Allegion Names Lauren B. Peters as New Board Chair
Allegion Appoints Lauren B. Peters as Chair of the Board
The Board of Directors of Allegion plc (NYSE: ALLE), a global leader in security products and solutions, has made the strategic decision to elect Lauren B. Peters as its new chair. Peters will take her official role on the board, succeeding Kirk S. Hachigian, who will be retiring at the conclusion of his term.
Background and Experience of Lauren B. Peters
Peters brings a wealth of expertise to her new role, having served as the executive vice president and chief financial officer of Foot Locker, Inc. During her tenure, she was instrumental in driving profit growth and was a key player in various acquisitions and strategic investments. Her proven track record in managing publicly traded companies showcases her ability to navigate complex business landscapes effectively.
A Leader in Multiple Industries
In addition to her role at Allegion, Peters currently holds board positions at La-Z-Boy and Victoria’s Secret, evidencing her broad leadership capabilities across several sectors. Her extensive experience positions her as a significant asset to Allegion as it continues its commitment to innovation in creating safer environments.
Vision for Allegion's Future
Expressing her enthusiasm for her new position, Peters stated that leading Allegion is a tremendous honor. She emphasized the company's commitment to safety and accessibility worldwide, highlighting the robust and diverse skill set of the board members who support this vision.
Recognition of Kirk S. Hachigian
In the transition of leadership, current Allegion President and CEO, John H. Stone, acknowledged Kirk S. Hachigian’s decade-long contributions to the company, pointing out his role as the first lead director and independent chair.
Committee Leadership Changes
As part of the leadership changes, Peters will chair the Corporate Governance and Nominating Committee, further affirming her involvement in shaping the strategic direction of Allegion. Susan L. Main will step in to lead the Audit and Finance Committee from Peters, subsequently ensuring a seamless transition in oversight.
About Allegion
Allegion (NYSE: ALLE) stands at the forefront of seamless access technologies, backed by trusted brands such as CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company focuses on securing environments through innovative solutions tailored for homes, educational institutions, and businesses alike. With an impressive revenue of $3.7 billion, Allegion continues to be a key player in the security industry globally, ensuring safety and accessibility are prioritized for its customers.
Frequently Asked Questions
Who is Lauren B. Peters?
Lauren B. Peters is the newly elected Chair of the Board of Allegion plc, bringing extensive executive experience from Foot Locker, Inc. and other board roles.
What position did Kirk S. Hachigian hold?
Kirk S. Hachigian served as the first lead director and independent chair of Allegion’s board before retiring at the end of his term.
What are Allegion's key brands?
Allegion's notable brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin, each providing tailored security solutions.
What is Allegion’s revenue?
Allegion reported a revenue of $3.7 billion, highlighting its robust position in the global security market.
What committees will Lauren B. Peters lead?
Peters will chair the Corporate Governance and Nominating Committee, playing a vital role in shaping Allegion’s strategic governance.
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