Vertiv has announced that Giordano Albertazzi will be taking over as the company’s new CEO. The global provider of critical digital infrastructure and continuity solutions also revealed that Giordano was appointed to the Board of Directors.
He takes over from Rob Johnson who retired at the end of last year for health reasons. Albertazzi, previously President, Americas, was immediately appointed as a chief operating officer with a view to taking the helm of the company in the new year.
“I’m honored to take the helm of Vertiv as CEO. I’m looking forward to working closely with our leadership team and employees around the world to continue to increase the value we create for our customers, further strengthen our financial performance and create long-term value for our shareholders,” said Albertazzi. “As I’ve shared with Vertiv employees, we will work to achieve our full potential by focusing on building a high-performance culture of collaboration and innovation; institutionalizing operational excellence and execution; and ultimately delivering profitable growth and improved cash flow.”
Dave Cote, Executive Chairman at Vertiv added “With more than two decades of operational and business experience at Vertiv and a track record of performance in both Europe and the Americas, Giordano is the right person to drive Vertiv forward. He was instrumental in driving significant operational and financial improvements while leading EMEA, and in the ongoing turnaround of the Americas. He understands how to build and maintain a high-performing culture. Giordano’s operational expertise and deep understanding of Vertiv’s business and customers will be pivotal in driving continued performance improvement while navigating macroeconomic uncertainty.”
As CEO, Albertazzi will aim to increase Vertiv’s relentless customer focus as it addresses the infrastructure and business needs of the data center, communication networks and industrial applications.
Albertazzi assumes the CEO role at a time of continued strong demand across Vertiv’s data center end markets. The company reported a record order backlog of $4.7 billion as of the end of the third quarter of 2022. Vertiv is a leader in providing thermal, power, IT management, and integrated solutions for global data center operators to meet ongoing consumer demand.
In addition to becoming CEO, Albertazzi will also continue in his position as President, Americas, until a successor is named. In connection with Albertazzi transitioning out of the COO role, operational oversight will reside with regional Presidents to further focus on regional performance.