Koppers (NYSE: KOP) details CFO retirement and interim finance leadership shift
Rhea-AI Filing Summary
Koppers Holdings Inc. announced that Chief Financial Officer Jimmi Sue Smith retired from the CFO role effective January 5, 2026. She will remain Treasurer, serve in an advisory role to support an orderly transition, and continue as a full-time employee through February 28, 2026. The company states that her retirement is not due to any disagreement related to financial reporting, controls, operations, policies, or practices.
In connection with this change, the Board elected Bradley A. Pearce, previously Chief Accounting Officer, as interim Chief Financial Officer and Chief Accounting Officer, making him the principal financial officer effective January 5, 2026. Effective January 1, 2026, his annual base salary was increased to $400,000, his target total annual cash incentive multiplier was raised from 40% to 60% of base salary, and his target total long-term incentive multiplier remains 80% of base salary. Koppers also issued a press release on January 9, 2026 detailing these leadership changes.
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Insights
Koppers discloses an orderly CFO transition with internal interim successor and adjusted pay.
The company reports that long-time finance leader Jimmi Sue Smith has retired from the CFO role effective
The Board appointed internal candidate Bradley A. Pearce, previously Chief Accounting Officer, as interim CFO and principal financial officer. His base salary increased to
FAQ
What executive leadership change did Koppers (KOP) report on January 5, 2026?
Koppers reported that Jimmi Sue Smith retired from her role as Chief Financial Officer effective January 5, 2026. She will remain Treasurer, serve in an advisory capacity for transition, and stay a full-time employee through February 28, 2026.
Who is the new interim Chief Financial Officer at Koppers (KOP)?
The Board elected Bradley A. Pearce, previously the company’s Chief Accounting Officer, to serve as interim Chief Financial Officer and Chief Accounting Officer, making him the principal financial officer effective January 5, 2026.
Did Koppers indicate any disagreements behind the CFO’s retirement?
The company states that Ms. Smith’s decision to retire is not the result of any disagreements with Koppers or any matter relating to its financial statements, internal control over financial reporting, operations, policies, or practices.
How did Koppers change compensation for interim CFO Bradley Pearce?
Effective January 1, 2026, Mr. Pearce’s annual base salary was set at $400,000. His target total annual cash incentive multiplier increased from 40% to 60% of base salary, while his target total long-term incentive multiplier remains at 80% of base salary.
Does Bradley Pearce have any related-party relationships with Koppers’ leadership?
Koppers discloses that Mr. Pearce has no family relationships with any of the company’s directors or executive officers and is not a party to transactions described under Item 404(a) of Regulation S-K.
Did Koppers issue a press release about the CFO transition?
Yes. The company issued a press release on January 9, 2026 regarding Ms. Smith’s retirement and Mr. Pearce’s appointment as interim CFO and Chief Accounting Officer. This release is included as Exhibit 99.1.