Lineage (NASDAQ: LINE) tech leader Thattai to retire in 2027 after transition
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Lineage, Inc. announced that Sudarsan Thattai, its Chief Information Officer and Chief Transformation Officer, plans to retire from the company on April 2, 2027. His CIO duties will be transitioned to other leaders before then, while he continues as Chief Transformation Officer through the retirement date.
The company is implementing a phased handover, with day-to-day leadership of the global IT and Technology organization moving to Chris Johnson, Vice President of Technology Projects. A related press release detailing the transition and leadership continuity plan is furnished as an exhibit.
Positive
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Negative
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Retirement date: April 2, 2027
Tenure at Lineage: 13 years
Facilities: Over 500 facilities
+2 more
5 metrics
Retirement date
April 2, 2027
Planned retirement of CIO and Chief Transformation Officer
Tenure at Lineage
13 years
Thattai’s service since joining in 2013
Facilities
Over 500 facilities
Global temperature-controlled warehouse network
Square footage
Approximately 88 million square feet
Total facility footprint across the network
Storage capacity
Approximately 3.1 billion cubic feet
Temperature-controlled capacity across regions
Key Terms
Regulation FD Disclosure, temperature-controlled warehouse REIT, forward-looking statements, cold chain, +1 more
5 terms
Regulation FD Disclosure regulatory
"Item 7.01 – Regulation FD Disclosure."
temperature-controlled warehouse REIT financial
"the world’s largest global temperature-controlled warehouse REIT"
forward-looking statements regulatory
"Certain statements contained in this press release may be considered forward-looking statements"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
cold chain technical
"advancing the cold chain category into its next era of innovation"
A cold chain is the continuous temperature-controlled system used to store and transport products that must stay cold, such as vaccines, biologic medicines, and some foods — think of a refrigerator on wheels and in warehouses that keeps items at specific temperatures from factory to customer. Investors watch cold chain strength because failures raise product loss, regulatory trouble, and extra costs, while reliable cold chains protect sales, margins, and a company’s reputation.
warehouse execution technology technical
"Lineage’s proprietary warehouse execution technology"
Warehouse execution technology is the software and control systems that coordinate people, machines and workflows on a warehouse floor—think of it as an air-traffic controller or orchestra conductor for order picking, packing and shipping. It matters to investors because it directly affects how fast and accurately a business can fulfill orders, how much it spends on labor and equipment, and how easily operations can scale, all of which influence revenue and profit margins.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported)
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(Exact name of registrant as specified in its charter)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act: | ||||||||
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02 – Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April 7, 2026, Sudarsan Thattai, Chief Information Officer and Chief Transformation Officer of Lineage, Inc. (the “Company”), notified the Company that he plans to retire from the Company on April 2, 2027 (the “Retirement Date”). The Company anticipates that Mr. Thattai’s Chief Information Officer responsibilities will be transitioned to other members of management in advance of the Retirement Date and that Mr. Thattai will continue as Chief Transformation Officer until the Retirement Date.
Item 7.01 – Regulation FD Disclosure.
On April 9, 2026, the Company issued a press release announcing Mr. Thattai’s retirement plans. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.
