Modine has named company VP Finance and CFO, Mick Lucareli as interim president and CEO, effective 4 August after Thomas Burke stepped down.
Burke will remain with the company in a senior advisory role until 28 August, 2020.
“I am honoured to have served as Modine’s president and CEO,” said Burke. “I would like to thank the entire Modine team.
“It has been a privilege to work with all of the Modine employees for the past 15 years. I believe we have done tremendous work together, including transforming the business to be a more diversified thermal management solutions provider. Modine has a bright future and I look forward to seeing its continued success.”
For her part, Marsha Williams, lead director of Modine’s board of directors added: “On behalf of the entire board of directors, I would like to thank Tom for his more than 15 years of service with Modine and his more than 12 years as our president and CEO.
“Tom accepted the CEO position in the midst of the 2008-2009 financial crisis and acted with a sense of urgency to fortify Modine’s operations and ensure the company weathered the economic downturn.”