Bridger Aerospace Group Holdings, Inc. announced that Chief Financial Officer Eric Gerratt will retire after the company files its 2025 Form 10‑K in March 2026. Gerratt will remain on staff through the filing to support a smooth transition.
The board has appointed Director Anne Hayes, who currently serves as Deputy Chief Financial Officer, as interim CFO. Hayes brings 20 years of public‑company finance experience and previously chaired the audit committee, positioning her to maintain continuity in financial reporting and capital‑market relationships as the company expands its aerial firefighting and surveillance operations.
In a separate governance move, the board added Ernie Freedman as an independent director and Chair of the Audit Committee. Freedman, a former Executive Vice President and Chief Financial Officer of Invitation Homes, will strengthen oversight of Bridger’s financial controls and risk management.
Bridger’s recent financial performance underscores the context for the transition. Q3 2025 revenue rose 5.2% year‑over‑year to $67.89 million, while net income increased 26.2% to $34.52 million. The company raised its full‑year revenue guidance to $118 million–$123 million, reflecting confidence in continued demand for its firefighting services and technology solutions.
Management highlighted the importance of the transition. CEO Sam Davis said the company is “tremendously grateful for Eric’s leadership” and that Hayes’ deep institutional knowledge will “continue to underscore the company’s focus on financial resiliency.” Gerratt added that he is “confident in Anne’s ability to lead and support the Bridger team as it continues to grow and deliver for its customers, shareholders and team members.”
Bridger has recently secured a $331.5 million senior secured facility led by Bain Capital to refinance debt and fund fleet expansion, further supporting its growth strategy. The CFO succession plan, coupled with strengthened governance, signals the company’s commitment to maintaining financial stability while pursuing aggressive expansion.
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