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Michael W. Lamach net worth and biography

Michael Lamach Biography and Net Worth

Insider of Trane Technologies

Mike Lamach is executive chair of the Board of Directors of Trane Technologies plc, a global climate innovator focused on sustainable solutions for buildings, homes and transportation. Mike assumed his current role in July 2021 after announcing plans to retire from the company in the first half of 2022.

Mike served as chair and CEO for eleven years. Under his leadership, Trane Technologies transformed from a diversified industrial manufacturing company, formerly Ingersoll Rand, to an industry-leading climate company with consistent top tier financial and environmental, social and governance (ESG) performance. The company’s total shareholder return over his tenure as CEO was more than 700%, nearly twice the total shareholder return of the S&P 500.

Mike led the creation of the company’s purpose-driven sustainability strategy, its proprietary business operating system, and its widely recognized culture of engagement. Mike also led multiple strategic evolutions, including the spin-off of the company’s security technologies business in 2013, and the separation of the company’s industrial businesses in 2020, culminating in the launch of the remaining company as Trane Technologies.

After joining the company in 2004, Mike led the Security Technologies business and the Trane Commercial business before becoming chief operating officer. He was named chief executive officer in February 2010 and elected chair of the Board of Directors in June 2010. Prior to joining the company, Mike served in various leadership roles for Johnson Controls over a 17-year tenure.

In 2019, Mike was named one of Harvard Business Review’s top performing CEOs and listed by Forbes among America’s 100 Most Innovative Leaders. He is a leader in the manufacturing sector and has served as chair of the National Association of Manufacturers since June 2019.

Mike also serves on the Board of Directors of PPG Industries and as a member of Duke University’s Fuqua School of Business board of visitors. He holds a bachelor’s degree in engineering from Michigan State University and a master’s degree in business administration from Duke University. Mike and his family live in Charlotte, NC, where he is active in the community.

What is Michael W. Lamach's net worth?: The estimated net worth of Michael W. Lamach is at least $107.42 million as of September 1st, 2021. Mr. Lamach owns 257,340 shares of Trane Technologies stock worth more than $107,418,863 as of November 23rd. This net worth approximation does not reflect any other investments that Mr. Lamach may own. Learn More about Michael W. Lamach's net worth.
How do I contact Michael W. Lamach?: The corporate mailing address for Mr. Lamach and other Trane Technologies executives is 170/175 LAKEVIEW DRIVE AIRSIDE BUSINESS PARK SWORDS, DUBLIN L2, 28036. Trane Technologies can also be reached via phone at (531) 870-7400 and via email at [email protected]. Learn More on Michael W. Lamach's contact information.
Has Michael W. Lamach been buying or selling shares of Trane Technologies?: Michael W. Lamach has not been actively trading shares of Trane Technologies over the course of the past ninety days. Most recently, Michael W. Lamach sold 49,930 shares of the business's stock in a transaction on Wednesday, December 8th. The shares were sold at an average price of $200.00, for a transaction totalling $9,986,000.00. Learn More on Michael W. Lamach's trading history.
Who are Trane Technologies' active insiders?: Trane Technologies' insider roster includes Marcia Avedon (EVP), Paul Camuti (EVP), Christopher Kuehn (CFO), Michael Lamach (Insider), Mairead Magner (SVP), Raymond Pittard (EVP), David Regnery (COO), Donald Simmons (Group President, Americas), Keith Sultana (SVP), and Evan Turtz (SVP). Learn More on Trane Technologies' active insiders.
Are insiders buying or selling shares of Trane Technologies?: During the last twelve months, insiders at the sold shares 13 times. They sold a total of 74,117 shares worth more than $22,679,374.82. The most recent insider tranaction occured on August, 7th when EVP Raymond D Pittard sold 1,805 shares worth more than $593,213.25. Insiders at Trane Technologies own 0.4% of the company. Learn More about insider trades at Trane Technologies.
Information on this page was last updated on 8/7/2024.

Michael W. Lamach Insider Trading History at Trane Technologies

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
12/8/2021	Sell	49,930	$200.00	$9,986,000.00
9/1/2021	Sell	126,724	$197.45	$25,021,653.80	257,340
7/6/2021	Sell	213,420	$184.00	$39,269,280.00
11/27/2020	Sell	232,115	$144.81	$33,612,573.15	373,424

Michael W. Lamach Buying and Selling Activity at Trane Technologies

Trane Technologies Company Overview

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps. The company also provides building management, telematic, control, energy efficiency and infrastructure program, geothermal, thermal energy, thermostats, rate chambers, package heating and cooling, temporary heating and cooling, and unitary systems; bus, rail, and multi-pipe heating, ventilation, and air conditioning systems; and container, diesel-powered, truck, industrial, rail, self-powered truck, trailer, and vehicle-powered truck refrigeration and air filtration systems, as well as aftermarket and OEM parts and supplies. In addition, it offers energy and facility management, installation and performance contracting, repair and maintenance, and rental services. It markets and sells its products under the Trane and Thermo King brands through sales offices, distributors, and dealers; and through sales and service companies with a supporting chain of distributors. The company was formerly known as Ingersoll-Rand Plc and changed its name to Trane Technologies plc in March 2020. Trane Technologies plc was founded in 1885 and is headquartered in Swords, Ireland.

Today's Range

Now: $417.42

$413.56

$418.16

50 Day Range

MA: $394.03

$369.20

$417.42

2 Week Range

Now: $417.42

$221.22

$421.78

Volume

896,176 shs

Average Volume

1,111,609 shs

Market Capitalization

$93.93 billion

P/E Ratio

38.72

Dividend Yield

0.82%

Beta

1.02

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