Copeland, a global leader in sustainable climate solutions and a key player in the HVAC, Refrigeration (HVACR), and industrial compression industry, announced the appointment of Paul Lundstrom as Chief Financial Officer (CFO), effective August. Copeland operates as a standalone company under Blackstone's Capital Partners Fund XIII.

Paul Lundstrom’s Background:

• Extensive finance and business transformation experience.
• Previous roles:
  • CFO at Flex, Ltd (NASDAQ: FLEX).
  • Key player in the IPO of Nextracker (NASDAQ: NXT) from Flex in 2023.
  • CFO at Aerojet Rocketdyne (previously NYSE: AJRD).
  • Senior financial roles at United Technologies (previously NYSE: UTX), including VP of Investor Relations and CFO roles in various business units.

Impact on Copeland:

• Lundstrom’s broad expertise in finance, business transformation, manufacturing, and investor relations.
• Expected immediate and long-term impact on Copeland’s operations and strategy.
• CEO Ross B. Shuster’s positive outlook on Lundstrom’s fit with Copeland’s culture and goals.

Statements from Copeland Leadership:

• Ross B. Shuster, CEO: Praised Lundstrom’s experience and cultural fit, anticipating a positive impact on day-to-day operations and strategic goals.

Lundstrom’s Vision and Motivation:

• Excitement about joining Copeland as it establishes itself as a standalone leader in the global HVACR and industrial compression industry.
• Motivation to contribute to sustainability and addressing global climate challenges.
• Focus on energy transition, adoption of low global warming refrigerants, and safeguarding food and pharmaceuticals through the cold chain.

Paul Lundstrom’s appointment as CFO marks a significant addition to Copeland’s executive team. With his extensive background in finance, business transformation, and a strong commitment to sustainability, Lundstrom is set to drive Copeland’s strategic initiatives and operational excellence. Copeland is poised to continue its leadership in providing sustainable climate solutions and addressing complex global challenges.