
Sustainable InvestingArticle
Introducing Trane Technologies...
December 11, 2019
Introducing Trane Technologies! Get to know our new climate company in name and strategy and meet our executive leadership team.
Sustainable InvestingArticle
December 11, 2019
Introducing Trane Technologies! Get to know our new climate company in name and strategy and meet our executive leadership team.
Ingersoll Rand unveiled the new company name, strategy, and executive
leadership team for its future climate company, which will be called
Trane Technologies, subject to shareholder approval.
The new name elevates our market-leading Trane® brand and
celebrates the power of technological innovation. Trane Technologies
will serve as the company’s enterprise brand and encompass the
strategic go-to-market brands Trane® and Thermo King®, as well as
additional portfolio and product brands—connecting them to take action
on climate challenges as a global sustainability innovator.
As global megatrends push climate issues to the forefront of the
world’s agenda, Trane Technologies reflects a promise to take action
with powerful innovation and technologies, leading brands and strong
customer focus.
Our focus will be on sustainable
businesses that directly address these megatrends and create customer
value, a proven business operating system that generates productivity
and execution excellence, and a winning culture that empowers people
to deliver their best. As a global leader in climate markets, Trane
Technologies will have greater focus, more targeted investments and a
simplified business model that will allow us to increase speed and
agility and deliver value for shareholders, customers and employees.
Trane Technologies will also continue to aggressively pursue
Ingersoll Rand’s previously announced 2030 sustainability commitments.
These commitments include the
Gigaton Challenge, a pledge to
reduce our customers’ carbon emissions by one gigaton by the year
2030;
Leading by Example, to ensure that our operations have a
restorative impact on the environment including achieving
carbon-neutral operations and zero waste to landfill, and giving back
more water than we use in water-stressed areas; and
Opportunity for All in our workplace and communities.
Trane Technologies’ executive leadership team will be led by Mike
Lamach, chairman and CEO, and will be effective January 1, 2020, in
readiness for the close of the Reverse Morris Trust transaction.
Together, they will deliver on Trane Technologies’ strategy and
commitments, for the benefit of employees, customers, and
shareholders.
Read more about the appointments to the
executive team.
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