Michael W. Lamach is the CEO of Trane Technologies plc, a company known for its energy-efficient solutions in heating, ventilation, and air conditioning. He rose through the ranks from Senior Vice President at Ingersoll Rand to become CEO in 2021,...
Michael W. Lamach is the CEO of Trane Technologies plc, a company known for its energy-efficient solutions in heating, ventilation, and air conditioning. He rose through the ranks from Senior Vice President at Ingersoll Rand to become CEO in 2021, demonstrating significant experience in managing large teams and projects. Lamach played a pivotal role in the company’s focus on sustainability and innovation, which has set the tone for its current growth strategies. In 2021, his total compensation was around $18.25 million, showcasing how much value the company places on his leadership. Most of his pay came from stock awards, indicating confidence in the company’s future performance. Throughout his career, he has emphasized aligning executive pay with company performance, making decisions based on revenue growth and cash flow. Before taking on the CEO role, he held important positions, including President and COO, where he helped streamline operations and drive strategic initiatives. Lamach's background also includes international experience at Johnson Controls, adding to his diverse expertise. His leadership style focuses on accountability and long-term growth, balancing the company's immediate needs with future opportunities.