Written on: August 2, 2021 by ICM
Lennox International Inc.’s Chairman & CEO Todd Bluedorn has announced his intentions to step down by mid-2022. After 15 years with the company, Bluedorn cited his desire to create a better balance between his personal and professional priorities. The Board of Directors has commenced its search for the company’s next CEO.
“It has been a privilege to lead LII these past 15 years and I’m extremely proud of all we’ve accomplished together,” said Bluedorn. “With an exceptional management team, hard-working and dedicated employees, key strategic investments in product, technology and distribution, and strong end markets, we are well-positioned for continued momentum in 2021 and beyond.”
“Todd Bluedorn instilled a high performing and innovative culture with a strong team that created tremendous value for our customers and shareholders,” said Todd Teske, Lead Independent Director for Lennox International. “His tenure at LII has been extraordinary. Under Todd’s leadership the company’s market cap grew from $2.5 billion to over $13 billion, resulting in total shareholder return in excess of 18% annually. On behalf of the entire Board, I want to thank Todd for making LII the outstanding company that it is today and we look forward to working with him and the broader management team on a smooth transition in 2022.”