Leadership shift at nVent Electric (NYSE: NVT) as CAO retires
Rhea-AI Filing Summary
nVent Electric plc announced an upcoming leadership change in its finance organization. Senior Vice President, Chief Accounting Officer and Treasurer Randolph A. Wacker notified the company that he intends to retire effective September 1, 2026. The Board has appointed Tyler Krutzig as Senior Vice President and Chief Accounting Officer, also effective September 1, 2026.
Krutzig, age 39, has served as the company’s Assistant Corporate Controller since 2019, after prior roles at Pentair plc and Deloitte & Touche LLP. In connection with his new role, he will receive a Key Executive Employment and Severance Agreement in the same form used for other executive officers, which may provide severance and other benefits after a change in control if he is terminated without cause or resigns for good reason.
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8-K Event Classification
Key Figures
Key Terms
Key Executive Employment and Severance Agreement financial
change in control financial
good reason financial
cause financial
Emerging growth company regulatory
Shell Company Transactions regulatory
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
ITEM 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
On June 11, 2026, Randolph A. Wacker, Senior Vice President, Chief Accounting Officer and Treasurer of nVent Electric plc (the “Company”) notified the Company that he intends to retire effective September 1, 2026. On June 12, 2026, the Board of Directors of the Company appointed Tyler Krutzig as Senior Vice President and Chief Accounting Officer of the Company effective September 1, 2026.
Mr. Krutzig, age 39, has served as the Assistant Corporate Controller of the Company since 2019. Prior to joining the Company, he served in corporate controlling and external reporting roles at Pentair plc from 2016 to 2018. Mr. Krutzig also previously held various positions in the audit practice of Deloitte & Touche LLP from 2008 to 2016.
In connection with Mr. Krutzig being appointed Senior Vice President and Chief Accounting Officer, Mr. Krutzig will receive a Key Executive Employment and Severance Agreement (the “KEESA”) upon the effective date of his appointment as Senior Vice President and Chief Accounting Officer of the Company in the same form applicable for other executive officers of the Company. The KEESA will provide that Mr. Krutzig could be entitled to certain severance and other benefits following a “change in control” (as defined in the KEESA) of the Company if Mr. Krutzig is involuntarily terminated, other than for disability or “cause” (as defined in the KEESA), or if Mr. Krutzig terminates his employment for conditions that constitute “good reason” (as defined in the KEESA). The foregoing description of the KEESA is qualified in its entirety by reference to the full text of the KEESA, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.
ITEM 9.01 Financial Statements and Exhibits
| (a) | Financial Statements of Businesses or Funds Acquired | |
| Not applicable. | ||
| (b) | Pro Forma Financial Information | |
| Not applicable. | ||
| (c) | Shell Company Transactions | |
| Not applicable. | ||
| (d) | Exhibits |
EXHIBIT INDEX
| Exhibit | Description | |
| 10.1 | Form of Key Executive Employment and Severance Agreement for Tyler Krutzig (incorporated by reference to Exhibit 10.24 in the Annual Report on Form 10-K of nVent Electric plc filed with the Commission on February 20, 2024 (file No. 001-38265)). | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURE
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, thereunto duly authorized, on June 17, 2026.
| nVent Electric plc | ||
| Registrant | ||
| By | /s/ Gary L. Corona | |
| Gary L. Corona | ||
| Executive Vice President and Chief Financial Officer | ||