Allegion Names Stone President, CEO as Petratis Retires
May 31 2022 - 6:47AM
Dow Jones News
By Colin Kellaher
Allegion PLC on Tuesday said David Petratis, who has led the
provider of security products and solution since its spinoff from
Ingersoll Rand in late 2013, plans to retire as president and chief
executive.
The Dublin-based company said John Stone, who has been president
of Deere & Co.'s construction, forestry and power systems
business since July 2020, will succeed Mr. Petratis as president
and CEO, effective July 11.
Mr. Stone, 52 years old, also will join the Allegion board.
Allegion said Mr. Petratis will remain as executive chairman
until his planned retirement on Jan. 2, 2023.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
May 31, 2022 06:32 ET (10:32 GMT)
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