APi Group Announces Leadership Change for Strategic Growth and Stability
- APi Group's CFO Kevin Krumm will step down on December 13, 2024, pursuing another opportunity.
- David Jackola, current CFO of APi International, will serve as interim CFO during the transition.
- APi Group is searching for a permanent CFO while reaffirming its 2024 financial guidance and growth commitment.
Leadership Transition at APi Group: A Strategic Move for Continued Growth
APi Group Corporation announces a significant leadership change as Chief Financial Officer Kevin Krumm prepares to step down on December 13, 2024. Krumm’s decision to pursue another opportunity marks the end of a pivotal chapter for the company, which specializes in fire and life safety, security, and specialty services across more than 500 locations globally. In the wake of this transition, David Jackola, who currently serves as CFO and Vice President of Transformation at APi International, is set to assume the role of interim CFO. Jackola's extensive background in finance within APi Group positions him as a strong candidate to guide the company through this period of change.
Jackola's appointment is particularly noteworthy given his deep understanding of APi's operations and his proven track record in driving strategic initiatives focused on organic revenue growth and margin expansion. His previous roles, including Vice President, Controller, and Chief Accounting Officer at APi Group, provide him with the necessary expertise to lead the finance team effectively. APi’s President and CEO, Russ Becker, expresses appreciation for Krumm’s contributions while highlighting Jackola’s familiarity with the company as a key asset for ongoing growth and stability. This leadership transition occurs at a critical time as APi Group continues to navigate the complexities of a dynamic industry landscape.
The company is actively conducting a search for a permanent CFO in collaboration with a leading search firm, ensuring that the selection process aligns with its long-term strategic goals. Despite the leadership change, APi Group reaffirms its guidance for 2024 net revenue and adjusted EBITDA, first outlined on October 31, and plans to provide further updates in mid-December. This commitment to transparency and stability reinforces the company’s dedication to maintaining its robust performance in the evolving service sector.
In addition to the leadership transition, APi Group remains focused on its mission to deliver innovative solutions backed by a culture of entrepreneurship. As a recognized leader in its field, the company is well-positioned to capitalize on emerging opportunities and continue its trajectory of growth. With Jackola at the helm of the finance team, APi Group is poised to navigate the challenges ahead while staying true to its vision of delivering exceptional services to its diverse customer base. For more information, visit www.apigroupcorp.com.