– USA, OH – Vertiv Holdings (NYSE: VRT), a global provider of critical digital infrastructure and continuity solutions, today announced the appointment of current President for Americas, Giordano Albertazzi, to the additional role of COO effective immediately, and as CEO and Board Director effective on January 1, 2023, to succeed Rob Johnson who will retire as CEO on December 31, 2022.
“I have no doubt, Giordano, with his 24 years of experience leading various aspects of Vertiv’s business, is the right person to drive Vertiv forward. The work he has done this year to transform the Americas region, while not fully completed, has been impressive. His understanding of the industry and what the business needs to operate effectively for customers, investors and employees have proven invaluable. Giordano successfully transformed EMEA from a low-growth and low-margin region to a high-growth and high-margin region, tripling the adjusted operating margin of EMEA. He has a proven track record of execution and has my full confidence to lead Vertiv.” said Executive Chairman, Dave Cote.
The company also announced the appointment of Joe DeAngelo to its Board of Directors, bringing extensive financial and management experience.
“We are pleased to welcome Joe to our Board where his extensive financial experience and demonstrated leadership managing large enterprises provides a valuable perspective and complements the successful backgrounds of our current board members,” added Executive Chairman, Dave Cote. “I first worked with Joe twenty-five years ago. His performance was impressive then and is even more impressive today. The HD Supply transformation he drove is a wonderful example of his stellar performance over an incredible career. We anticipate that Joe’s vision, guided by his successful track record, will be incredibly beneficial as we continue to expand our leadership position in the critical digital infrastructure space.”
Mr. DeAngelo will also join the Nominating and Corporate Governance and Compensation Committees.
About Joseph DeAngelo
Joe DeAngelo served as president and CEO of HD Supply Holdings, Inc. (NASDAQ: HDS) from 2005, and chairman of the Board from 2015 until HDS was acquired by Home Depot (NYSE: HD) in 2020. Mr. DeAngelo previously served in various executive positions at Home Depot from 2004 until 2007. Prior to that, he served as EVP of The Stanley Works, a tool manufacturing company, from 2003 through 2004. From 1986 until 2003, Mr. DeAngelo held various positions with GE. His final position with GE was president and CEO of General Electric TIP/Modular Space, a division of General Electric Capital.
Mr. DeAngelo holds a bachelor’s degree in accounting and economics from the State University of New York at Albany.
About Vertiv
Vertiv brings together hardware, software, analytics and ongoing services to ensure its customers’ vital applications run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today’s data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Columbus, Ohio, USA, Vertiv employs approximately 24,000 people and does business in more than 130 countries.
For more information: https://www.vertiv.com/en-us/
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