Watsco Announces Advisory Board Appointments
June 08 2021 - 7:30AM
Watsco, Inc. (NYSE: WSO) – Watsco, Inc. today announced
appointments to its Advisory Board.
In 2019, Watsco formed an Advisory Board to
provide thoughts, advice, and non-binding recommendations to its
Board of Directors. Members of the Advisory Board may include
possible future Board members, former Board members and other
individuals that may be able to provide valuable insight. Recent
appointments to Watsco’s Advisory Board include:
Ana Lopez-BlazquezAna
Lopez-Blazquez is Executive Vice President, Chief Strategy &
Transformation Officer for Baptist Health and Chief Executive
Officer of Baptist Health Enterprises, a subsidiary of Baptist
Health. She is responsible for strategy development and execution
with particular emphasis on driving the growth agenda and brand
management of Baptist Health across South Florida. As Chief
Transformation Officer, Ms. Lopez-Blazquez provides overall
strategic leadership and direction for all aspects of business
transformation including implementation strategy. Ms.
Lopez-Blazquez joined Baptist Hospital of Miami in 1987 as Director
of Planning and has led their strategic planning and
business/market development functions since that time.
LeShelle MayLeShelle May is an
accomplished computer engineer recognized for her leadership and
innovation in the development of software and web applications. Ms.
May led a distinguished 21-year career at CNN in Atlanta as a
senior software manager and developer. She headed several advanced
projects, including CNNgo, which enables online viewers to watch
live news coverage and a video content management system known as
MS2, which won CNN a Technology & Engineering Emmy Award in
2000. Prior to CNN, she worked in various technology positions for
Indus International and BellSouth Corp.
Lorna MeyerLorna Meyer is a
Managing Director with Bank of America Merrill Lynch’s Private
Wealth Management Group in San Francisco, California. She joined
Merrill Lynch in 2001 and, with over 45 years of experience,
provides comprehensive wealth management services throughout
Silicon Valley and the Bay Area and has been recognized by Forbes
as one of the top 250 wealth advisors in the country and one of the
top 25 women wealth advisors nationwide.
Troy RiceTroy Rice is Vice
President and General Manager of FPL Energy Services, a subsidiary
company of NextEra Energy, Inc., a leading clean energy company and
a provider of value residential, commercial and public-sector
products and services. NextEra Energy is the parent company of
Florida Power & Light, the largest rate-regulated utility in
the United States as measured by retail electricity produced and
sold. Mr. Rice joined NextEra in 2002 and has held a number of
leadership positions throughout his career.
Albert H. Nahmad, Watsco’s Chairman and CEO
said: “Our advisory board members bring an incredible variety of
experience and talent in terms of business entrepreneurship and
technology. Given their diverse backgrounds, we also will ask their
help as to how we can be a significant, long-term contributor in
the efforts to address climate change, given the key role that
products we sell play in energy conservation. There are an
estimated 110 million HVAC systems installed in the U.S., many of
which are operating under old efficiency standards. Today’s minimum
efficiency standards are helpful at reducing energy consumption,
but even greater conservation can be achieved with the products
that we offer. We have an important role to play in educating
contractors and consumers on the benefits of these
higher-efficiency systems that both reduce energy consumption and
cost of ownership. As the industry leader, we can do so at a scale
greater than our competitors and we will collaborate with our OEM
partners to lead these efforts.”
About Watsco
Watsco is the largest distribution network
for heating, air conditioning and refrigeration (HVAC/R) products
with locations in the United
States, Canada, Mexico and Puerto Rico, and on
an export basis to Latin America and the Caribbean.
Watsco estimates that over 300,000 contractors and technicians
visit or call one of its 651 locations each year to get
information, obtain technical support and buy products. The Company
believes there is long-term opportunity to be a significant
participant and contributor in efforts to address climate change.
HVAC/R products provide comfort to homes and businesses regardless
of the outdoor climate. Older systems often operate below current
government-mandated energy efficiency and environmental standards,
resulting in higher energy use and costs to homeowners. Sales
of higher-efficiency replacement systems have long been a
fundamental opportunity in Watsco’s marketplace.
Watsco plans to actively collaborate with its OEM partners and
key stakeholders to lead these ongoing efforts in its marketplace.
Additional information about Watsco may be found
at www.watsco.com.
This document includes certain “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These forward-looking statements may address,
among other things, our expected financial and operational results
and the related assumptions underlying our expected results. These
forward-looking statements are distinguished by use of words such
as “will,” “would,” “anticipate,” “expect,” “believe,” “designed,”
“plan,” or “intend,” the negative of these terms, and similar
references to future periods. These statements are based on
management’s current expectations and are subject to uncertainty
and changes in circumstances. Actual results may differ materially
from these expectations due to changes in economic, business,
competitive market, new housing starts and completions, capital
spending in commercial construction, consumer spending and debt
levels, regulatory and other factors, including, without
limitation, the effects of supplier concentration, competitive
conditions within Watsco’s industry, the seasonality of product
sales, the ability of the Company to expand its business, insurance
coverage risks and final GAAP adjustments. Detailed information
about these factors and additional important factors can be found
in the documents that Watsco files with
the Securities and Exchange Commission, such as Form 10-K,
Form 10-Q and Form 8-K. Forward-looking statements speak only as of
the date the statements were made. Watsco assumes no
obligation to update forward-looking information to reflect actual
results, changes in assumptions or changes in other factors
affecting forward-looking information, except as required by
applicable law.
Barry S. LoganExecutive Vice President(305)
714-4102blogan@watsco.com
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