UL Solutions Announces Updates to Board of Directors
UL Solutions (NYSE: ULS) announced changes to its board of directors. Director Frank Coyne will not seek re-election at the 2025 annual meeting due to retirement policy, while Director Lisa Lambert will not stand for election for personal reasons. The board intends to nominate Vikram Kini, current SVP and CFO of Ingersoll Rand, as a new board member.
Coyne, who joined in 2012, served on the UL Research Institutes board from 2009 to 2017. Lambert has served since June 2021. Kini brings extensive financial leadership experience from his roles at Ingersoll Rand, Gardner Denver Holdings, General Electric, and SABIC. Following these changes, the board size will reduce from 13 to 12 members.
UL Solutions (NYSE: ULS) ha annunciato cambiamenti nel suo consiglio di amministrazione. Il direttore Frank Coyne non si ricandiderà per il rinnovo alla riunione annuale del 2025 a causa della politica di pensionamento, mentre la direttrice Lisa Lambert non si presenterà per motivi personali. Il consiglio ha intenzione di nominare Vikram Kini, attuale SVP e CFO di Ingersoll Rand, come nuovo membro del consiglio.
Coyne, che si è unito nel 2012, ha fatto parte del consiglio degli UL Research Institutes dal 2009 al 2017. Lambert è in carica da giugno 2021. Kini porta con sé una vasta esperienza nella leadership finanziaria grazie ai suoi ruoli in Ingersoll Rand, Gardner Denver Holdings, General Electric e SABIC. A seguito di questi cambiamenti, la dimensione del consiglio si ridurrà da 13 a 12 membri.
UL Solutions (NYSE: ULS) anunció cambios en su junta directiva. El director Frank Coyne no buscará la reelección en la reunión anual de 2025 debido a la política de jubilación, mientras que la directora Lisa Lambert no se presentará a las elecciones por razones personales. La junta tiene la intención de nominar a Vikram Kini, actual SVP y CFO de Ingersoll Rand, como nuevo miembro de la junta.
Coyne, que se unió en 2012, formó parte de la junta de UL Research Institutes desde 2009 hasta 2017. Lambert ha estado en el cargo desde junio de 2021. Kini aporta una amplia experiencia en liderazgo financiero de sus roles en Ingersoll Rand, Gardner Denver Holdings, General Electric y SABIC. Tras estos cambios, el tamaño de la junta se reducirá de 13 a 12 miembros.
UL Solutions (NYSE: ULS)는 이사회 변화 사항을 발표했습니다. 이사 Frank Coyne는 은퇴 정책으로 인해 2025년 정기총회에서 재선에 나서지 않을 것이며, 이사 Lisa Lambert는 개인적인 사유로 선거에 나서지 않을 것입니다. 이사회는 현재 Ingersoll Rand의 SVP이자 CFO인 Vikram Kini를 새로운 이사로 지명할 계획입니다.
2012년에 합류한 Coyne은 2009년부터 2017년까지 UL Research Institutes 이사로 활동했습니다. Lambert는 2021년 6월부터 재직 중입니다. Kini는 Ingersoll Rand, Gardner Denver Holdings, General Electric 및 SABIC에서의 역할을 통해 광범위한 재무 리더십 경험을 제공합니다. 이러한 변화에 따라 이사회 규모는 13명에서 12명으로 줄어듭니다.
UL Solutions (NYSE: ULS) a annoncé des changements au sein de son conseil d'administration. Le directeur Frank Coyne ne se représentera pas à l'élection lors de l'assemblée générale de 2025 en raison de la politique de retraite, tandis que la directrice Lisa Lambert ne se présentera pas pour des raisons personnelles. Le conseil a l'intention de nommer Vikram Kini, actuel SVP et CFO d'Ingersoll Rand, comme nouveau membre du conseil.
Coyne, qui a rejoint en 2012, a siégé au conseil des UL Research Institutes de 2009 à 2017. Lambert est en fonction depuis juin 2021. Kini apporte une vaste expérience en leadership financier grâce à ses rôles chez Ingersoll Rand, Gardner Denver Holdings, General Electric et SABIC. Suite à ces changements, la taille du conseil diminuera de 13 à 12 membres.
