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Benzinga

Business

Akanksha Bakshi

Lennox Names Alok Maskara As CEO; Reiterates FY22 Outlook

Lennox (Organization) NYSE LII (Organization)

Lennox International Inc. (NYSE:LII) has appointed Alok Maskara as its CEO, effective on May 9, 2022.
Maskara succeeds Todd Bluedorn, who announced in July 2021 his plans to step down by mid-2022 as Chairman and CEO.
The company has named Todd Teske, current Lead Independent Director, as Chairman of the Board and to also serve as interim CEO until Maskara assumes the role as CEO.
Maskara has served for five years as CEO of Luxfer Holdings PLC (NYSE:LXFR). Before Luxfer, he served for nearly a decade as president of several global business units at Pentair PLC (NYSE:PNR).
Lennox also reiterated its previously announced financial guidance for 2022. It expects FY22 adjusted EPS of $13.50 - $14.50 and 5% -10% revenue growth.
Price Action: LII shares are trading lower by 4.17% at $263.93 on the last check Wednesday.

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