Modine Names Jonas Caino as General Manager, Data Centers
On November 2, 2021, Modine Manufacturing Company (NYSE: MOD) announced the appointment of Jonas Caino as General Manager of its Data Centers division.
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Rhea-AI Summary
On November 2, 2021, Modine Manufacturing Company (NYSE: MOD) announced the appointment of Jonas Caino as General Manager of its Data Centers division. Caino, who joined Modine's UK subsidiary in 2019, will lead global expansion efforts in data center cooling solutions, particularly in the US and Western Europe. This growth strategy includes expanding manufacturing capabilities for chillers in the UK and full production capabilities in the US within 12 to 18 months. In fiscal 2021, Modine reported revenues of $1.8 billion.
Positive
- Appointment of Jonas Caino as General Manager for Data Centers, tapping into his 25 years of experience.
- Global expansion plans for data center cooling solutions to the US and Western Europe.
- Increased manufacturing capacity for chillers in the UK and US, enhancing production capabilities.
Negative
- None.
Details
News Market Reaction – MOD
The recorded move for MOD in the trading session of this news was -1.33%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
RACINE, Wis., Nov. 2, 2021 /PRNewswire/ -- Modine Manufacturing Company (NYSE:MOD or the "Company"), a diversified global leader in thermal management technology and solutions, today announced that Jonas Caino has been appointed General Manager, Data Centers. In this role, Mr. Caino will lead the Company's Data Centers business and will report to Eric McGinnis, Vice President, Building HVAC. Modine provides flexible, high efficiency data center cooling solutions under the Airedale™ brand name.
Mr. Caino joined Airedale International Air Conditioning Ltd, a U.K. subsidiary of Modine, in 2019 as the Head of Data Center Solutions- Europe and was named Sales Director for EMEA & APAC earlier this year. He has held various commercial roles spanning a 25 year career, with the latter 10 years in senior management positions. Mr. Caino joined Airedale from Etix Everywhere (Vantage DC) where he held the positions of Global Vice President of Sales and UK Country Director. He also worked for Schneider Electric and Geist Global (Vertiv), amongst others.
"Jonas brings deep experience and expertise to this role, and is the right leader to support our growth strategy for our data center business," said McGinnis. "In addition to having responsibility for our UK business, Jonas will also lead our global expansion of data center products to the US and Western Europe. We are currently expanding our manufacturing capacity for chillers in the UK and will fully utilize our plant in Guadalajara, Spain for computer room cooling products, such as computer room air handlers and fan walls. We are also producing certain of these products in the US, with plans to have full production capability in the next 12 to 18 months. We have superior products for the data center market and a global manufacturing footprint to support our growth targets."
For more information about data center cooling solutions, visit www.airedale.com.
About Modine
Modine, with fiscal 2021 revenues of
Investor & Media Contact
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com
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SOURCE Modine Manufacturing Company
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