Regnery named Trane CEO

IRELAND: Dave Regnery, current president and chief operating officer, 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. Beginning in the company’s financial leadership development programme, he then progressed through financial and commercial leadership and general management roles.

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. 

“Dave Regnery is the clear choice to lead Trane Technologies into the future, consistent with our comprehensive succession plan,” commented Mike Lamach. “Dave has worked alongside me to shape nearly every aspect of our global business – from our business operating system, to our sustainability and innovation leadership, to the development of our culture of inclusion and engagement, which has led to a deep pool of leadership talent. Dave was the co-architect of our transformation as a focused climate innovator.”

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 sometime in the first half of 2022.