STOCK TITAN

Lennox appoints Jon Vander Ark to board of directors

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary

Lennox (NYSE: LII) has announced the appointment of Jon Vander Ark to its board of directors, effective June 1, 2024. Vander Ark is currently the President, CEO, and Director of Republic Services, a leading provider of environmental services in the U.S. According to Lennox Board Chair Todd Teske, Vander Ark's strategic growth experience and commitment to sustainability initiatives will be invaluable. Janet Cooper, Chair of Lennox's Board Governance Committee, emphasized that this appointment, along with Soma Somasunduram's addition in March, reflects Lennox's dedication to board refreshment and succession planning. Vander Ark's career includes senior roles at Republic Services and a background in management consulting at McKinsey & Company, along with a strong academic background from Calvin University and Harvard Law School.

Positive
  • Appointment of an experienced industry leader to the board, potentially increasing strategic growth and operational expertise for Lennox.
  • Jon Vander Ark's background in sustainability initiatives aligns with current industry trends, potentially boosting Lennox's long-term shareholder value.
  • The appointment supports Lennox's commitment to board refreshment and succession planning, which can positively affect corporate governance.
  • Vander Ark's extensive experience at Republic Services and McKinsey & Company adds significant operational and strategic knowledge to the Lennox board.
Negative
  • No direct mention of immediate financial benefits or revenue increases associated with the appointment.
  • Potential costs related to onboarding a new board member and aligning strategic initiatives may arise.

DALLAS, May 23, 2024 /PRNewswire/ -- Lennox (NYSE: LII) today announced the appointment of Jon Vander Ark as a member of its board of directors, effective June 1, 2024. Mr. Vander Ark is the President and Chief Executive Officer and a Director of Republic Services, Inc. ("Republic"), a publicly traded company that is one of the largest providers of environmental services in the United States, as measured by revenue.

"We are delighted to welcome Jon to the Lennox Board," said Todd Teske, Lennox's Board Chair. "Jon's strategic growth experience, operational skills, and accomplishments implementing sustainability initiatives make him an excellent addition to our board."

"Jon's expertise will help Lennox further our strategy and aid our focus on delivering long-term shareholder value. The addition of Jon to the Board, following the addition of Soma Somasunduram in March, demonstrates our commitment to Board refreshment and succession planning," said Janet Cooper, Chair of Lennox's Board Governance Committee.

Mr. Vander Ark joined Republic in 2013 and has held a number of senior leadership roles, including Executive Vice President, Chief Operating Officer; Executive Vice President, Operations; and Executive Vice President, Chief Marketing Officer. From 2000 to 2012, Mr. Vander Ark worked at McKinsey & Company, a global management consulting firm, serving as a manager, associate principal, and partner. He also serves on the Board of Chances for Children, a non-profit supporting children in Haiti.

Mr. Vander Ark holds a Bachelor of Arts degree from Calvin University and a juris doctor from Harvard Law School.

About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient climate-control solutions. Dedicated to sustainability and creating comfortable and healthier environments for our residential and commercial customers while reducing their carbon footprint, we lead the field in innovation with our cooling, heating, indoor air quality, and refrigeration systems. Additional information on Lennox is available at www.lennox.com

Media Contact
pr@lennox.com 

Investor Relations Contact
investor@lennox.com

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/lennox-appoints-jon-vander-ark-to-board-of-directors-302154563.html

SOURCE Lennox International Inc.

FAQ

When will Jon Vander Ark join Lennox's board?

Jon Vander Ark will join Lennox's board of directors on June 1, 2024.

What is Jon Vander Ark's current position?

Jon Vander Ark is the President and CEO of Republic Services.

What company does Jon Vander Ark currently work for?

Jon Vander Ark currently works for Republic Services.

What experience does Jon Vander Ark bring to Lennox?

Jon Vander Ark has extensive experience in strategic growth, operational skills, and sustainability initiatives, with senior roles at Republic Services and McKinsey & Company.

Who is the Chair of Lennox's Board Governance Committee?

Janet Cooper is the Chair of Lennox's Board Governance Committee.

What academic qualifications does Jon Vander Ark have?

Jon Vander Ark holds a Bachelor of Arts degree from Calvin University and a juris doctor from Harvard Law School.

Lennox International Inc.

NYSE:LII

LII Rankings

LII Latest News

LII Stock Data

22.20B
31.92M
10.4%
71.84%
3.2%
Building Products & Equipment
Air-cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip
Link
United States of America
RICHARDSON