Leadership Transition in Modine's Performance Technologies Segment Signals Strategic Shift

Leadership Transition in Modine's Performance Technologies

In a significant move, Modine (NYSE: MOD), a renowned global leader in thermal management technology, has declared a pivotal leadership shift within its Performance Technologies segment. Effective September 30, 2025, Adrian I. Peace will step down from his role as President of Performance Technologies, marking an end to his tenure with the company. Neil D. Brinker, who serves as Modine's President and CEO, will temporarily assume the leadership responsibilities of this important segment.

Acknowledgments and Strategic Direction

Reflecting on the transition, Brinker expressed his gratitude towards Peace, highlighting his valuable contributions during his time at Modine. "I would like to thank Adrian for his leadership and service to Modine," Brinker stated. He further emphasized that the company's strategy to reshape the Performance Technologies segment by focusing on a higher growth and higher margin business model is still progressing as intended.

Brinker also reassured stakeholders that the experienced leadership team in charge of the Performance Technologies segment remains intact and well-prepared to continue executing the company’s strategic plans. The segment is on track to reach its financial objective of achieving an adjusted EBITDA margin of 15% to 18% within the next two years.

Future Prospects and Ongoing Search for Successor

To ensure continuous progress and stability, Modine plans to conduct a comprehensive search for Peace's successor in the coming months. This initiative is part of the company’s broader ambition to enhance its operational effectiveness and adapt to the dynamic market conditions affecting its performance.

About Modine

Founded over a century ago, Modine is committed to engineering a cleaner and healthier world through its innovative thermal management solutions. With a workforce of more than 11,000 employees globally, Modine improves air quality while conserving natural resources. The company engages in various sectors, including climate solutions and performance technologies, which focus on reducing emissions and enhancing eco-friendly practices across industries.

Headquartered in Racine, Wisconsin, Modine operates in multiple regions including North America, South America, Europe, and Asia. The company continues to pave the way for advancements in sustainability and thermal management technologies worldwide.

Looking Ahead

As Modine undergoes this transition, the company remains focused on its long-term objectives, adapting to changes in market demands and continuously improving its service offerings. The upcoming leadership will play a crucial role in steering the Performance Technologies segment towards future successes, guided by the principles set in place by the leadership team.

Stakeholders and industry observers will be interested to see how this change influences Modine's strategic developments and overall performance in the competitive thermal management landscape.