Allegion Board of Directors Elects Lauren B. Peters as Chair
September 16 2024 - 7:00AM
Business Wire
The Board of Directors (Board) of Allegion plc (NYSE: ALLE), a
leading global security products and solutions provider, has
elected Lauren B. Peters as its next chair, effective Sept. 11,
2024. Peters has served as a member of Allegion’s Board since 2021
and will succeed Kirk S. Hachigian, who is retiring from the Board
at the end of his term in June 2025.
Peters is former executive vice president and chief financial
officer of Foot Locker, Inc., where she built a track record of
expanding profits and implementing innovative solutions while also
leading major acquisitions, integrations and strategic investments.
With deep expertise in positioning global, publicly held companies
for growth, Peters currently serves as a board member for La-Z-Boy
and Victoria’s Secret, in addition to Allegion.
“Stepping into the chair role is an incredible honor,” Peters
said. “Allegion is an innovative industry leader with a team that’s
deeply committed to helping create safe and accessible environments
around the world. We have a strong board with diverse skillsets
that’s excited to support this meaningful work and Allegion’s
future growth. I’m proud to be a part of it."
“Lauren’s knowledge of our business and strategic acumen is an
asset to Allegion and will make her a highly effective chair,”
Allegion President and CEO John H. Stone said. “We’re grateful for
her dedication and look forward to continuing our work
together.”
“We’re also grateful for Kirk’s leadership. In his 10 years with
Allegion, Kirk has served as our first board member, our first lead
director and our first independent chair. Thank you, Kirk, for
guiding Allegion in our first decade of growth.”
With Peters’ appointment as Board chair, she will also chair the
Corporate Governance and Nominating Committee. In addition,
Allegion Board Member Susan L. Main replaces Peters as the Audit
and Finance Committee chair as of Sept. 11, 2024.
About Allegion
Allegion (NYSE: ALLE) is a global pioneer in seamless access,
with leading brands like CISA®, Interflex®, LCN®, Schlage®,
SimonsVoss® and Von Duprin®. Focusing on security around the door
and adjacent areas, Allegion secures people and assets with a range
of solutions for homes, businesses, schools and institutions.
Allegion had $3.7 billion in revenue in 2023, and its security
products are sold around the world. For more, visit
www.allegion.com.
Forward-Looking Statements
This press release contains "forward-looking statements" within
the meaning of the Private Securities Litigation Reform Act of
1995, Section 27A of the Securities Act of 1933, and Section 21E of
the Securities Exchange Act of 1934, including, but not limited to,
statements regarding our strategy, ESG goals and ability to achieve
these goals, the company’s business plans and strategy, and the
company’s growth strategy. These forward-looking statements
generally are identified by the words “believe,” “aim,” “project,”
“expect,” “anticipate,” “project,” “estimate,” “forecast,”
“outlook,” “intend,” “strategy,” “future,” “opportunity,” “plan,”
“may,” “should,” “will,” “would,” “will be,” “will continue,” “will
likely result” or the negative thereof or variations thereon or
similar expressions generally intended to identify forward-looking
statements. Undue reliance should not be placed on any
forward-looking statements, as these statements are based on the
company's currently available information and our current
assumptions, expectations and projections about future events. They
are subject to future events, risks and uncertainties - many of
which are beyond the company’s control - as well as potentially
inaccurate assumptions, that could cause actual results to differ
materially from those in the forward-looking statements. Important
factors and other risks that may affect the company's business or
that could cause actual results to differ materially are included
in filings the company makes with the Securities and Exchange
Commission from time to time, including its Annual Report on Form
10-K and its Quarterly Reports on Form 10-Q and in its other SEC
filings. All forward-looking statements in this press release are
expressly qualified by such cautionary statements and by reference
to the underlying assumptions. The company undertakes no obligation
to update these forward-looking statements, whether as a result of
new information, future events or otherwise, except as required by
law.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240916880948/en/
Media Contact: Whitney Moorman – Director, Global
Communications 317-810-3241 Whitney.Moorman@allegion.com
Analyst Contacts: Jobi Coyle – Director, Investor
Relations 317-810-3107 Jobi.Coyle@allegion.com
Josh Pokrzywinski – Vice President, Investor Relations
463-210-8595 Joshua.Pokrzywinski@allegion.com
Allegion (NYSE:ALLE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Allegion (NYSE:ALLE)
Historical Stock Chart
From Nov 2023 to Nov 2024