Lennox International Inc. (LII) CEO Robert E. Schjerven intends to retire by mid-2007. The HVAC OEM will immediately begin an internal and external search for Schjerven's successor.
"My twenty-plus year career at LII has been rewarding to me both personally and professionally and I've been proud to be part of the LII team during a time of strong growth and important preparation for the future," Schjerven said. "I feel it is important to announce my intention to retire next year now so that our search for my replacement is transparent both internally and in the marketplace. I will remain as CEO until my successor is named."
"LII has greatly benefited from Bob's long career with the company, especially his leadership as CEO over the past 6 years," said Richard L. Thompson, LII's chairman of the board. "Bob brought focus to the business and was instrumental in strengthening the company's balance sheet, successfully positioning LII for a new era of growth. While we will miss working with him, he leaves the company in very good shape."
LII operates in more than 100 countries in the heating, ventilation, air-conditioning, and refrigeration markets.
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