Lennox announces Residential President retirement, appoints Bedard; exploring European divestitures

LENNOX INTERNATIONAL INC

Doug Young, EVP & President of Residential, retires June 30, 2023 after 24-year tenure.
Gary Bedard appointed President of Residential effective Jan 1, 2023; Young will advise until retirement.
Company exploring strategic alternatives for European businesses (≈5% of revenue) to focus on North America.
Refrigeration segment eliminated; Heatcraft moves to Commercial segment; reporting to be in two segments from Jan 1, 2023.
Investor Day scheduled for Dec 14, 2022 in NYC to cover strategy, capital allocation, and innovation.

item 5.02 item 7.01 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Gary S. Bedard

Executive Vice President and President of the Company’s Residential Heating & Cooling business segment

LII · LENNOX INTERNATIONAL INC

Effective: 2023-01-01
Filed: November 17, 2022, 6:59 PM ET

Effective January 1, 2023, Gary S. Bedard will be appointed as Executive Vice President and President of the Company’s Residential Heating & Cooling business segment.

Departed

Douglas L. Young

Executive Vice President and President of the Company’s Residential Heating & Cooling business segment

LII · LENNOX INTERNATIONAL INC

Effective: 2023-06-30
Successor: Gary S. Bedard
Filed: November 17, 2022, 6:59 PM ET

On November 17, 2022, Douglas L. Young, Executive Vice President and President of the Company’s Residential Heating & Cooling business segment, notified Lennox International Inc. (the “Company”) of his decision to retire, effective June 30, 2023.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

Gary S. Bedard was appointed as Executive Vice President and President of the Company’s Residential Heating & Cooling business segment at LENNOX INTERNATIONAL INC.

Action: appointed
Role: Executive Vice President and President of the Company’s Residential Heating & Cooling business segment

Exact text from the filing

Effective January 1, 2023, Gary S. Bedard will be appointed as Executive Vice President and President of the Company’s Residential Heating & Cooling business segment.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

Douglas L. Young retired as Executive Vice President and President of the Company’s Residential Heating & Cooling business segment at LENNOX INTERNATIONAL INC.

Action: retired
Role: Executive Vice President and President of the Company’s Residential Heating & Cooling business segment

Exact text from the filing

On November 17, 2022, Douglas L. Young, Executive Vice President and President of the Company’s Residential Heating & Cooling business segment, notified Lennox International Inc. (the “Company”) of his decision to retire, effective June 30, 2023.

View on SEC.gov

LENNOX INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001193125-22-287244

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