$60.380
-1.528 (-2.53%)Zum Schluss
AOS-News
AOS-Events
ITT Appoints Bertrand Loy and Kevin Wheeler to Board of Directors
ITT (ITT) announced the election of Bertrand Loy and Kevin Wheeler to its board of directors. The appointments are effective as of August 1. The board also appointed Loy to the audit committee and Wheeler to the nominating and governance committee, in each case effective August 1. Loy is executive chairman and former CEO of Entegris (ENTG). Wheeler is executive chairman and former CEO of A. O. Smith (AOS).
A.O. Smith Executive Chairman Kevin Wheeler to Retire on July 1
A.O. Smith Corporation announced today that Executive Chairman Kevin Wheeler will retire effective July 1. The company's board of directors has elected Stephen Shafer, president and chief executive officer, as chairman upon Wheeler's retirement. Wheeler will remain a member of the company's board of directors. "Kevin's impact on A. O. Smith spans three decades," said Chris Mapes, lead director of the board. "During his tenure, the company expanded its global footprint, strengthened its portfolio through multiple acquisitions and successfully navigated the challenges of the COVID-19 pandemic while maintaining strong operational performance."
A. O. Smith Corporation Announces Kevin J. Wheeler's Retirement
The company states: "On June 22, 2026, A. O. Smith Corporation issued a news release announcing that, effective July 1, 2026, Kevin J. Wheeler will retire as Executive Chairman of the Company. Mr. Wheeler will remain a member of the Board of Directors. Effective at the time of Mr.Wheeler's retirement as Executive Chairman, Stephen M. Shafer will assume the role of Chairman of the Company. Mr. Shafer currently serves and will continue to serve as the Company's President and Chief Executive Officer and as a director. Mr. Shafer joined the Company as President and Chief Operating Officer in March of 2024. He was named President and Chief Executive Officer on July 1, 2025, and was elected a director of the Company on that same day."
A. O. Smith Appoints Carrie L. Anderson as CFO
A. O. Smith announced that Carrie L. Anderson will become the company's next executive vice president and CFO officer on July 1. She succeeds Charles T. Lauber, who will retire from the company after serving in different senior leadership capacities for over 26 years. He will remain at the company through Sept. 30 to ensure continuity during the transition. Anderson will serve as a key member of A. O. Smith's executive leadership team and lead the company's finance organization responsible for strategic financial planning, capital allocation, treasury, controllership, tax and investor relations. Anderson brings extensive experience across global industrial, manufacturing and technology companies. She most recently served as executive vice president and CFO of The Campbell's Company (CPB). Prior to Campbell, she served as executive vice president and chief financial officer at Integra LifeSciences, a leading global medical technology company. She previously held senior finance leadership roles at Dover Corporation and Delphi Corporation. Anderson began her career as an engineer with General Motors.
Company Reports Q1 Revenue of $946M, Below Expectations
Reports Q1 revenue $946M, consensus $976.03M. Chief Executive Officer Steve Shafer commented, "Our team executed with focus and agility in the first quarter, continuing to support our customers well in the face of a continued soft macro environment. As we anticipated, softer demand in China impacted results. In North America, results were impacted by residential water heater industry demand that was modestly below our expectations, compounded by temporary weather-related disruptions at our Ashland City, Tennessee facility. Separately, in April, we took another step in our business simplification and margin enhancement efforts within our North America water treatment business by announcing a targeted restructuring plan that will be recognized in the second quarter. We believe these actions are an important step in advancing a stronger business model to achieve a higher level of profitable growth."
Diese Seite dient nur der Recherche und ist keine Anlageberatung. Modelle können falsch liegen. Vergangene Wertentwicklung ist kein Indikator für die Zukunft.