Modine appoints Matt Powell as GM of Heavy Duty Equipment; Casterton departs

MODINE MANUFACTURING CO

Joel Casterton no longer VP Heavy Duty Equipment effective Sept 29, 2021; leaving Modine in October to pursue other opportunities.
Matt Powell appointed General Manager, Heavy Duty Equipment, effective Oct 5, 2021; previously President/CEO of Amcor.
Company separating EV business from traditional HDE; new EV unit has separate leadership team.
CEO says strategic shift to deemphasize certain ICE products; evaluating non-strategic portions of HDE.
Modine retains existing segments through fiscal 2022; resources will shift to higher-growth EV business.

item 5.02 item 8.01 item 9.01

Executive movements

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Departed

Joel T. Casterton

Vice President, Heavy Duty Equipment

MOD · MODINE MANUFACTURING CO

Effective: 2021-09-29
Filed: October 5, 2021, 7:59 PM ET

Effective September 29, 2021, Joel T. Casterton is no longer serving in the role of Vice President, Heavy Duty Equipment of Modine Manufacturing Company (the “Company”).

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Joel T. Casterton departed as Vice President, Heavy Duty Equipment at MODINE MANUFACTURING CO.

Action: is no longer serving
Role: Vice President, Heavy Duty Equipment

Exact text from the filing

Effective September 29, 2021, Joel T. Casterton is no longer serving in the role of Vice President, Heavy Duty Equipment of Modine Manufacturing Company (the “Company”).

View on SEC.gov

MODINE MANUFACTURING CO filing history →

Source: SEC EDGAR

accession 0001140361-21-033659

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