8-KLeadership ChangesExhibits & Filings

Trane Technologies plc 8-K Report, Executive Changes (Oct 4, 2023)

Filed October 4, 2023For Securities:TT

Summary

Trane Technologies plc (TT) announced a significant update to its Board of Directors with the appointment of Ana Paula de Jesus Assis as an independent director, effective October 3, 2023. Ms. Assis brings extensive global leadership experience, most recently as Chair and General Manager for Europe, Middle East & Africa (EMEA) at IBM Corporation, where she has held various senior roles since 1996. Her appointment is expected to bolster the board's expertise across key areas. Ms. Assis will contribute to three critical board committees: Human Resources and Compensation, Sustainability, Corporate Governance and Nominating, and Technology and Innovation. This diversified experience will be valuable as the company continues to navigate its strategic objectives. Investors should note that Ms. Assis's compensation will align with the existing non-management director compensation program, and there are no related-party transactions requiring further disclosure.

Key Highlights

  • 1Appointment of Ana Paula de Jesus Assis as an independent director to the Board, effective October 3, 2023.
  • 2Ms. Assis possesses extensive international leadership experience, most recently serving as Chair and General Manager for IBM's EMEA region.
  • 3She has been appointed to three key board committees: Human Resources and Compensation, Sustainability, Corporate Governance and Nominating, and Technology and Innovation.
  • 4Ms. Assis's directorship is in line with the company's existing non-management director compensation plan.
  • 5No arrangements or understandings exist that led to her election, nor are there any reportable related-party transactions.
  • 6The company has attached a press release regarding Ms. Assis's appointment as Exhibit 99.1.

Frequently Asked Questions

Ana Paula de Jesus Assis has been elected as an independent director to the Board of Directors of Trane Technologies plc.

Ms. Assis has a long tenure at IBM Corporation, where she has held various senior leadership positions since 1996, including her most recent role as Chair and General Manager for Europe, Middle East & Africa (EMEA).

Ms. Assis will be a member of the Human Resources and Compensation Committee, the Sustainability, Corporate Governance and Nominating Committee, and the Technology and Innovation Committee.

No, Ms. Assis will participate in the company's standard non-management director compensation program as previously disclosed in the company's definitive proxy statement.