Modine Manufacturing Company announced on February 26, 2025, a leadership change within its Performance Technologies segment. Adrian I. Peace, President of Performance Technologies, will no longer serve in this role, with his employment terminating effective September 30, 2025.
Neil D. Brinker, Modine's President and Chief Executive Officer, will assume interim leadership of the Performance Technologies segment. The company plans to initiate a comprehensive search for Mr. Peace's successor.
Modine stated that its strategy to reposition the Performance Technologies segment towards a higher growth, higher margin business mix, leveraging its 80/20 discipline, remains on track. The segment aims to achieve 15% to 18% adjusted EBITDA margins over the next two years.
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