Craig Chamberlin Appointed as Chief Financial Officer at Vertiv
Vertiv Holdings Co (NYSE: VRT), a major player in critical digital infrastructure, recently announced that Craig Chamberlin will serve as the new Executive Vice President and Chief Financial Officer starting November 10. This decision comes as Mr. Chamberlin succeeds David Fallon, who has decided to retire but will continue to serve in an advisory role until the end of the year.
Mr. Chamberlin's Background and Experience
Before joining Vertiv, Craig Chamberlin held the vice president and CFO position in Wabtec Corporation's Transit segment, a branch of the company contributing approximately $3 billion in revenue. His tenure at Wabtec underscores his strong operational acumen, evidenced by his leadership in improving profit margins and deploying capital strategically to facilitate business growth.
Words from the Leadership
"We are excited to welcome Craig to our leadership team at Vertiv," said Giordano (Gio) Albertazzi, Vertiv's CEO. He emphasized Chamberlin's credentials align seamlessly with Vertiv's strategic goals. The new CFO’s comprehensive track record in operational finance and business transformation is poised to significantly benefit Vertiv as it focuses on enhancing margins and optimizing operations globally. His successful engagements in managing key acquisitions highlight his capability to drive forward Vertiv’s next growth phase.
Chamberlin's Vision for Vertiv
Craig Chamberlin expressed his enthusiasm about joining Vertiv during this vibrant chapter in the company's evolution. He articulated that Vertiv's leadership in the digital infrastructure space, paired with its innovative mindset and emphasis on continuous improvement, presents an exciting platform for sustained growth and margin enhancement. Mr. Chamberlin looks forward to collaborating with his new colleagues to foster an environment that promotes value creation for shareholders.
David Fallon's Contributions
Albertazzi also extended gratitude to David Fallon for his exemplary service during his eight years as CFO. His efforts were instrumental in steering Vertiv through its transition to a publicly traded company and in achieving financial stability, ultimately delivering significant value to shareholders through strategic resource management.
About Vertiv Holdings Co
Vertiv (NYSE: VRT) integrates hardware, software, analytical tools, and ongoing services, ensuring that essential applications function efficiently and grow alongside customer needs. Vertiv addresses pivotal challenges in data centers, communication networks, as well as commercial and industrial facilities through its extensive range of solutions. With headquarters located in Westerville, Ohio, Vertiv operates in more than 130 countries, striving to enhance performance across its operations.
Frequently Asked Questions
Who is the new CFO of Vertiv?
Craig Chamberlin has been appointed as the new Chief Financial Officer of Vertiv.
When will Craig Chamberlin start at Vertiv?
His role as CFO will commence on November 10.
What was Craig Chamberlin's previous position?
Previously, he served as Group Vice President and CFO at Wabtec Corporation.
Why is David Fallon leaving Vertiv?
David Fallon has announced his retirement but will remain as a consultant until the end of the year.
What are Vertiv's main offerings?
Vertiv provides solutions for power, cooling, and IT infrastructure for data centers and communication networks.