UL Solutions (NYSE: ULS) hat Änderungen im Vorstand bekannt gegeben. Der Direktor Frank Coyne wird sich aufgrund der Ruhestandsregelung nicht zur Wiederwahl bei der Jahreshauptversammlung 2025 stellen, während die Direktorin Lisa Lambert aus persönlichen Gründen nicht zur Wahl antreten wird. Der Vorstand beabsichtigt, Vikram Kini, derzeit SVP und CFO von Ingersoll Rand, als neues Vorstandsmitglied zu nominieren.
Coyne, der 2012 beigetreten ist, war von 2009 bis 2017 im Vorstand der UL Research Institutes tätig. Lambert ist seit Juni 2021 im Amt. Kini bringt umfangreiche Erfahrungen in der finanziellen Führung aus seinen Rollen bei Ingersoll Rand, Gardner Denver Holdings, General Electric und SABIC mit. Nach diesen Änderungen wird sich die Größe des Vorstands von 13 auf 12 Mitglieder verringern.
- Board size optimization from 13 to 12 members, potentially improving governance efficiency
- Nomination of experienced CFO Vikram Kini brings strong financial expertise to the board
- Loss of two experienced board members simultaneously
- Departure of Lisa Lambert reduces technology expertise on the board
Director Frank Coyne will not be nominated for election at the company’s 2025 annual meeting of stockholders in accordance with the board’s director retirement policy. Director Lisa Lambert has notified the board that she will not stand for election at the annual meeting for personal reasons.
The board intends to nominate Vikram Kini, senior vice president and chief financial officer of Ingersoll Rand Inc., to stand for election at the annual meeting.
“After 16 years of service, we thank Frank Coyne for his dedication to the board’s mission and wish him all the best on his well-deserved retirement,” said Jennifer Scanlon, president and CEO, UL Solutions. “We’re also grateful for Lisa Lambert’s much-valued contributions to the board and wish her the best of luck on the next endeavor. We look forward to welcoming Vik Kini and value his experience and expertise.”
Coyne joined the board in 2012 and served on the UL Research Institutes board of trustees from 2009 to 2017. He brought significant experience as a public company executive and as an executive in industries that are adjacent to UL Solutions.
Lambert has served on the board since June 2021, drawing on her significant corporate leadership experience and extensive technology and financial knowledge.
Kini has served since 2020 as the senior vice president and chief financial officer of Ingersoll Rand Inc., a global provider of mission-critical flow creation and life science and industrial solutions. Prior to that, he joined Gardner Denver Holdings, Inc. in 2011 as its director of financial planning and analysis, which merged with Ingersoll Rand’s Industrials business segment in 2020. He served as Gardner Denver’s vice president of investor relations and held other leadership roles, including vice president of financial planning and analysis, as well as vice president of the finance and industrials segment. Before joining Gardner Denver, Kini served in various financial roles with General Electric Company and SABIC, a multinational chemical manufacturing company.
With these changes, the board approved a reduction in the number of board members from 13 to 12, effective at the annual meeting.
About UL Solutions
A global leader in applied safety science, UL Solutions (NYSE: ULS) transforms safety, security and sustainability challenges into opportunities for customers in more than 110 countries. UL Solutions delivers testing, inspection and certification services, together with software products and advisory offerings, that support our customers’ product innovation and business growth. The UL Mark serves as a recognized symbol of trust in our customers’ products and reflects an unwavering commitment to advancing our safety mission. We help our customers innovate, launch new products and services, navigate global markets and complex supply chains, and grow sustainably and responsibly into the future. Our science is your advantage.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SECURITIES AND EXCHANGE COMMISSION
The company plans to file with the
Investors and security holders will be able to obtain free copies of the Proxy Statement and other documents filed with the SEC by the company through the website maintained by the SEC at www.sec.gov. In addition, investors and security holders will be able to obtain free copies of the Proxy Statement from the company by contacting UL Solutions Inc., 333 Pfingsten Road,
The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies with respect to the approval of Mr. Kini’s nomination. Additional information regarding interests of such participants will be included in the Proxy Statement that will be filed with the SEC and available free of charge as indicated above.
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Source: UL Solutions Inc
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