Chart Industries Announces Leadership Change
Chart Industries (NYSE: GTLS) is taking significant steps toward a future transition as CEO Jill Evanko has announced plans to assume a senior advisor role starting in early 2026. This change comes as she prepares to take on a new executive opportunity within a privately owned company. Evanko has been essential in steering the strategies that have spearheaded the company's growth.
Impact of Jill Evanko's Leadership
Over the last nine years, Ms. Evanko has played a pivotal role in driving Chart's growth and enhancing its operational focus within energy and industrial sectors. Under her watch, the company has made substantial advances in project scopes while maximizing the advantages of its advanced process technologies. This growth trajectory has led to improved revenue figures, widened margins, and increased levels of customer satisfaction.
Focus on Innovation and Growth
Ms. Evanko’s tenure was marked by a robust push into high-growth sectors that include carbon capture and data center markets. Her leadership was also instrumental in securing transformative acquisitions, such as the notable acquisition of Howden in 2023, which paved the way for Chart’s strategic evolution.
The Board's Recognition
Andrew Cichocki, Chairman of the Board, expressed gratitude to Ms. Evanko for her innovative leadership during her time as CEO. He highlighted her contributions toward building a world-class technology portfolio and dedication to integrating services such as repair and maintenance, which have greatly benefited the company.
Upcoming Baker Hughes Merger
As Ms. Evanko transitions to her new role, she will assist in overseeing the pending acquisition of Chart by Baker Hughes (NASDAQ: BKR). This merger aims to create synergies between the two organizations and is on track to finalize by mid-2026, bolstered by Chart shareholders’ approval and clearance under the Hart-Scott-Rodino Antitrust Improvements Act.
What This Means for Chart's Future
With the Baker Hughes transaction, Chart Industries looks forward to a seamless operational integration. The preparations are underway to ensure both companies can blend their respective strengths, fostering innovation and growth alike. The Board is confident in the existing team’s ability to navigate these changes effectively and is counting on Ms. Evanko's advisement during this pivotal process.
The Vision of Chart Industries
Chart Industries positions itself as a leader in developing specialized processes and equipment to handle gas and liquid molecules within various industrial applications. Its comprehensive product line supports the Nexus of Clean™ initiative, which aims to promote clean resources such as power and water and engage in responsible governance practices.
Commitment to Innovation and Sustainability
Chart’s diverse portfolio includes technologies and equipment relevant to liquefied natural gas, hydrogen, biogas, and CO2 capture, showcasing its adaptability amidst changing market demands. The company's strategy emphasizes not only growth but also accountability and transparency towards its team, customers, and communities globally.
Contact Information for Chart Industries
For further inquiries, Chart Industries invites interested parties to connect with:
Investor Contact:
John Walsh
Senior Vice President, Investor and Government Relations
1-770-721-8899
john.walsh@chartindustries.com
Media Contact:
Jim Golden / Jude Gorman / Jack Kelleher
Collected Strategies
Chart-CS@collectedstrategies.com
Frequently Asked Questions
What are the main changes at Chart Industries?
Jill Evanko is stepping down as CEO to take on a senior advisory role, facilitating a smooth transition during the acquisition by Baker Hughes.
When is the merger with Baker Hughes expected to close?
The merger is scheduled to complete by mid-2026, pending all necessary approvals.
How has Jill Evanko contributed to Chart’s growth?
Evanko’s leadership has focused on strategic growth and innovation, driving expansion into new markets and overseeing significant acquisitions.
What industries does Chart Industries operate in?
Chart operates primarily in clean energy sectors, including hydrogen, biogas, and CO2 capture, among others.
Who can I contact for more information about Chart Industries?
For investor inquiries, reach out to John Walsh. For media inquiries, you can contact Jim Golden or Jude Gorman.
