DALLAS, Oct. 26,
2023 /PRNewswire/ -- Lennox (NYSE: LII) today
announced that Executive Vice President and Chief Financial Officer
Joe Reitmeier has elected to retire
effective February 29, 2024, after 18
remarkable years with the company. Michael
Quenzer, Vice President of Financial Planning & Analysis
and Investor Relations will succeed Mr. Reitmeier as Executive Vice
President and Chief Financial Officer effective January 1, 2024. Mr. Reitmeier's continued
availability through February 2024
will ensure a smooth leadership transition.
Alok Maskara, Chief Executive
Officer of Lennox, said, "I would like to thank Joe for his
substantial contributions to Lennox. Under his strategic
leadership, the company enjoyed significant shareholder value
growth and exceptional financial performance. Joe demonstrated a
tireless dedication to instilling financial excellence at
Lennox."
Mr. Reitmeier held various leadership roles at Lennox, including
Commercial Segment CFO, before becoming the Chief Financial Officer
in 2012. Since taking over as CFO, he has been instrumental in
driving profitable growth. His unwavering commitment and skilled
financial stewardship were critical to the 7X growth of the
company's earnings per share and 12X growth in market
capitalization during his tenure.
Maskara continued, "Alongside his many accomplishments, Joe
built an incredibly talented finance organization at Lennox. He
leaves an enduring professional legacy. We are immensely grateful
for Joe's leadership and commitment to Lennox. I also want to
congratulate Michael and look forward to working with him in his
new role."
Mr. Quenzer is an operationally-focused finance leader with a
proven record of success at Lennox. He joined Lennox in 2004 as a
Treasury Analyst and has since held positions of increasing
responsibility, including Commercial Segment CFO and most recently
Vice President of Financial Planning & Analysis and Investor
Relations. In each of these roles, he has delivered financial
excellence, fostered talent, and contributed to the company's
profitable growth.
About Lennox
Lennox (NYSE: LII) is a leader in energy-efficient climate-control
solutions. Dedicated to sustainability and creating comfortable and
healthier environments for our residential and commercial customers
while reducing their carbon footprint, we lead the field in
innovation with our cooling, heating, indoor air quality, and
refrigeration systems. Additional information on Lennox is
available at www.lennoxinternational.com or by contacting Investor
Relations, 972-497-6670, investor@lennoxintl.com.
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SOURCE Lennox International Inc.