Todd Bluedorn to step down as Chairman & CEO of Lennox International

The Board of Directors of Lennox International Inc. (LII), has announced that Todd Bluedorn has informed them that he will be stepping down as Chairman and Chief Executive Officer in mid-2022 – based on his desire to create a better balance between his personal and professional priorities.

Talking on his decision, Bluedorn said, “It has been a privilege to lead LII these past 15 years and I’m extremely proud of all we’ve accomplished together. With an exceptional management team, hard-working and dedicated employees, key strategic investments in product, technology and distribution, and strong end markets, we are well-positioned for continued momentum in 2021 and beyond.”

Commenting on Bluedorn’s decision, Lead Independent Director for Lennox International, Todd Teske said, “Todd Bluedorn instilled a high performing and innovative culture with a strong team that created tremendous value for our customers and shareholders. His tenure at LII has been extraordinary. Under Todd’s leadership the company’s market cap grew from $2.5 billion to over $13 billion, resulting in total shareholder return in excess of 18% annually. On behalf of the entire Board, I want to thank Todd for making LII the outstanding company that it is today.”

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