Quanta Services names Jayshree Desai CFO, Scott Rowe to board
QUANTA SERVICES, INC.
Derrick Jensen transitioned from CFO to EVP Business Operations effective July 18, 2022, as previously planned.
Jayshree Desai appointed CFO and principal financial officer; salary set at $600,000 with annual incentive target of 100% and long-term incentive of 250% of base.
Board expanded to 10 directors; Scott Rowe, CEO of Flowserve Corp., elected as director effective July 18, 2022.
CFO transition not related to any disagreement with company or auditor; no material transactions with new director.
the Board increased the size of the Board from nine to ten directors and, upon the recommendation of the Governance and Nominating Committee of the Board, elected R. Scott Rowe to serve as a director, filling the vacancy created by such increase.
Derrick A. Jensen’s planned transition from his role as Chief Financial Officer and principal financial officer of Quanta Services, Inc. (“ Quanta ” or the “ Company ”) to Executive Vice President – Business Operations of the Company, as previously reported in a Current Report on Form 8-K filed by Quanta with the U.S. Securities and Exchange Commission (“ SEC ”) on May 5, 2022, became effective as of July 18, 2022.
Role change
Jayshree S. Desai
Chief Financial Officer and principal financial officer
effective as of July 18, 2022, Jayshree S. Desai transitioned from her role as Chief Corporate Development Officer of the Company to Chief Financial Officer and principal financial officer of the Company.
Key facts
Extracted from this filing and checked against the source text.
Executive changeSEC 8-K Item 5.02confidence 0.95
R. Scott Rowe was elected as Director at QUANTA SERVICES, INC..
Action
elected
Role
Director
Exact text from the filing
the Board increased the size of the Board from nine to ten directors and, upon the recommendation of the Governance and Nominating Committee of the Board, elected R. Scott Rowe to serve as a director, filling the vacancy created by such increase.
Derrick A. Jensen changed role as Executive Vice President – Business Operations at QUANTA SERVICES, INC..
Action
transitioned
Role
Executive Vice President – Business Operations
Exact text from the filing
Derrick A. Jensen’s planned transition from his role as Chief Financial Officer and principal financial officer of Quanta Services, Inc. (“ Quanta ” or the “ Company ”) to Executive Vice President – Business Operations of the Company, as previously reported in a Current Report on Form 8-K filed by Quanta with the U.S. Securities and Exchange Commission (“ SEC ”) on May 5, 2022, became effective as of July 18, 2022.
Jayshree S. Desai changed role as Chief Financial Officer and principal financial officer at QUANTA SERVICES, INC..
Action
transitioned
Role
Chief Financial Officer and principal financial officer
Exact text from the filing
effective as of July 18, 2022, Jayshree S. Desai transitioned from her role as Chief Corporate Development Officer of the Company to Chief Financial Officer and principal financial officer of the Company.
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