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Alok Maskara: Shaping the Future of Climate Control

Alok Maskara: Shaping the Future of Climate Control

February 18, 2025

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In this episode, Mohit Jaju, President at Ayna, speaks with Alok Maskara, CEO of Lennox International, about the company's commitment to innovation and sustainability. Alok highlights Lennox鈥檚 focus on delivering energy-efficient HVACR solutions using smart technologies, AI, and a direct distribution model. He also discusses the company's 2026 targets, built around the "GREAT" framework鈥攇rowth, resilience, technology, and talent鈥攁nd addresses challenges like supply chain disruptions and labor shortages through dual sourcing and automation.

Lennox, a leader in energy-efficient climate control, generated $5.3B in revenue with a 19.4% operating margin in 2024. Ranked among the top 20 highest TSR companies over 20 years, it has delivered 20%+ annual shareholder returns. With an 8.5% revenue CAGR and a 500+ bps margin expansion over three years, Lennox continues its strong growth trajectory.

Alok Maskara, CEO of Lennox International, brings over 25 years of leadership experience across advanced materials, water treatment, and HVAC industries. Previously the CEO of Luxor Holdings, he has held senior roles at Pentair, GE, and McKinsey & Company and serves on Franklin Electric鈥檚 board. Alok鈥檚 expertise in aligning strategy with long-term value creation makes him a leading voice in manufacturing and technology.

Discussion Points

  • Alok highlights Lennox鈥檚 commitment to continuous improvement, shaped by his diverse industry experiences, and his aim to leave the company stronger as its 9th CEO.
  • Alok Maskara, CEO of Lennox International, shares the company's mission to deliver perfect air through innovative, sustainable climate solutions, highlighting trends like electrification and energy efficiency, along with ambitious 2026 targets.
  • To tackle supply chain disruptions and labor shortages, Lennox relies on dual sourcing, automation, and AI while focusing on talent retention and recruitment.
  • Alok outlines Lennox鈥檚 "GREAT" framework鈥擥rowth, Resilience, Execution, Advanced Technology, and Talent鈥攁s a guide for strategic value creation and long-term growth.
  • Reflecting on his leadership journey, Alok shares insights on staying motivated, navigating competition, and embracing technological advancements like AI.
  • Mohit and Alok discuss balancing short-term demands with long-term goals, emphasizing accessibility through initiatives like 鈥淎sk Alok,鈥 town halls, and site visits.

Links

Hosts

Mohit Jaju

President, Ayna

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