Allegion Announces Senior Leadership Appointments and CFO Retirement
15 Février 2022 - 11:30AM
Business Wire
Experienced Leaders Named to Support Business
Growth Michael Wagnes Appointed SVP, Chief Financial Officer David
Ilardi Appointed SVP, Allegion Americas
Allegion plc (NYSE: ALLE), a leading global provider of security
products and solutions, today announced the appointment of Michael
(Mike) Wagnes, as senior vice president and chief financial officer
(CFO), effective March 1, 2022. He succeeds Patrick Shannon in that
role, who has announced plans to retire by Sept. 2, 2022 and will
serve as an advisor during the transition.
In his 15 years at Allegion (and formerly Ingersoll Rand),
Wagnes has gained broad experience in finance and business
leadership. He has been vice president and general manager of
Commercial Americas since 2020, with P&L responsibility for
Allegion’s largest strategic business unit which encompasses
industry-leading brands like Von Duprin, LCN and Schlage commercial
locking and access solutions. Prior to that role, Wagnes served as
the company’s treasurer for seven years and led investor relations
for four years. Earlier, he led finance for the Americas and held
roles in accounting and audit, including at PwC.
Allegion also announced that David (Dave) Ilardi has been
appointed senior vice president of Allegion Americas, effective
March 1, 2022, succeeding Luis Orbegoso, who has stepped down to
pursue opportunities outside Allegion. Ilardi, who joined the
company in 2002, has been general manager of the Allegion Home
strategic business unit since 2019, with P&L ownership for
Allegion Americas’ residential business and the flagship Schlage
portfolio of residential solutions. Earlier, he served as the CEO’s
chief of staff, managing the Allegion Operating System and leading
business transformation initiatives. Ilardi is a 20-year veteran
with in-depth experience in residential and non-residential
markets, including leadership roles in sales, marketing, global
supply chain, market intelligence, and portfolio management.
“Mike and Dave are strong leaders who know our company well and
have a successful track record of working well with customers,
channel partners, integrators, and the investment community,” said
David D. Petratis, Allegion chairman, president and CEO. “They have
done a stellar job steering their business units through the
complexities of the pandemic, mitigating supply chain constraints,
and leading teams through change. We are thrilled to have them join
our executive leadership team.”
Petratis continued: “As a founding member of our senior
leadership team, Patrick was instrumental in our spin-off and
subsequent success. During Patrick’s tenure, we refreshed the
business strategy around seamless access and pursued a focused
capital allocation strategy, including more than 20 acquisitions
and investments which expanded the core business and are fueling
growth. Patrick’s dedication and intimate knowledge of our business
have been integral in delivering continued innovation, shareholder
value and operational excellence. It has been a pleasure to work
with Patrick, and we wish him the very best in his retirement.”
“It has been an honor to serve as Allegion’s CFO,” said Shannon.
“Over that time, we successfully spun off from Ingersoll Rand and
became an industry leader. With a strong financial foundation
firmly in place and highly capable leaders around the globe, I
believe now is the right time for me to retire. The finance
organization will be in good hands with Mike at the helm, and I
look forward to working with him through the transition.”
In a separate press release, Allegion reported its full-year
2021 performance. For more on the company’s 2021 results, refer to
the corporate website newsroom.
About Allegion Allegion (NYSE: ALLE) is a global pioneer
in seamless access, with leading brands like CISA®, Interflex®,
LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security
around the door and adjacent areas, Allegion secures people and
assets with a range of solutions for homes, businesses, schools and
institutions. Allegion had $2.9 billion in revenue in 2021, and its
security products are sold around the world.
For more, visit www.allegion.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220215005392/en/
Media: Doshia Stewart – Vice President, Global Corporate
Communications +1.317.810.3512 Doshia.Stewart@allegion.com or
PR@allegion.com
Analysts: Tom Martineau – Vice President, Investor
Relations, and Treasurer +1.317.810.3759
Tom.Martineau@allegion.com
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