Bob Schjerven Becomes Lennox International CEO; John Norris Continues as Chairman
DALLAS, Dec. 18 /PRNewswire/ -- Lennox International Inc. (NYSE: LII) chairman John W. Norris, Jr. announced that Bob Schjerven, formerly chief operating officer, has been appointed to the position of chief executive officer (CEO). Norris said he will continue as chairman of the board. He also announced that Schjerven has been elected to the position of director by Lennox' board of directors. Both the CEO and director appointments will become effective January 1, 2001.
"I am pleased Bob has accepted both the CEO and director positions," said John Norris. "This is an important move in our organization as we go forward. Bob's extensive experience in all of our key businesses will be a tremendous asset in maintaining our leadership in global climate control solutions."
Bob Schjerven joined Heatcraft, Inc., a leader in worldwide refrigeration and heat transfer, in 1986 after seven years at McQuay-Perfex and one at Snyder General. He served as vice president of marketing and engineering for Heatcraft's heat transfer division until 1988, when he was promoted to vice president and general manager of the division. In 1991, he became president and chief operating officer (COO) of Armstrong Air Conditioning Inc., and in 1995 became president and COO of Lennox Industries Inc. Heatcraft, Armstrong, and Lennox Industries are all Lennox International subsidiaries.
Schjerven served as president and COO of Lennox Industries until his appointment to COO of Lennox International in July of this year. He also currently serves as chairman of the Gas Appliance Manufacturers Association (GAMA).
Selling heating, ventilation, air conditioning, and refrigeration equipment in over 70 countries, Lennox International Inc. is a global leader in climate control solutions. Lennox operates in five key business segments: North American residential, North American retail, worldwide commercial refrigeration, worldwide commercial air conditioning, and worldwide heat transfer. Lennox International stock is traded on the New York Stock Exchange under the symbol "LII". Additional information is available at: www.lennoxinternational.com or by contacting Karen O'Shea, vice president, communications and public relations, at 972-497-5258.
This news release contains forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995. These statements are
subject to numerous risks and uncertainties that could cause actual results to
differ materially from such statements. For information concerning these
risks and uncertainties, see Lennox' publicly available filings with the
Securities and Exchange Commission. Lennox disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE Lennox International Inc.
Web site: http: //www.lennoxinternational.com
CONTACT: Karen O'Shea, vice president, communications and public relations of Lennox International Inc., 972-497-5258