RACINE, Wis., Dec. 21, 2017 /PRNewswire/ -- Modine
Manufacturing Company (NYSE: MOD), a diversified global leader in
thermal management technology and solutions, announced today that
Holger Schwab, Vice President of the
Vehicular Thermal Solutions (VTS) business segment, will resign
from Modine. Mr. Schwab will be transitioning to another
company that does not compete directly with Modine.
Tom Burke, President and CEO of
Modine, stated: "I thank Holger for his leadership over the last
five years, and wish him well in his future endeavors. During
Holger's tenure, the VTS segment has successfully become a truly
global organization, and a critical piece of Modine's long-term
strategy of Strengthen, Diversify and Grow. Combining that
robust strategy, the strong succession planning options available
to Modine, and the depth of our leadership capability, I remain
excited about the future of both the VTS segment and the company as
a whole."
The company anticipates Mr. Schwab will complete his role at
Modine during the fourth quarter of Modine's fiscal year
2018. The company will communicate more definitive plans
regarding the succession and transition plan in the new year.
About Modine
Modine, with fiscal 2017 revenues of
$1.5 billion, specializes in thermal
management systems and components, bringing highly engineered
heating and cooling components, original equipment products, and
systems to diversified global markets through its three
complementary business units: Vehicular Thermal Solutions (VTS);
Commercial & Industrial Solutions (CIS); and Building HVAC
Systems (BHVAC). Modine is a global company headquartered in
Racine, Wisconsin (USA), with
operations in North America,
South America, Europe, Asia
and Africa. For more information
about Modine, visit www.modine.com.
Contact:
|
Kathy
Powers
|
|
(262)
636-1687
|
|
k.t.powers@na.modine.com
|
View original content with
multimedia:http://www.prnewswire.com/news-releases/modine-manufacturing-company-announces-resignation-of-holger-schwab-vice-president-vts-300574742.html
SOURCE Modine Manufacturing Company