- Push-out Score determined
- After around 14 years in the position
- Accolades, praise and thanks for Bluedorn
- Search for a successor
- Bluedorn kept it short and said 52 words
(exechange) — Dallas, Texas, July 14, 2021 — Todd Bluedorn, chief executive of Lennox, prepares for his departure. As announced by Lennox International Inc. in a news release and in a regulatory filing published on Wednesday, July 14, 2021, Todd M. Bluedorn is preparing to leave his post as chief executive officer at the provider of climate-control products after around 14 years in the role, effective in mid-2022.
Lennox will undertake a search for a successor.
“To create a better balance between his personal and professional priorities”
Todd Bluedorn’s departure from the CEO post is explained as follows. Lennox said: “[A]fter 15 years, Todd Bluedorn informed the Board he will be stepping down as Chairman and Chief Executive Officer in mid-2022 based on his desire to create a better balance between his personal and professional priorities.”
Precise information regarding Todd Bluedorn’s future plans was not immediately available.
Lennox said: “On July 8, 2021, Todd M. Bluedorn, Chairman of the Board and Chief Executive Officer of Lennox International Inc. (the “Company”) advised the Company’s Board of Directors that he intended to resign as Chief Executive Officer and as a member of the Board of Directors in mid-2022.”
Share price increase since July 2016
The announcement follows an increase in Lennox International Inc.’s share price of 136% since July 2016.
In the position of CEO since 2007
Todd Bluedorn became CEO of the Company in 2007.
Todd M. Bluedorn became Chief Executive Officer and was elected as a director of the Company in April 2007.
He was appointed as Chairman of the Board in May, 2012.
Prior to joining the Company, Bluedorn served in numerous senior management positions for United Technologies Corporation since 1995, including President, Americas — Otis Elevator Company; President, North America — Commercial Heating, Ventilation and Air Conditioning for Carrier Corporation; and President, Hamilton Sundstrand Industrial.
He began his professional career with McKinsey & Company in 1992.
A graduate of the United States Military Academy at West Point with a bachelor of science in electrical engineering, Bluedorn is Ranger qualified and served in the U.S. Army as a Combat Engineer officer from 1985 to 1990.
He received his M.B.A. from Harvard University School of Business in 1992.
Bluedorn also serves on the Board of Directors of Texas Instruments Incorporated, a global designer and manufacturer of semiconductors and on the Board of Trustees of Washington University in St. Louis.
Bluedorn served on the Board of Directors of Eaton Corporation, a diversified industrial manufacturer from 2010 to 2020.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Todd Bluedorn’s move on a scale of 0 to 10.
exechange reached out to Lennox and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 29.2021 ($).