USA: Daikin Applied Americas president and CEO Mike Schwartz has announced his intention to retire from his position at the end of August.
Schwartz has been president and CEO since September 2011. When he joined, he was charged with transforming a complacent organisation into a high performing contender in the marketplace.
Under his watch, Daikin Applied Americas increased manufacturing capacity by 75%, doubled the employee base to 4,900, including throughout North, Central and South America, and transformed the company from an equipment manufacturer to a solutions provider by developing a connected solutions business, acquiring interest in software and systems integration companies, and strengthening the sales and service channels
His success was recognised with a position on the board of parent company Daikin Industries in 2019.
Prior to joining Daikin, Mike Schwartz led the financial turnaround of RathGibson LLC, a privately held manufacturer of precision engineered industrial tubing. He also held key leadership roles at Lennox International from 1997-2005, including president and COO of its Armstrong Air Conditioning business, as well as president and COO of its residential and light commercial business, and Lennox’s Heatcraft refrigeration business.
He started his career in 1981 at Bohn Heat Transfer, which was acquired by Lennox in 1989.