Mitsubishi Electric Trane HVAC US Announces New Chief Executive Officer

Mark Kuntz Named CEO

SUWANEE, Ga.–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/MakeComfortPersonal?src=hash” target=”_blank”gt;#MakeComfortPersonallt;/agt;–Mitsubishi
Electric Trane HVAC US
(METUS), the exclusive provider of Zoned
Comfort Solutions® and a leading supplier of Variable
Refrigerant Flow (VRF) heating and cooling systems, announces the
promotion of Mark Kuntz to chief executive officer (CEO).

In his new role as CEO effective April 1, Kuntz leads the development,
promotion and execution of METUS’ business growth strategy and manages
all departments. Kuntz reports to the METUS Board of Directors.

“Mark brings incredible leadership, management and HVAC industry
expertise to this position. In his previous role as Senior Vice
President and Deputy General Manager of the Mitsubishi Electric US
Cooling & Heating Division, Mark was critical in the formation of the
METUS joint venture and we look forward to continued success under his
vision and direction,” says Masafumi Ando, chairman of the METUS board
of directors.

“Mark has played an instrumental leadership role in the formation and
success of the METUS joint venture,” said Dave Regnery, executive vice
president of Ingersoll Rand. “His strong HVAC industry knowledge paired
with his vision and track record of operating performance make him the
ideal CEO for the joint venture. We are excited about a future with Mark
at the helm.”

Kuntz joined Mitsubishi Electric US, Inc.’s Cooling & Heating Division
in 2010 and previously held positions in sales, marketing, product
development, engineering and administration. Prior to the joint venture
formation, he held the position of senior vice president and deputy
general manager of the Cooling & