Mike Lamach recently retired as executive chair of the board of directors of Trane Technologies, a global climate innovator focused on sustainable solutions for buildings, homes and transportation. Lamach served as chair and CEO for eleven years. Under his leadership, Trane Technologies transformed from a diversified industrial manufacturing company, formerly Ingersoll Rand, to an industry-leading climate company with consistent top tier financial and environmental, social and governance (ESG) performance. The company’s total shareholder return over his tenure as CEO was more than 700 percent, nearly twice the total shareholder return of the S&P 500.
He led the creation of the company’s purpose-driven sustainability strategy, its proprietary business operating system, and its widely recognized culture of engagement. He also led multiple strategic evolutions, including the spin-off of the company’s security technologies business in 2013 and the separation of the company’s industrial businesses in 2020, culminating in the launch of the remaining company as Trane Technologies.
After joining the company in 2004, Lamach led the security technologies business and the Trane Commercial business before becoming chief operating officer. He was named chief executive officer in February 2010 and elected chair of the board of directors in June 2010. Before joining the company, he served in various leadership roles for Johnson Controls over a 17-year tenure.
In 2019, Lamach was named one of Harvard Business Review’s top performing CEOs and listed by Forbes among America’s 100 Most Innovative Leaders. He is a leader in the manufacturing sector and has served as chair of the National Association of Manufacturers since June 2019. Lamach also serves on the board of directors of PPG Industries and as a member of Duke University’s Fuqua School of Business board of visitors. He holds a bachelor’s degree in engineering from Michigan State University and a master’s degree in business administration from Duke University. Lamach and his family live in Charlotte, North Carolina, where he is active in the community.
GA 429 | Driving Excellence and Creating Value with Michael Lamach | LISTEN TO THE PODCAST ON GEMBAACADEMY.COM
Mike Lamach recently joined Gemba Academy for a podcast on driving excellence and creating value. Host Ron Pereira and Lamach talked about everything from his time at Trane Technologies, to promoting engagement, cycle time and more. The episode is available for streaming and download here.