.27 −1.8% LALI 0.055 −8.3% SCD 0.170 +0.0% HWY 0.370 +0.0% FCI 0.385 +1.3% GGAU 0.180 −5.3% KIRO 0.650 +1.6% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.09 −4.4% NOBL 0.095 −5.0% SHL 0.355 +0.0% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.55 +1.8%
Management

NFI Announces CEO Transition

NFI · Price

Executive Summary

  • NFI Group Inc. announced that John Sapp will assume the role of President and CEO effective January 1, 2026, succeeding retiring founder‑CEO Paul Soubry.
  • The Board highlighted Sapp’s extensive aerospace and industrial experience (Eaton Aerospace, Collins Aerospace, GE Aviation) as a catalyst for the next phase of operational execution and growth.
  • Paul Soubry will step down from the Board on the same date but will remain in an advisory capacity for one year to ensure a smooth transition.

Key Details

  • Appointment: John Sapp appointed President & CEO, effective 2026‑01‑01; will also join the Board of Directors on that date.
  • Retirement: Paul Soubry retires after 16 years as CEO (2009‑2025) and will leave the Board, continuing in an advisory role through 2026.
  • Background of John Sapp:
  • President, Eaton Aerospace division (since 2023) – led a global team of >12,000 employees; delivered record revenue & operating profit in 2025.
  • Former Vice President & General Manager, Collins Aerospace; previously VP, Commercial Aftermarket Sales and Support.
  • Over 11 years at GE Aviation in sales and commercial programs.
  • U.S. Air Force F‑15 fighter pilot and instructor; graduate of the U.S. Air Force Academy; MBA from NYU.
  • Board Process: Appointment resulted from a global search overseen by the Board’s Human Resources, Compensation & Governance Committee with assistance from a leading third‑party executive recruitment firm.
  • Strategic Focus (per Sapp): Enhancing customer experience, improving operational performance, driving growth, and creating stakeholder value.
  • Company Context: Under Paul Soubry, NFI grew to a $13 billion backlog, expanded globally, and launched numerous new products/services across bus and coach platforms.

Notable Quotes

  • “We are thrilled to announce John as NFI’s new CEO,” – Colin Robertson, Board Chair.
  • “Our focus … will be on enhancing the customer experience, improving operational performance, driving growth, and creating value for all stakeholders,” – John Sapp, incoming President & CEO.
  • “It has been an honor… to lead NFI over the past 16 years… we’ve grown into a global player with a $13 billion backlog,” – Paul Soubry.
Read the original news release →

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