Allegion Appoints Lauren B. Peters as Chair of the Board
The Board of Directors at Allegion plc (NYSE: ALLE), a leader in security products and solutions worldwide, has chosen Lauren B. Peters to serve as its new chair. She will officially take on this role, succeeding Kirk S. Hachigian, who is set to retire at the end of his term.
Background and Experience of Lauren B. Peters
Peters comes to this position with a wealth of knowledge, having previously served as the executive vice president and chief financial officer of Foot Locker, Inc. During her time there, she significantly contributed to profit growth and was involved in numerous acquisitions and strategic investments. Her solid history in managing publicly traded companies reflects her skill in navigating complex business environments.
A Leader in Multiple Industries
Alongside her responsibilities at Allegion, Peters is also on the boards of La-Z-Boy and Victoria’s Secret, showcasing her strong leadership across various sectors. Her diverse experience makes her a considerable asset for Allegion as the company focuses on innovation to create safer environments.
Vision for Allegion's Future
Peters shared her excitement about stepping into this role, stating that leading Allegion is a great honor. She underscored the company’s dedication to safety and accessibility around the globe, pointing out the diverse and impressive skills of the board members supporting this mission.
Recognition of Kirk S. Hachigian
During this leadership transition, current Allegion President and CEO, John H. Stone, recognized Kirk S. Hachigian’s ten years of valuable contributions to the company, highlighting his role as the first lead director and independent chair.
Committee Leadership Changes
As part of the changes in leadership, Peters will chair the Corporate Governance and Nominating Committee, which reinforces her role in guiding Allegion's strategic direction. Susan L. Main will take over the Audit and Finance Committee from Peters, ensuring a smooth transition in oversight.
About Allegion
Allegion (NYSE: ALLE) is recognized for its advanced access technologies, supported by trusted brands like CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin. The company is committed to securing environments with innovative solutions designed for homes, schools, and businesses. Reporting impressive revenue of $3.7 billion, Allegion continues to play a vital role in the global security industry, making safety and accessibility their top priorities.
Frequently Asked Questions
Who is Lauren B. Peters?
Lauren B. Peters is the newly appointed Chair of the Board of Allegion plc, bringing significant executive experience from her previous role at Foot Locker, Inc., among other board responsibilities.
What position did Kirk S. Hachigian hold?
Kirk S. Hachigian served as the first lead director and independent chair of the Allegion board before retiring at the conclusion of his term.
What are Allegion's key brands?
Allegion's well-known brands include CISA, Interflex, LCN, Schlage, SimonsVoss, and Von Duprin, all offering customized security solutions.
What is Allegion’s revenue?
Allegion's revenue stands at $3.7 billion, highlighting its strong position in the global security market.
What committees will Lauren B. Peters lead?
Peters will chair the Corporate Governance and Nominating Committee, playing an essential role in directing Allegion’s strategic governance.
