Vertiv (NYSE: VRT) (www.Vertiv.com), a global provider of critical digital infrastructure and continuity solutions, announced that on
"I'm honored to take the helm of Vertiv as CEO. I'm looking forward to working closely with our leadership team and employees around the world to continue to increase the value we create for our customers, further strengthen our financial performance and create long-term value for our shareholders," said Albertazzi. "As I've shared with Vertiv employees, we will work to achieve our full potential by focusing on building a high-performance culture of collaboration and innovation; institutionalizing operational excellence and execution; and ultimately delivering profitable growth and improved cash flow."
As CEO, Albertazzi will aim to increase Vertiv's relentless customer focus as it addresses the infrastructure and business needs of the data center, communication networks and industrial applications.
Albertazzi assumes the CEO role at a time of continued strong demand across Vertiv's data center end markets. The company reported a record order backlog of
Vertiv announced its CEO succession plan (https://bit.ly/3X08sAu) in
In addition to becoming CEO, Albertazzi will also continue in his position as President,
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Forward-Looking Statements:
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the
Media Contacts:
E Rania.Elrafie@apo-opa.com
E Jacqui.Gradwell@vertiv.com
E Astha.Batra@vertiv.com
About Vertiv:
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in
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