Modine Names Art Laszlo as Vice President, General Manager - Liquid-Cooled Applications

Rhea-AI Summary

Modine Manufacturing Company (NYSE: MOD) announced the appointment of Art Laszlo as Vice President, General Manager – Liquid-Cooled Applications, effective immediately. Laszlo, with over 20 years of experience, will lead the newly formed product group focused on manufacturing heat exchangers for various applications. Matt Powell will transition to Vice President, General Manager – Air-Cooled Applications. These changes aim to enhance focus and accountability within the company's structure.

Positive

• Appointment of Art Laszlo as VP, General Manager for Liquid-Cooled Applications enhances leadership.
• Laszlo brings over 20 years of industry experience, promising improved operational effectiveness.
• Organizational restructuring aims at increased focus and accountability.

Negative

• None.

RACINE, Wis., Oct. 5, 2022 /PRNewswire/ -- Modine Manufacturing Company (NYSE: MOD), a diversified global leader in thermal management technology and solutions, today announced that Art Laszlo has joined Modine as Vice President, General Manager – Liquid-Cooled Applications. In this role, Mr. Laszlo will be responsible for leading the Liquid-Cooled Applications product group, formed at the beginning of the fiscal year. This product group manufactures heat exchangers for engine, stationary power and industrial applications.

Mr. Laszlo brings more than 20 years of experience to this role, previously serving as a transformative business leader in both large Fortune 100 and medium-size private equity portfolio companies. Most recently, Mr. Laszlo was the President, Advanced Flow Solutions at IDEX, where he managed their liquids controls businesses. Prior to IDEX, Mr. Laszlo held leadership positions with GE Measurement, Highway Technologies, Mars Incorporated and General Motors.

"Art has a proven track record of implementing an 80/20 approach to simplify, focus and scale global business units that will be invaluable as the Performance Technologies segment transforms our liquid-cooled product group," said Adrian I. Peace, President, Performance Technologies.

With Mr. Laszlo's appointment, Matt Powell will become Vice President, General Manager – Air-Cooled Applications, with responsibility for leading the Air-Cooled Applications product group, which manufactures components sold to commercial vehicle, off-highway and automotive end markets. Mr. Powell previously held the role of Vice President, General Manager – Powertrain Cooling Solutions. These appointments serve to advance previously announced structure changes designed to drive focus, accountability and dedicated strategies by technology and product group.

About Modine

At Modine, we are engineering a cleaner, healthier world. Building on more than 100 years of excellence in thermal management, we provide trusted systems and solutions that improve air quality and conserve natural resources. More than 11,000 employees are at work in every corner of the globe, delivering the solutions our customers need, where they need them. Our Climate Solutions and Performance Technologies segments support our purpose by improving air quality, reducing energy and water consumption, lowering harmful emissions and enabling cleaner running vehicles and environmentally friendly refrigerants. 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

Who is the new Vice President of Liquid-Cooled Applications at Modine?

Art Laszlo has been appointed as Vice President, General Manager – Liquid-Cooled Applications at Modine.

What experience does Art Laszlo bring to Modine?

Art Laszlo brings over 20 years of leadership experience from previous companies, including IDEX and General Motors.

What is the focus of the Liquid-Cooled Applications product group at Modine?

The Liquid-Cooled Applications product group focuses on manufacturing heat exchangers for engine, stationary power, and industrial applications.

When was Art Laszlo's appointment announced?

Art Laszlo's appointment was announced on October 5, 2022.

What changes were made to Modine's organizational structure?

Modine announced structural changes to enhance focus and accountability in its technology and product groups.