David J. Wilson Joining Modine Manufacturing Company Board of Directors

Rhea-AI Summary

Modine Manufacturing Company (NYSE: MOD) announced the appointment of David J. Wilson to its Board of Directors, effective May 9, 2022. Wilson, currently CEO of Columbus McKinnon Corporation (Nasdaq: CMCO), brings substantial leadership experience from his previous roles at Flowserve Corporation and SPX Corporation. His expertise will aid Modine's strategic objectives aimed at enhancing operational excellence and driving profitable growth. Wilson will also participate in the Audit and Corporate Governance and Nominating Committees.

Positive

• David J. Wilson's leadership experience may bring strategic insights and enhance the Board's effectiveness.
• His background in transformative leadership could support Modine's goal of sustained profitable growth.

Negative

• Wilson's new role raises concerns about potential gaps in continuity or experience for Modine's strategic direction.

RACINE, Wis., May 12, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, announced today that David J. Wilson has joined the Company's Board of Directors effective May 9, 2022. Mr. Wilson currently serves as President and Chief Executive Officer and as a director of Columbus McKinnon Corporation (Nasdaq:CMCO), a leading designer and manufacturer of motion control products, technologies, automated systems and services for material handling. Prior to joining Columbus McKinnon as CEO in June 2020, he served as the president of the Pumps Division of Flowserve Corporation, a leading provider of flow control products and services for the global infrastructure market. Prior to that, he held various leadership roles at SPX Corporation and its spin-off, SPX FLOW, Inc. as well as with Polaroid Corporation where he began his career as an engineer. 

"We are thrilled to welcome David to the Modine Board," said Marsha Williams, Chairperson, Modine Board of Directors. "David's extensive experience serving as a strategic and transformative leader will be critical as we continue to progress with Modine's own strategic journey. This includes using 80/20 tools to drive commercial and operational excellence and to make the strategic investments that will lead to sustained, profitable growth and a higher return for our shareholders."

Mr. Wilson earned his Bachelor of Science in Electrical Engineering at the University of Massachusetts, Lowell. He will serve on the Audit and Corporate Governance and Nominating Committees and will stand for election at Modine's 2022 annual meeting of shareholders.

About Modine

Modine, with fiscal 2021 revenues of $1.8 billion, specializes in thermal management systems and components, bringing highly engineered heating and cooling components, original equipment products, and systems to diversified global markets. Modine is a global company headquartered in Racine, Wisconsin (USA), with operations in North America, South America, Europe and Asia. For more information about Modine, visit www.modine.com.

Investor & Media Contact
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com

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SOURCE Modine Manufacturing Company

FAQ

What is the significance of David J. Wilson joining Modine's Board of Directors?

David J. Wilson's experience as CEO at Columbus McKinnon may bring valuable strategic insights that can drive Modine's growth.

What committees will David J. Wilson serve on at Modine?

Wilson will serve on the Audit and Corporate Governance and Nominating Committees.

When did David J. Wilson officially join Modine's Board?

He joined Modine's Board of Directors effective May 9, 2022.

What are Modine's strategic goals that David J. Wilson will support?

Wilson will help Modine focus on operational excellence and strategic investments for sustained profitable growth.

What role does David J. Wilson currently hold?

He is the President and CEO of Columbus McKinnon Corporation.