EnerSys names Shawn O'Connell CEO as David Shaffer retires
EnerSys said David M. Shaffer retired as CEO and director effective May 22, 2025, and Shawn M. O'Connell became President and CEO and a Class III director effective May 23, 2025. The filing also raises O'Connell's base salary and expands his severance terms, which may matter to shareholders as the company's leadership changes.
Key points
- Shawn M. O'Connell appointed President and CEO effective May 23, 2025, succeeding David M. Shaffer, who retired effective May 22, 2025.
- O'Connell's annual base salary increased to $950,000 and his 2026 incentive payout percentage increased to 115% of base salary.
- O'Connell's severance agreement was amended to a lump sum of two times his base compensation plus target annual bonus, with COBRA reimbursement extended to two years.
- Andrea J. Funk, CFO, received restricted stock units with a fair market value of $1.5 million on May 23, 2025.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 23, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.