Vertiv said on April 4, 2024 that Eric M. Johnson will join as Chief Accounting Officer, effective on or around April 29, 2024. He will lead the global accounting organization, be responsible for advancing the company's accounting and internal financial controls, and report directly to CFO David Fallon.

1. 01

   Vertiv said on April 4, 2024 that Eric M. Johnson will join as Chief Accounting Officer, effective on or around April 29, 2024. He will lead the global accounting organization, be responsible for advancing the company's accounting and internal financial controls, and report directly to CFO David Fallon.

2. 02

   The company said Scott Cripps, its current Chief Accounting Officer, will leave that role on the same date Johnson starts, taking on another leadership role within the organization.

3. 03

   The company said Johnson, 47, brings over 20 years of experience and has worked at Cardinal Health since 2004. Most recently, he served as SVP, Global Financial Shared Services from 2020 to 2024. Earlier in his career, he spent 4 years at Arthur Andersen LLP.

4. 04

   The company said Johnson may receive a one-time sign-on equity grant under the 2020 Stock Incentive Plan upon joining. The grant would consist of stock options with a target grant date fair value of $125,000, vesting ratably over 4 years, and restricted stock units with a target grant date fair value of $125,000, vesting after 4 years of employment.

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