The information included in this Item 7.01, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
Item 9.01 – Financial Statements and Exhibits
(d): The following exhibits are being filed herewith:
| Exhibit No. | Description | |||||||
| 99.1 | Press Release of Lineage, Inc. dated April 9, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| (Registrant) | ||||||||
| April 9, 2026 | /s/ Natalie Matsler | |||||||
| Date | (Signature) | |||||||
| Natalie Matsler | ||||||||
| Chief Legal Officer & Corporate Secretary | ||||||||
Lineage, Inc. Announces Chief Information Officer and Chief Transformation Officer Retirement and Transition Plan NOVI, Mich. – (April 9, 2026) - Lineage, Inc. (NASDAQ: LINE) (“Lineage” or the "Company"), the world’s largest global temperature-controlled warehouse REIT, today announced the planned retirement of its Chief Information Officer and Chief Transformation Officer, Sudarsan Thattai. The Company will implement a phased transition to maintain momentum across mission-critical initiatives and provide a smooth and well-supported leadership handoff. Thattai will continue his role as Chief Transformation Officer (CTO) and remain with Lineage through the subsequent transition period until his planned retirement in April 2027. As part of this transition, day-to-day leadership of Lineage’s global IT and Technology organization will transition to Chris Johnson (“CJ”), Vice President of Technology Projects, while Thattai focuses on high-impact, future-oriented IT priorities. “On behalf of the Board of Directors and Lineage’s executive leadership team, I want to thank Sudarsan for his leadership and contributions over the last 13 years in spearheading Lineage’s innovation and technology strategy,” said Greg Lehmkuhl, President and Chief Executive Officer of Lineage. “Throughout his tenure, Sudarsan has brought deep expertise and invaluable experience in leading high-impact teams across our organization. We are deeply grateful that he will continue in his CTO role and support CJ during the transition.” Thattai joined Lineage in 2013 and created the foundation for our IT and innovation capabilities, leading the development and implementation of pivotal technology, such as LinOS, Lineage’s proprietary warehouse execution technology. Prior to joining Lineage, Thattai served as a senior technology leader at UTi Worldwide. “It has been a great privilege to be a part of Lineage and to lead its technology enterprise,” said Thattai. “The Company is well positioned for sustained growth and innovation in the years ahead. I am deeply proud of what our team has accomplished, and I’m confident Lineage will continue to build on this strong foundation and achieve even greater success while advancing the cold chain category into its next era of innovation and global impact.” About Lineage Lineage, Inc. (NASDAQ: LINE) is the world’s largest global temperature-controlled warehouse REIT with a network of over 500 strategically located facilities totaling approximately 88 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most
importantly, feed the world. Learn more at onelineage.com and join us on LinkedIn, Facebook, Instagram, and X. Forward Looking Statements Certain statements contained in this press release may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release. Investor Relations Contact Ki Bin Kim VP, Investor Relations ir@onelineage.com Media Contact Megan Hendricksen VP, Global Marketing & Communications pr@onelineage.com
FAQ
What leadership change did Lineage (LINE) announce in this 8-K filing?
Lineage announced that Chief Information Officer and Chief Transformation Officer Sudarsan Thattai plans to retire on April 2, 2027. His responsibilities will transition gradually, with a structured handoff of IT leadership and continuation in the transformation role until his retirement date.
When is Lineage executive Sudarsan Thattai scheduled to retire?
Sudarsan Thattai plans to retire from Lineage on April 2, 2027. Until then, he remains Chief Transformation Officer while his Chief Information Officer responsibilities are transitioned to other management, supporting continuity across the company’s technology and transformation initiatives.
Who will lead Lineage’s global IT and Technology organization after the transition?
Day-to-day leadership of Lineage’s global IT and Technology organization will transition to Chris Johnson, Vice President of Technology Projects. Thattai will focus on high-impact, future-oriented IT priorities while supporting Johnson during the phased leadership transition ahead of his retirement.
How long has Sudarsan Thattai been with Lineage (LINE)?
Sudarsan Thattai has served at Lineage for about 13 years, having joined in 2013. He helped build the company’s IT and innovation capabilities, including developing LinOS, its proprietary warehouse execution technology, and leading high-impact technology teams across the organization.
What business does Lineage (LINE) operate according to this filing and release?
Lineage operates as a global temperature-controlled warehouse REIT, described as the world’s largest. It runs over 500 facilities totaling about 88 million square feet and 3.1 billion cubic feet of capacity, supporting food and beverage producers, retailers, and distributors across multiple regions.
What exhibit accompanied Lineage’s announcement of the CIO and CTO transition?
The company attached a press release as Exhibit 99.1 describing Sudarsan Thattai’s planned retirement and the transition plan. This information is furnished under Regulation FD and is not deemed filed for liability purposes under Section 18 of the Exchange Act.