Essential Properties Reshuffles C-Suite: New President, CFO Adds Strategy Role, CIO Departs
EPRT is trading near its 52-week low of $28.95 (2.2% above the low).
Summary
Essential Properties Realty Trust announced a major C-suite restructuring: COO Max Jenkins promoted to President, CFO Rob Salisbury adding Chief Strategy Officer duties, CIO AJ Peil departing, and Craig Vachris joining as new CIO from W. P. Carey.
Key Events · Executive and Board Changes · EPRT
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COO Jenkins Promoted to President
Effective September 4, 2026, R. Max Jenkins, current EVP and COO, was appointed President and COO, with CEO Peter Mavoides continuing in his role.
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CFO Salisbury Adds Strategy Role
Robert W. Salisbury's position expanded from EVP, CFO and Secretary to include Chief Strategy Officer responsibilities.
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CIO Peil Departs, Vachris Appointed
A Joseph Peil, EVP and Chief Investment Officer, terminated effective September 8, 2026. Craig Vachris, formerly Chief Credit Officer at W. P. Carey, was appointed as the new EVP and Chief Investment Officer.
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New Employment Agreements Through 2031
Amended and restated employment agreements for Mavoides and Jenkins effective September 8, 2026, with initial terms through March 31, 2031 and enhanced change-in-control severance provisions.
Analysis · EPRT · Real Estate & Construction
A broad executive leadership restructuring was announced by Essential Properties Realty Trust on September 4, 2026. COO R. Max Jenkins was promoted to President and COO, CFO Robert Salisbury added the Chief Strategy Officer title, and Chief Investment Officer A Joseph Peil departed effective September 8. Craig Vachris, formerly Chief Credit Officer at W. P. Carey, was appointed as the new CIO. The company also executed amended employment agreements for CEO Peter Mavoides and Jenkins extending through March 2031, with enhanced change-in-control severance provisions. The simultaneous departure of the CIO and appointment of an external replacement, combined with expanded roles for two senior executives, suggests a deliberate succession and organizational realignment rather than a routine title change. For a $6.4 billion REIT, this level of C-suite churn is notable and could signal strategic shifts in investment approach under new CIO leadership.
How filings like this one have moved
In the 30 days to Sep 11, 2026, 30.2% of the 1961 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.20%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, EPRT was trading at $29.58 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $6.4B. The 52-week trading range was $28.95 to $34.73. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.