- Push-out Score determined
- After about six years in the position
- Praise and thanks for Johnson
- Giordano Albertazzi taking over
- Johnson said 93 words
(exechange) — Columbus, Ohio, October 3, 2022 — Rob Johnson, chief executive of Vertiv, leaves. As announced by Vertiv Holdings Co in a news release and in a regulatory filing published on Monday, October 3, 2022, Rob Johnson leaves his post as chief executive officer at the provider of equipment and services for data centers, after about six years in the role, effective December 31, 2022.
Rob Johnson’s duties as CEO will be taken over by Giordano Albertazzi, most recently President, Americas at Vertiv Holdings Co.
“Health-related reasons”
Rob Johnson’s departure from the CEO post is explained as follows. Vertiv said: “Rob Johnson, Chief Executive Officer, will retire from his position as CEO for health reasons effective December 31, 2022.”
Vertiv said: “On October 3, 2022, Rob Johnson, Chief Executive Officer of Vertiv Holdings Co (the “Company”) announced that he will retire from his position as CEO of the Company for health-related reasons effective as of December 31, 2022.”
Share price decline since October 2021
The announcement follows a decline in Vertiv Holdings Co’s share price of 60% since October 2021.
In the position of CEO since 2016
Rob Johnson became CEO of the Company in 2016.
Johnson has served as the Company’s Chief Executive Officer and one of the Company’s directors since February 7, 2020.
From December 2016 until the Business Combination in February 2020, Johnson served as the Chief Executive Officer of Vertiv and was Vertiv’s first CEO.
Prior to December 2016, he had been an operating partner at venture capital firm Kleiner Perkins Caufield & Byers (“Kleiner Perkins”) from 2014 to 2016. From 2013 to 2014, Johnson worked in executive positions at Consolidated Container Corporation.
Prior to Consolidated Container Company, Johnson had a five-year tenure, between 2008 and 2013, in executive positions at A123 Systems (formerly NASDAQ: AONE), a global manufacturer of lithium ion batteries.
On October 16, 2012, A123 Systems voluntarily filed for protection under Chapter 11 of the U.S. Bankruptcy Code and, on January 29, 2013, A123 Systems completed the sale of substantially all of its assets and operations.
Johnson was the Chief Executive Officer of American Power Conversion (formerly NASDAQ: APCC) (“APC”) from 2006 until 2007, where he managed the company’s sale to Schneider Electric (OTC: SBGSY) for $6.1 billion in 2007.
Prior to his CEO role at APC, Johnson was a general manager at APC with responsibility for power management, thermal management, IT infrastructure, along with software and controls.
Before his roles at APC, Johnson led Systems Enhancement Corporation, a company he founded to create innovative software and hardware solutions for the data center industry.
He sold that company to APC in 1997.
Johnson earned a Bachelor of Science and honorary Ph.D. in Engineering Management from The Missouri University of Science and Technology.
He was elected into the Engineering Management Academy of Sciences.
He served on several boards in the past and is the co-author of “Executing Your Business Transformation,” a guide for companies navigating major changes published in 2010.
Rob Johnson is the brother of Patrick Johnson who serves as the Company’s Executive Vice President of Integrated Rack Solutions.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Rob Johnson’s move on a scale of 0 to 10.
exechange reached out to Vertiv and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 41.2022 ($).