AUSTIN, Texas, Jan. 7, 2020 /PRNewswire/ -- Resideo
Technologies, Inc. (NYSE: REZI), a leading global provider
of home comfort and security solutions, today announced that
Sach Sankpal has been named
president of Resideo's Products & Solutions business, effective
Jan. 7, 2020.
Sankpal is a proven leader with a successful track record of
driving growth, operational excellence and strategic transformation
at global industrial and technology companies. He brings more than
25 years of experience across strategy, marketing, finance,
operations and sales. Sankpal most recently served as senior vice
president for Emerging Industries at Trimble, Inc., a $3 billion in revenue company specializing in
hardware and software for global industrial companies. During his
tenure, Sankpal drove company-wide strategies for product
innovation, pricing, product management, sales innovation and
deployment as well as a new management operating system to support
the company's multiple business lines.
Prior to Trimble, Sankpal served in various leadership, strategy
and operations roles at Avaya, Inc. and Navigant Consulting. He
also served as president of Honeywell Global Safety Products, a
$2 billion in revenue business, where
he led a recovery in the segment by driving operational excellence
in delivery and productivity, transforming the company's research
and development program and enhancing its product roadmap.
"We are delighted to welcome Sach to Resideo," said Andy Teich, the company's lead independent
director and chair of its Strategic and Operational Committee.
"Given his deep leadership experience and operational expertise,
Sach is ideally positioned to lead the Products & Solutions
business as we transform Resideo into a more profitable, efficient
company. He will play a critical role executing the recommendations
of our ongoing operational and financial review as we work to drive
long-term success and enhance shareholder value."
Niccolo de Masi, who previously
served as Resideo's Products & Solutions president, chief
innovation officer and board member, will remain as chief
innovation officer but will resign his role as board member.
About Resideo
Resideo is a leading global provider of
critical comfort and security solutions primarily in residential
environments and distributor of low-voltage electronic and security
products. Building on a 130-year heritage, Resideo has a presence
in more than 150 million homes, with 15 million systems installed
in homes each year. We continue to serve more than 110,000
contractors through leading distributors, including our ADI Global
Distribution business, which exports to more than 100 countries
from more than 200 stocking locations around the world. Resideo is
a $4.8 billion company with
approximately 13,000 global employees. For more information about
Resideo, please visit www.resideo.com.
Contacts
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Media:
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Investors:
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Annalise
Helms
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Matt
Giordano
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(763)
777-4334
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(516)
577-7932
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annalise.helms@resideo.com
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investorrelations@resideo.com
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Forward-Looking Statements
This release contains "forward-looking statements." All
statements, other than statements of fact, that address activities,
events or developments that we or our management intend, expect,
project, believe or anticipate will or may occur in the future are
forward-looking statements. Although we believe forward-looking
statements are based upon reasonable assumptions, such statements
involve known and unknown risks, uncertainties, and other factors,
which may cause the actual results or performance of the company to
be materially different from any future results or performance
expressed or implied by such forward-looking statements. Such risks
and uncertainties include, but are not limited to, those described
under the headings "Risk Factors" and "Cautionary Statement
Concerning Forward-Looking Statements" in our Annual Report on Form
10-K for the year ended Dec. 31, 2018
and our Quarterly Report on Form 10-Q for the quarter ended
Sept. 30, 2019 filed with the
Securities and Exchange Commission ("SEC"). You are cautioned not
to place undue reliance on these forward-looking statements, such
as our expectations regarding the executive transitions, each of
which speak only as of the date of this release. Forward looking
statements are not guarantees of future performance, and actual
results, developments and business decisions may differ from those
envisaged by our forward-looking statements.
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SOURCE Resideo Technologies, Inc.