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Everest Group, Ltd. (NYSE:EG) announced the planned retirement of Mark Kociancic from his roles as Executive Vice President and Chief Financial Officer following the completion of the company’s first quarter 2026 reporting cycle. The company stated that Elias Habayeb will be appointed as Executive Vice President and Chief Financial Officer, effective on or about May 1, 2026.
According to a press release statement included in the company’s SEC filing, Kociancic will remain with Everest Group as a special advisor through a transition period ending July 31, 2026. Under the terms of a transition agreement executed on November 25, 2025, Kociancic will serve as an advisor between May 1, 2026, and his departure date.
The agreement specifies that, subject to certain conditions, Kociancic will receive accrued payments, a separation allowance, continued vesting of unvested restricted stock through the first anniversary of his departure, and benefits continuation in accordance with his amended and restated employment agreement. For his service as Chief Financial Officer during the 2025 fiscal year, Kociancic is eligible for $3.9 million in compensation, including a target annual cash incentive bonus and equity awards. He is also eligible for an additional $3.8 million in separation compensation in cash and equity vesting.
For services from January 1, 2026, through July 31, 2026, and other considerations under the transition agreement, Kociancic will receive approximately $1.65 million in salary and employee benefits, a prorated target annual cash incentive bonus of $960,000, and an equity award in February 2026 with a grant date fair value of $2.5 million, with an estimated vested value of $417,000 at the time of separation. The agreement also provides for approximately $45,000 to cover certain separation-related expenses.
Kociancic will continue to be bound by specified obligations under his employment agreement, with the non-competition period extending through December 31, 2026.
All information is based on a press release statement contained in Everest Group, Ltd.’s recent SEC filing.
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