Copeland Appoints New Chief Financial Officer

Rhea-AI Summary

Copeland (NYSE: AXTA) appoints Sean Lannon as new Chief Financial Officer, following Blackstone's majority stake acquisition. Lannon brings over 20 years of finance and manufacturing experience, joining from Axalta. Copeland focuses on sustainable climate solutions and advancing next-gen climate technologies.

Positive

• Sean Lannon's extensive experience in finance and industrial manufacturing sector will strengthen Copeland's leadership team.
• Blackstone's acquisition of a majority stake in Copeland marks a significant milestone in the HVACR industry, signaling potential growth and innovation in sustainable climate solutions.

Negative

• None.

Sean Lannon brings more than 20 years of experience in finance, chemicals and global manufacturing to HVACR industry leader

ST. LOUIS--(BUSINESS WIRE)-- Copeland, a global provider of sustainable climate solutions, has announced that Sean Lannon will join the company in August as the Chief Financial Officer (CFO) for the organization. In May, Blackstone, the world’s largest alternative asset manager, acquired a majority stake in Copeland, formerly Emerson Climate Technologies, marking a significant milestone in the HVAC and refrigeration (HVACR) industry leader’s journey to advance the next generation of climate technologies.

Copeland appoints Sean Lannon as new Chief Financial Officer. (Photo: Business Wire)

“Sean brings with him vast experience across numerous industries within the industrial manufacturing sector. With his finance and leadership experience, Sean will be a key addition to the Copeland team as we grow and strengthen the Copeland business through our focus on developing and delivering sustainable technologies for the HVACR and industrial compression industry,” said Copeland Chief Executive Officer Ross B. Shuster. “We look forward to welcoming Sean to Copeland as we build out our leadership team.”

An experienced leader in both public and private companies, Lannon joins Copeland from Axalta (NYSE: AXTA), where he most recently served as the company's CFO. Lannon was a key member of the team that led Axalta's transformation to a standalone company and the transition of the company from private ownership to its public listing in 2014. Prior to joining Axalta, Lannon held financial roles at Trinseo, Endo Pharmaceuticals and PricewaterhouseCoopers. He holds a Bachelor of Science degree in accounting from Philadelphia University.

“It’s an exciting time to join Copeland as it transitions to a leading, standalone company in the HVACR and industrial compression industry. As I looked to join Copeland, I was impressed by the company's focus on scaling decarbonization, accelerating electrification and delivering value to its customers,” said Lannon. “Copeland is poised to play a critical role in influencing how sustainability plays into society.”

Learn more about Copeland’s sustainable solutions at Copeland.com.

About Copeland

Copeland, a global provider of sustainable climate solutions, combines category-leading brands in compression, controls, software and monitoring for heating, cooling and refrigeration. With best-in-class engineering and design and the broadest portfolio of modulated solutions, we’re not just setting the standard for compressor leadership; we’re pioneering its evolution. Combining our technology with our smart energy management solutions, we can regulate, track and optimize conditions to help protect temperature-sensitive goods over land and sea, while delivering comfort in any space. Through energy-efficient products, regulation-ready solutions and expertise, we’re revolutionizing the next generation of climate technology for the better. For more information, visit copeland.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230726029137/en/

Libby Panke

Libby.Panke@fleishman.com

Source: Copeland

FAQ

Who is the new Chief Financial Officer of Copeland?

Sean Lannon is the new Chief Financial Officer of Copeland.

What is Copeland's focus in the HVACR industry?

Copeland is focused on developing and delivering sustainable technologies for the HVACR and industrial compression industry.

What is the significance of Blackstone's acquisition of a majority stake in Copeland?

Blackstone's acquisition marks a significant milestone in the HVACR industry, signaling potential growth and innovation in sustainable climate solutions.