Allegion Appoints Ellen Rubin to Board of Directors

Rhea-AI Summary

Allegion plc (NYSE: ALLE) has appointed Ellen Rubin, founder and CEO of Causely, Inc., to its board of directors. Rubin brings extensive experience from the IT industry, having served in leadership roles at notable companies including Amazon Web Services and ClearSky Data. Allegion's Chair, Kirk Hachigian, emphasized Rubin's entrepreneurial success and her ability to identify market opportunities as assets for the company’s growth. With her addition, Allegion's board now consists of nine members with 56% diversity. Rubin will participate in key committees, including Audit and Finance, Compensation and Human Capital, and Corporate Governance. Allegion reported revenue of $3.3 billion in 2022, focusing on security solutions worldwide.

Positive

• Ellen Rubin's appointment adds significant IT expertise to the board, potentially driving technological growth.
• Diversity on the board increased to 56%, aligning with modern governance standards.

Negative

• Concerns may arise regarding the continuity and experience gaps, given the new member's background primarily in IT rather than security products.

DUBLIN--(BUSINESS WIRE)-- Allegion plc (NYSE: ALLE), a leading global security products and solutions provider, has appointed Ellen Rubin, founder and CEO of Causely, Inc., to the company's board of directors.

Ellen Rubin (Photo: Business Wire)

Rubin has extensive entrepreneurial and leadership experience across the information technology (IT) industry. She founded Causely – an IT operations venture – after serving as general manager of hybrid cloud services at Amazon Web Services (AWS). Previously, she founded enterprise cloud storage company ClearSky Data, Inc. and hybrid cloud computing company CloudSwitch, serving as CEO at each until their respective acquisitions by AWS and Verizon. Earlier in her career, Rubin was vice president of marketing at Netezza, a leader in the data warehousing market that went public in 2007 and was subsequently acquired by IBM.

“Ellen is a successful technology leader who has served as CEO and founder across multiple organizations that have scaled and disrupted the IT industry, leading to IPO and acquisition,” Chair of Allegion’s Board of Directors Kirk Hachigian said. “She has a track record of embracing entrepreneurship, expanding strategic partnerships and building culture. Ellen excels at identifying new market opportunities and developing technology that adds value for enterprise customers. Her expertise will serve Allegion well as we pursue technology-fueled growth and our vision of seamless access and a safer world.”

With Rubin’s appointment, Allegion has a nine-member board of directors with 56% diversity across gender, racial and ethnic representation. In addition, with the exception of President and CEO John H. Stone, all board members are independent (including Chair Hachigian). Rubin will be a member of the board’s Audit and Finance Committee, Compensation and Human Capital Committee as well as its Corporate Governance and Nominating Committee.

Rubin also currently serves on the board of directors at Chase Corporation. She has been recognized as one of the “Top 10 Women in the Cloud” by CloudNOW, as a “Woman to Watch” by Mass High Tech and as a “Rising Star Entrepreneur” by the New England Venture Capital Association.

For more on Allegion’s corporate governance, refer to www.allegion.com/ESG. You can also see the company’s full board of directors by clicking here.

About Allegion

Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA^®, Interflex^®, LCN^®, Schlage^®, SimonsVoss^® and Von Duprin^®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $3.3 billion in revenue in 2022, and its security products are sold around the world.

For more, visit www.allegion.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005364/en/

Media Contact:

Whitney Moorman – Reputation Management Leader

317-810-3241

Whitney.Moorman@allegion.com

Analyst Contact:

Tom Martineau – Vice President, Investor Relations, and Treasurer

317-810-3759

Tom.Martineau@allegion.com

Source: Allegion plc

FAQ

What is the significance of Ellen Rubin's appointment to Allegion's board?

Ellen Rubin's appointment brings vast IT industry experience and a track record of successful leadership, which can fuel Allegion's technology-driven growth.

How does Ellen Rubin's background enhance Allegion's board?

Rubin's experience in founding and scaling technology companies can provide fresh insights and strategic direction for Allegion's product innovation.

What is Allegion's revenue for 2022?

Allegion reported a revenue of $3.3 billion for the year 2022.

What committees will Ellen Rubin be a part of on Allegion's board?

Ellen Rubin will serve on the Audit and Finance Committee, Compensation and Human Capital Committee, and the Corporate Governance and Nominating Committee.

What percentage of Allegion's board is comprised of diverse members?

Allegion's board now has 56% diversity across gender, racial, and ethnic representation.