Open report — full analysis, no account required.
Sign up to generate reports and read filings that aren't on the open list.
Get notified when KEEL files again. Create a free account and we'll email you the moment its next filing is analyzed.
Get filing alertsKeel Infrastructure appoints Ganesh Aiyer as President to lead commercial expansion
Filed July 6, 2026 · Period ending July 5, 2026 · ~1 min read
Key Changes
-
high
Ganesh Aiyer, 55, appointed President effective July 6, 2026, reporting to CEO. Aiyer previously served as Chief Business Officer at Digital Realty Trust, leading global commercial strategy for a major data center REIT with 300+ facilities across 25 countries.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Compensation package includes $500k base salary, 100% target bonus ($500k), and $1.5M in restricted stock units vesting 50% in January 2027, 25% in July 2027, and 25% in January 2028, plus 100,000 stock options vesting January 2027.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Change of control provisions provide 24 months base salary severance, bonuses at 200% of performance, and accelerated equity vesting if terminated within 18 months after or 6 months before a change of control.
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation verify on EDGAR → -
medium
Aiyer will lead Keel's commercial and pipeline expansion activities, focusing on building go-to-market strategies for U.S. sites and expanding the company's power pipeline.
Exhibit 99.1 view on EDGAR →
Summary
Keel Infrastructure has appointed Ganesh Aiyer as President to lead commercial and pipeline expansion. Aiyer brings 25 years of data center and technology sector experience, most recently as Chief Business Officer at Digital Realty Trust, where he led global commercial strategy for one of the world's largest data center REITs operating over 300 facilities across 25 countries.
He previously held senior roles at Schneider Electric and Dell Technologies. The appointment signals Keel's focus on scaling its commercial operations and power pipeline. CEO Ben Gagnon emphasized building on current momentum for U.S. sites and establishing repeatable growth systems.
The compensation package includes $500k base salary, up to $500k annual bonus, and $1.5M in equity grants with relatively short vesting periods (50% vesting within seven months). The change of control provisions, offering 24 months severance and 200% performance bonuses, provide standard executive protection in acquisition scenarios. For investors, the hire represents a strategic investment in commercial leadership as Keel positions for expansion in the digital infrastructure and energy sectors.
Section-by-Section Diff
Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation
Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.
Added in current filing · verify on EDGAR →
Mr. Aiyer will re ... ceive an annual base salary of USD $500,000, less statutory deductions and withholdings, payable bi-weekly in accordance with the Company’s usual payroll practices, and subject to annual review. ... Mr. Aiyer will be eligible to participate in the Company’s short-term incentive plan, with a target annual bonus opportunity equal to one hundred percent (100%) of his annual base salary, with performance measured based on seventy-five percent (75%) corporate KPIs and twenty-five percent (25%) individual KPIs.
Aiyer's compensation includes a $500,000 annual base salary and eligibility for a target annual bonus equal to 100% of base salary (up to $500,000), with performance measured 75% on corporate KPIs and 25% on individual KPIs. The bonus is payable annually in cash based on achievement of pre-established objectives.
Added in current filing · verify on EDGAR →
If Mr. Aiyer experiences a Qualified Change of Control Termination, defined as a termination by the Company without Cause, other than due to death or Disability, or by Mr. Aiyer for Good Reason, within eighteen (18) months following or in the six (6) months preceding a Change of Control, he will be entitled to accrued benefits and the Qualified Change of Control Termination Entitlements under the employment agreement. Those entitlements include severance pay equal to twenty-four (24) months of base salary. They also include any unpaid annual bonus under the short-term incentive plan for the year prior to the year of termination, based on 200% of individual and corporate performance, and a pro-rata bonus under the short-term incentive plan for the year of termination, based on actual achievement of individual performance and 200% achievement of corporate performance
In a change of control scenario where Aiyer is terminated without cause or resigns for good reason within 18 months after or 6 months before the change of control, he receives enhanced severance of 24 months base salary, unpaid prior-year bonuses at 200% of performance, pro-rata current-year bonus at 200% corporate performance, accelerated equity vesting, and continued health coverage. This double-trigger provision protects the executive in acquisition scenarios.
Show 1 minor / wording change
Added in current filing · verify on EDGAR →
If Mr. Aiyer’s employment is terminated by the Company without Cause or by Mr. Aiyer for Good Reason, he will be entitled to accrued benefits and, subject to execution and non-revocation of a general release of claims, separation entitlements under the employment agreement. If Mr. Aiyer has completed at least six (6) months of employment, those separation entitlements include severance pay equal to twelve (12) months of base salary, plus two (2) additional months for each completed year of service, capped at a total of eighteen (18) months, payable in a lump sum within twenty (20) days after the later of receipt of an executed release or expiration of any revocation period under the executed release.
If terminated without cause or if Aiyer resigns for good reason after six months of service, he is entitled to severance equal to 12 months of base salary plus 2 additional months per completed year of service, capped at 18 months total. He would also receive unpaid prior-year bonuses, pro-rata current-year bonus, accelerated equity vesting per the plan terms, and continued health coverage during the severance period.
Event · Exhibit 99.1
Added in current filing · view on EDGAR →
Keel Infrastructure Corp. (Nasdaq: KEEL; TSX: KEEL) (“Keel Infrastructure” or “Keel”), a North American digital infrastructure and energy company, today announced the appointment of Ganesh Aiyer as President. Mr. Aiyer will report to CEO Ben Gagnon and lead Keel’s commercial and pipeline expansion activities, positioning the Company for long-term growth.
Keel Infrastructure has appointed Ganesh Aiyer as President, reporting to CEO Ben Gagnon. Mr. Aiyer will lead the company's commercial and pipeline expansion activities. He most recently served as Chief Business Officer at Digital Realty Trust, one of the world's largest data center REITs, where he led global commercial strategy and business operations.
Added in current filing · verify on EDGAR →
Mr. Aiyer most recently served as Chief Business Officer at Digital Realty Trust, one of the world’s largest data center REITs, which owns and operates more than 300 data centers across 25 countries. At Digital Realty, Mr. Aiyer led global commercial strategy and business operations for hyperscale, cloud, enterprise and channel customers. Before that, Mr. Aiyer held senior executive roles at Schneider Electric and Dell Technologies, driving large-scale growth, sales, and go-to-market strategies across the full data center infrastructure stack.
The new President brings 25 years of experience in the data center and technology sectors. His background includes leading global commercial strategy at Digital Realty Trust, which operates more than 300 data centers across 25 countries, and senior executive roles at Schneider Electric and Dell Technologies focused on growth and go-to-market strategies.
Added in current filing · view on EDGAR →
“Ganesh has a strong track record of execution and understands how to build go-to-market strategies around differentiated products, and put in place the systems and teams that make growth repeatable and sustainable. As a proven leader, he will be an invaluable asset as we continue to build on Keel’s current commercial momentum for our U.S. sites and expand our power pipeline.”
CEO Ben Gagnon emphasized that the appointment aims to build on Keel's current commercial momentum for U.S. sites and expand the company's power pipeline. The focus is on building go-to-market strategies and establishing systems and teams to make growth repeatable and sustainable.
Thanks — your feedback helps us improve report quality.
Figures/quotes linked to EDGAR · Narrative written by AI · Jul 10, 2026 · How we verify