Graco Appoints General Motors Veteran Sanjiv Gupta as New CFO, David Lowe to Retire

summarizeSummary

Graco Inc. announced the retirement of its CFO, David M. Lowe, and the appointment of Sanjiv Gupta, a former General Motors executive, as his successor, effective April 15, 2026.

check_boxKey Events

• CFO Retirement Announced

  David M. Lowe, Chief Financial Officer and Treasurer since June 2021, gave notice on February 27, 2026, of his intention to retire after over 30 years with the company. He will remain in a non-executive capacity through May 2026 to assist with the transition.

• New CFO Appointed

  Sanjiv Gupta, age 52, has been appointed as Chief Financial Officer and Treasurer, effective April 15, 2026. Mr. Gupta previously served as Vice President & Chief Financial Officer, GM International, at General Motors, bringing extensive finance and operational experience.

• Executive Compensation Details

  Mr. Gupta's compensation package includes an annual base salary of $575,000, an annual incentive bonus target of 75% of his base salary, a one-time cash bonus of $65,000, and equity awards with a total grant date fair value of $2,575,000.

auto_awesomeAnalysis

Graco Inc. announced a planned leadership transition in its finance department. The retirement of long-serving CFO David M. Lowe, while notable, is being managed with a transition period. The appointment of Sanjiv Gupta, with his extensive finance and operational experience from General Motors, is a positive development, ensuring strong leadership continuity. This change is important for the company's strategic direction and financial oversight.