Exponent Appoints New President and CFO, Announces Board Leadership Transition

summarizeSummary

Exponent announced key executive appointments and board transitions, including a new President and CFO, with existing leadership maintaining continuity through new roles.

check_boxKey Events

• New President Appointed

  John D. Pye, a long-time company veteran, has been appointed President, effective May 1, 2026, with a base salary of $650,000 and a grant of 21,000 stock options.

• New Chief Financial Officer Named

  Eric Anderson, previously VP of Finance and Accounting, will become CFO effective May 1, 2026, receiving a $525,000 base salary and 12,600 stock options. Current CFO Richard Schlenker will remain Executive Vice President and be nominated for a board position.

• Chairman of the Board to Retire

  Dr. Paul R. Johnston will retire from the Board effective June 4, 2026, after 45 years with the company.

• New Board Chairman Appointed

  Karen Richardson, the current Lead Independent Director, will succeed Dr. Johnston as Chairman of the Board, effective June 4, 2026.

auto_awesomeAnalysis

Exponent, Inc. announced a series of planned leadership changes, including the appointment of John D. Pye as President and Eric Anderson as Chief Financial Officer, both internal promotions. The current CFO, Richard Schlenker, will transition to Executive Vice President and be nominated for a board seat, ensuring continuity. Additionally, long-serving Chairman Paul R. Johnston will retire, with Lead Independent Director Karen Richardson stepping into the Chairman role. These changes reflect a managed succession plan, aiming to maintain stability and leverage internal talent for future growth.