Evercore names Nigel Dawn, Naveen Nataraj co-presidents
The awards are measured over three years and cliff-vest on the fifth anniversary, subject to continued employment, with certain exceptions.
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Rhea-AI Filing Summary
Evercore Inc. appointed Nigel Dawn and Naveen Nataraj as Co-Presidents, effective January 1, 2027. They will report to John S. Weinberg, who will remain Chairman and Chief Executive Officer; the board and Weinberg agreed he will serve in those roles for at least the next three years. Dawn will become Chairman of Private Capital Advisory, while Nataraj will remain active in Investment Banking.
The Compensation Committee approved a one-time Performance Restricted Stock Unit award for each executive, with a target value of $20 million. Units earned will depend on operating income goals and relative total shareholder return over a three-year performance period, range from 80% to 200% of the target number, and cliff-vest on the fifth anniversary of the effective date, subject to continued employment with certain exceptions. Daniel Mendelow will become sole Head of U.S. Investment Banking; Jason Sobol will become Chairman of U.S. Investment Banking and collaborate with Eduardo Mestre, who remains Chairman of Global Investment Banking.
8-K Event Classification
Key Figures
Key Terms
Performance Restricted Stock Units financial
cliff-vest financial
operating income goals financial
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM
CURRENT REPORT
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On October 16, 2026, the Board of Directors of Evercore Inc. (the “Company”) appointed Nigel Dawn and Naveen Nataraj, ages 62 and 51, respectively, as Co-Presidents of the Company, effective January 1, 2027 (the “Effective Date”). Mr. Dawn and Mr. Nataraj will report to John S. Weinberg, who will remain Chairman and Chief Executive Officer.
Nigel Dawn currently serves as Global Head of Evercore’s Private Capital Advisory group and is a member of Evercore’s Management Committee. Mr. Dawn has led the development of the market-leading global Private Capital Advisory (“PCA”) business, with teams in the United States, Europe and Singapore. Mr. Dawn will become Chairman of PCA and remain closely connected to the business and its clients.
Naveen Nataraj currently serves as Co-Head of U.S. Investment Banking and is a member of the firm’s Management Committee. During his tenure at Evercore, Mr. Nataraj has advised some of the firm’s most important clients on transactions across a broad range of industries. He will continue to advise clients and remain actively engaged in the firm’s Investment Banking business.
In connection with the appointments, the Compensation Committee approved a one-time award of Performance Restricted Stock Units (“PRSUs”) with a target value of $20 million to each of Messrs. Dawn and Nataraj (each, an “Award”). The number of PRSUs earned under each Award will be determined based on the achievement of operating income goals and relative total shareholder return over a three-year performance period beginning on the Effective Date and will range from 80% to 200% of the target number of PRSUs. The earned PRSUs will cliff-vest on the fifth anniversary of the Effective Date, subject to continued employment with the Company through such date, with certain exceptions.
The Awards were designed in consultation with an independent compensation consultant to align the long-term interests of Messrs. Dawn and Nataraj with those of the Company’s shareholders, reinforce their responsibility for the Company’s future financial performance and to provide the Company with enhanced retention capabilities.
There are no other arrangements or understandings between either Mr. Dawn or Mr. Nataraj and any other person pursuant to which either was selected as Co-President. Neither Mr. Dawn nor Mr. Nataraj has any family relationship with any director or executive officer of the Company or any direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release related to this announcement is attached hereto as Exhibit 99.1.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit No. |
Description | |
| 99.1 | Press Release issued by Evercore Inc., dated October 18, 2026 | |
| 104 | Cover page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| EVERCORE INC. | ||
| By: | /s/ Jason Klurfeld | |
| Name: | Jason Klurfeld | |
| Title: | General Counsel | |
Dated: October 21, 2026
Exhibit 99.1
Evercore Appoints Nigel Dawn and Naveen Nataraj as Co-Presidents
October 18, 2026
Co-President roles will add senior leadership depth as Evercore advances its strategic priorities
NEW YORK—(BUSINESS WIRE)—Oct. 18, 2026— Evercore (NYSE: EVR) today announced that its Board of Directors has appointed Nigel Dawn and Naveen Nataraj as Co-Presidents of the firm, effective January 1, 2027. Mr. Dawn and Mr. Nataraj will report to Chairman and Chief Executive Officer John S. Weinberg, who will continue to lead Evercore, its Management Committee and the firm’s strategic direction. Evercore’s Board and Mr. Weinberg have agreed that he will serve as Chairman and CEO for at least the next three years.
This new leadership structure will enable the firm to continue to build on its strategy for growth. In their new roles, Mr. Dawn and Mr. Nataraj will work closely with Mr. Weinberg, Roger C. Altman, Evercore’s founder and Senior Chairman, and the global senior leadership team to execute the firm’s strategy and drive global expansion. These appointments will strengthen Evercore’s ability to serve clients while preserving the values, culture and commitment to people that have long defined the firm.
Daniel Mendelow will become sole Head of U.S. Investment Banking, with responsibility for Evercore’s largest business. Jason Sobol will become Chairman of U.S. Investment Banking and will collaborate closely with Eduardo Mestre, who will remain Chairman of Global Investment Banking.
John S. Weinberg said, “As Evercore has grown and evolved, we see increased opportunities to bring value for our clients. This leadership structure will help us drive our strategy more effectively while reinforcing our commitment to clients, our values and our culture. Nigel and Naveen are accomplished leaders who will make important contributions in these roles. I am excited to continue working with them and with our global senior leadership.”
Roger C. Altman said, “Evercore is a different firm today, even compared with three years ago. It is much larger, broader and more global, and is competitively stronger. The firm will benefit from additional management resources to support John, and today’s announcement reflects that need. I could not have greater confidence in Nigel and Naveen and look forward to working with them in their new roles. Moreover, John’s leadership, judgment and deep commitment to our people and clients have been, and will continue to be, central to what we are building.”
Mr. Dawn has led the development of the market-leading global Private Capital Advisory (“PCA”) business, with teams in the United States, Europe and Singapore. Mr. Dawn will become Chairman of PCA and remain closely connected to the business and its clients.
During his tenure at Evercore, Mr. Nataraj has advised some of the firm’s most important clients on transactions across a broad range of industries. He will continue to advise clients and remain actively engaged in the firm’s Investment Banking business.
About Evercore
Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20261018112796/en/
Media Contact:
Jamie Easton
Head of Communications & External Affairs
Communications@Evercore.com
Investor Contact:
Katy Haber
Head of Investor Relations & ESG
InvestorRelations@Evercore.com
Source: Evercore