Modine Promotes Art Laszlo to President of Newly Created Data Centers Segment

Modine (NYSE: MOD) promoted Art Laszlo to President, Data Centers, effective April 1, 2026, creating a standalone Data Centers segment previously part of Climate Solutions.

Rhea-AI Summary

Modine (NYSE: MOD) promoted Art Laszlo to President, Data Centers, effective April 1, 2026, creating a standalone Data Centers segment previously part of Climate Solutions. The company will report the two segments with first quarter fiscal 2027 results. Performance Technologies remains a separate segment until its planned spin-off later this calendar year as part of the transaction with Gentherm.

Laszlo, who joined Modine in 2022, will lead growth and profitability for the new global Data Centers business, while Eric McGinnis will continue to lead the remaining Climate Solutions segment until his planned retirement.

Positive

• Created standalone Data Centers reporting segment, effective April 1, 2026
• Appointed Art Laszlo as President to lead Data Centers business
• Segment reporting change effective with Q1 fiscal 2027 results
• Performance Technologies to remain separate until spin-off later this calendar year
• Laszlo brings company tenure since 2022 and senior industry experience

Negative

• Climate Solutions leadership transition until Eric McGinnis's planned retirement
• Spin-off of Performance Technologies this calendar year may add near-term complexity

Argus Apr 14 session

-1.30% close to close Open Argus

Details

News Market Reaction – MOD

On Apr 14, the day this news came out, MOD closed 1.30% below the previous close.

Data tracked by StockTitan Argus for the Apr 14 session.

Market Context

This announcement highlighted Modine’s decision to elevate its Data Centers activities into a standa...

Analysis

This announcement highlighted Modine’s decision to elevate its Data Centers activities into a standalone global segment and promote Art Laszlo to lead it effective April 1. The change follows prior communications emphasizing rapid data center growth and a planned spin-off of the Performance Technologies segment. Investors may watch how separate reporting beginning with Q1 fiscal 2027 clarifies growth and profitability in data centers versus climate solutions, alongside ongoing leadership and portfolio transitions.

Key Figures

Publication date: April 14, 2026 Role effective date: April 1 Segment reporting timing: Q1 fiscal 2027 +1 more

Publication date

April 14, 2026

Press release dateline for leadership promotion

Role effective date

April 1

Effective date for Art Laszlo’s President, Data Centers role

Segment reporting timing

Q1 fiscal 2027

Company will begin reporting Data Centers and Climate Solutions separately

Year joined Modine

2022

Art Laszlo’s initial joining year at Modine

Historical Context

5 past events · Latest: Apr 01

5 events

1. Apr 01

   Sustainability initiative

   24h Move

   +2.9%

   Joined DOE Better Plants program and earned strong CDP/EcoVadis ratings.

2. Feb 04

   Earnings results

   24h Move

   +2.9%

   Reported Q3 2026 growth in sales, data centers, EBITDA and raised guidance.

3. Jan 22

   Product launch

   24h Move

   +2.7%

   Launched TurboChill 3+MW chiller targeting AI data center cooling needs.

4. Jan 21

   Earnings call notice

   24h Move

   +5.4%

   Announced schedule and access details for Q3 2026 earnings call.

5. Jan 13

   Product positioning

   24h Move

   -0.1%

   Showcased advanced PUE and free-cooling solutions for high-density data centers.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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RACINE, Wis., April 14, 2026 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in thermal management technology and solutions, has announced the promotion of Art Laszlo to President, Data Centers, effective April 1. Mr. Laszlo will lead the newly created Data Centers segment, which was formerly part of the Climate Solutions segment. Eric McGinnis will continue to lead the remainder of the Climate Solutions segment until his previously announced planned retirement. The company will report these two segments with first quarter fiscal 2027 results. The Performance Technologies segment also will continue to be reported as a separate segment until its spin-off later this calendar year as part of the previously announced transaction with Gentherm.

Mr. Laszlo is responsible for driving growth and profitability in Modine's highly strategic Data Centers business, further strengthening its position as a leading provider of innovative cooling solutions to the world's leading data center operators.

"I am thrilled to announce Art's promotion to this critical leadership role," said Neil D. Brinker, President and Chief Executive Officer of Modine. "Art's proven leadership and deep focus on providing critical cooling solutions make him the ideal choice to lead this new segment. The creation of the global Data Centers segment is a testament to the significant growth and opportunities we see in this market, and I am confident that under Art's guidance, we will continue to deliver exceptional value to our customers."

Mr. Laszlo joined Modine in 2022 and has since held a series of progressively senior leadership roles. Before Modine, he served as President, Advanced Flow Solutions at IDEX, where he focused on the downstream oil and gas sector. Prior to IDEX, he held leadership positions at General Electric, Brunswick Corporation, Mars Incorporated and General Motors.

About Modine
For more than 100 years, Modine has solved the toughest thermal management challenges for mission-critical applications. Our purpose of Engineering a Cleaner, Healthier World™ means we are always evolving our portfolio of technologies to provide the latest heating, cooling, and ventilation solutions. Through the hard work of more than 11,000 employees worldwide, our Climate Solutions, Data Centers, and Performance Technologies segments advance our purpose with systems that improve air quality, reduce energy and water consumption, lower harmful emissions, and enable the transition to a more sustainable future. Modine is a global company headquartered in Racine, Wisconsin (U.S.), with operations in North America, South America, Europe, and Asia. For more information about Modine, visit modine.com.

Investor Contact
Kathleen Powers
(262) 636-1687
kathleen.t.powers@modine.com

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SOURCE Modine

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who is Art Laszlo and what is his new role at Modine (MOD)?

Art Laszlo was promoted to President, Data Centers, effective April 1, 2026. According to the company, Laszlo joined Modine in 2022 and will lead the newly created global Data Centers segment to drive growth and profitability.

When will Modine (MOD) start reporting the new Data Centers segment?

Modine will report the Data Centers segment with first quarter fiscal 2027 results. According to the company, the Data Centers business was carved out from the Climate Solutions segment for separate reporting.

What happens to the Climate Solutions segment after the Data Centers split at Modine (MOD)?

Eric McGinnis will continue to lead the remaining Climate Solutions segment until his planned retirement. According to the company, Data Centers were previously part of Climate Solutions and are now a separate reporting segment.

Will Modine (MOD) still report Performance Technologies separately after the change?

Yes, Performance Technologies will continue as a separate reported segment until its planned spin-off later this calendar year. According to the company, the spin-off is part of the previously announced transaction with Gentherm.

Does Art Laszlo have prior industry leadership experience relevant to Modine (MOD)?

Yes, Laszlo held progressively senior roles since joining Modine in 2022 and previously served as President, Advanced Flow Solutions at IDEX. According to the company, his background includes leadership roles at several large industrial firms.