Current president and chief operating officer, Dave Regnery, has been named CEO of Trane Technologies.
Effective July 1, he will also join the board of directors.
Regnery succeeds Mike Lamach, who will serve as executive chair of the board until his retirement in the first half of 2022.
Joining the company in 1985, Regnery has been with Trane Technologies for his entire career.
In his current role as president and COO, Regnery has had direct responsibility for the company’s three regional reporting segments and full portfolio of businesses and brands, including Trane and Thermo King. He also has had oversight of the company’s global business operations, including supply chain, engineering and information technology.
Throughout his tenure, Regnery has led all of the company’s businesses around the world, including the commercial HVAC, residential HVAC and transport refrigeration businesses.
Under his leadership, the company launched its successful EcoWise portfolio of products, designed to lower environmental impact through high efficiency operation and low global warming potential refrigerants.
Commenting on the appointment, Lamach said Regnery is the clear choice to lead Trane Technologies into the future, and is consistent with the company’s succession plan.
Lamach, who was named CEO in February 2010 and elected chair of the board of directors in June 2010, will become executive chair. In this role,
Lamach will continue to chair the board and work closely with Gary Forsee, incoming lead independent director, on governance matters, and with Regnery on the company’s long-term strategic plans, until his retirement next year.