Everest Group said it appointed Elias Habayeb as Executive Vice President and Chief Financial Officer effective on or about May 1, 2026, and Mark Kociancic will retire from his position as Executive Vice President and Chief Financial Officer after the Company's Q1 2026 reporting cycle is completed and remain with the Company as a special advisor through a transition period.

1. 01

   Everest Group said it appointed Elias Habayeb as Executive Vice President and Chief Financial Officer effective on or about May 1, 2026, and Mark Kociancic will retire from his position as Executive Vice President and Chief Financial Officer after the Company's Q1 2026 reporting cycle is completed and remain with the Company as a special advisor through a transition period.

2. 02

   The company said that pursuant to a Transition Agreement dated November 25, 2025, Mr. Kociancic's employment with the Company will end on July 31, 2026, and he will serve as an advisor to the Company from May 1, 2026 through that date during the Advisor Period.

3. 03

   Everest Group said Mr. Kociancic is eligible, conditional upon providing a supplemental release and complying with the terms of the Transition Agreement, for $3.9 million in compensation in the form of a target annual cash incentive bonus and equity awards for services performed as Chief Financial Officer during the 2025 fiscal year, and an additional $3.8 million in separation compensation in the form of cash and equity vesting.

4. 04

   The company said that for services to be performed by Mr. Kociancic from January 1, 2026 through July 31 and other consideration under the Transition Agreement, he will receive approximately $1.65 million in the form of salary and ordinary course employee benefits, a prorated target annual cash incentive bonus of $960,000, an equity award in February 2026 with a grant date fair value of $2.5 million, and the non-competition period will run through December 31, 2026.

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