Modine Announces Performance Technologies Segment Leadership Change

Core Viewpoint - Modine is undergoing leadership changes in its Performance Technologies segment, with a focus on maintaining its strategic direction towards higher growth and margins while leveraging its 80/20 processes [1][2]. Group 1: Leadership Changes - Adrian I. Peace will no longer serve as President of Performance Technologies and will terminate employment effective September 30, 2025 [1]. - Neil D. Brinker, the President and CEO, will take on interim leadership of the Performance Technologies segment [1][2]. - A comprehensive search for Mr. Peace's successor will be initiated by the company [2]. Group 2: Strategic Focus - The strategy to reposition the Performance Technologies segment aims for a higher growth and higher margin mix of business [2]. - The segment is expected to achieve adjusted EBITDA margins of 15% to 18% over the next two years [2]. Group 3: Company Overview - Modine is a global leader in thermal management technology, with over 11,000 employees worldwide [3]. - The company focuses on improving air quality, conserving natural resources, and reducing harmful emissions through its Climate Solutions and Performance Technologies segments [3].