Vertiv Announces CTO Leadership Changes
Rhea-AI Summary
Vertiv (NYSE: VRT) announced a leadership change in its technology organization: Chief Technology Officer Stephen Liang will retire effective January 1, 2026 after three decades with the company. Scott Armul will assume an expanded role as chief product and technology officer effective the same date, combining oversight of the Technology Office with his existing responsibilities for engineering, R&D and global portfolio business units. The realignment is intended to strengthen ties between technology development and business units and to promote internal talent development.
Positive
- Scott Armul promoted to chief product and technology officer on Jan 1, 2026
- Realignment merges Technology Office with business units to tighten strategy
- Armul brings long tenure and cross‑functional experience since joining in 2009
Negative
- CTO Stephen Liang will retire on Jan 1, 2026 after three decades
- Leadership transition concentrates product and technology authority in one role
News Market Reaction
On the day this news was published, VRT gained 1.62%, reflecting a mild positive market reaction. Our momentum scanner triggered 11 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $975M to the company's valuation, bringing the market cap to $61.18B at that time.
Data tracked by StockTitan Argus on the day of publication.
Stephen Liang to Retire, Scott Armul to be Chief Product and Technology Officer in 2026
"Stephen's contributions to Vertiv have been far-reaching throughout his tenure, and he has played an essential role in defining and driving our technology strategy and innovation agenda," said Gio Albertazzi, Vertiv CEO. "His leadership has been instrumental in positioning Vertiv as a technology innovator in our industry, and his legacy will continue to influence our future success."
Scott Armul will be appointed to an expanded role as chief product and technology officer, effective January 1, 2026. Armul was promoted to executive vice president, global portfolio and business units on January 1, 2025.
In his expanded role, Armul will oversee the Technology Office in addition to his responsibilities leading engineering research and development and the business units comprising Vertiv's portfolio of solutions. This strategic realignment of the Technology Office with business units aims to strengthen the connection between technology development and business strategy, enabling Vertiv to better serve evolving customer needs.
Armul, who joined Vertiv in 2009, has held various technical, leadership, and customer-oriented roles within the company, providing him with comprehensive insights into the business and market dynamics. His appointment represents Vertiv's commitment to developing internal talent and fostering a high-performance culture that creates opportunities for growth and impact.
For more information about Vertiv, visit Vertiv.com.
About Vertiv
Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in
Forward-looking statements
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27 of the Securities Act, and Section 21E of the Securities Exchange Act. These statements are only a prediction. Actual events or results may differ materially from those in the forward-looking statements set forth herein. Readers are referred to Vertiv's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q for a discussion of these and other important risk factors concerning Vertiv and its operations. Vertiv is under no obligation to, and expressly disclaims any obligation to, update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT
Vertiv@ruderfinn.com
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SOURCE Vertiv Holdings Co