Mike Lamach is a proven executive leader, director and former CEO
with deep expertise in strategic planning, environmental, social
and governance (ESG) matters, operational excellence, fiduciary
responsibility and capital allocation.
Mike served as Executive Chair and CEO, at Trane Technologies, a global climate innovator, for twelve years. He has an extensive background in manufacturing and industrial markets around the world, and has orchestrated and led multiple successful strategic transactions including mergers, acquisitions, divestitures and spin-offs.
As CEO, Mike transformed Trane Technologies from a diversified industrial manufacturing company, formerly Ingersoll Rand, to an industry-leading climate company with consistent top tier financial and ESG performance. Lamach led the successful spin-off of the company’s Security Technologies segment, in 2013, and the separation of the company’s
Industrial Segment, in 2020, through a Reverse Morris Trust transaction with Gardner Denver, Inc., to create a “new” Ingersoll Rand - culminating in the formation and launch of Trane Technologies. Mike was named one of Harvard Business Review’s top performing CEOs and listed by Forbes among America’s 100 Most Innovative Leaders. The company’s total shareholder return over his tenure as CEO was nearly 800% - more than twice the total shareholder return of the S&P 500.
Mike led the creation of the company’s purpose-driven sustainability strategy, its proprietary business operating system, and its widely recognized culture of engagement and inclusion. Under Mike’s leadership, Trane Technologies set aggressive 2020 sustainability goals and met them two years early, following with even bolder 2030 sustainability
commitments. In early 2021, Trane Technologies became one of only 47 companies worldwide to have had two rounds of its ambitious emissions reduction targets validated by the Science Based Targets Initiative (SBTi).
Mike also was the first industrial company CEO to join Paradigm for Parity, committing to gender parity in corporate leadership by 2030.
As a champion for diversity and inclusion, he also joined CEO Action for Diversity and Inclusion and serves as a founding member of OneTen, a corporate coalition working to develop and hire one million Black
Americans over the next ten years. Mike has significantly diversified the company’s Board of Directors, which now includes five women among its eleven independent directors, and two directors who are racially or ethnically diverse.
Prior to joining Trane Technologies in 2004, Lamach spent 17 years with Johnson Controls in various leadership roles, including group vice president and managing director for the European and Asian businesses of Johnson Controls’ Automotive Group.
Mike serves on the Board of Directors of PPG Industries, Nucor Steel, the Advisory Board of Pritzker Private Capital and is an Operating Advisor to Clayton, Dublier and Rice. He is a former Chair of the National Association of Manufacturers, representing the American manufacturing industry at the federal level on public policy and workforce development matters.
Mike is a strong advocate for sustainability, education, and economic mobility. He is active in the Charlotte community and currently serves as chairperson of the Charlotte Executive Leadership Council, a coalition of CEOs serving the Charlotte community. He Co-Chairs the Charlotte Mayor’s Racial Equity Initiative and most recently appointed Trustee for Johnson C. Smith University
18 сен 2024
