Management ChangeMay 4, 2026, 04:38 PM
POOLCORP Appoints John B. Watwood as CEO; Arvan Steps Down
AI Summary
POOLCORP announced a leadership transition, with Peter D. Arvan stepping down as President, CEO, and Director, effective May 4, 2026. John B. Watwood, previously Executive Vice President, has been appointed as the new President and CEO. Additionally, John E. Stokely, the current Chair of the Board, was appointed Executive Chair. The company also detailed compensation for the new CEO and Executive Chair, reaffirmed its full-year 2026 guidance, and postponed its Investor Day.
Key Highlights
- Peter D. Arvan stepped down as President, CEO, and Director, effective May 4, 2026.
- John B. Watwood appointed President and CEO, effective May 4, 2026.
- Mr. Watwood's annual salary is $800,000, with a target bonus of 125% of base salary.
- Mr. Watwood received an initial equity grant valued at approximately $1,750,000.
- John E. Stokely appointed Executive Chair, receiving a monthly fee of $50,000.
- David G. Whalen appointed lead independent director, receiving a monthly fee of $5,000.
- The Board reduced its size to eight directors following Mr. Arvan's resignation.
- POOLCORP postponed its Investor Day, previously scheduled for May 12, 2026.
Price Impact
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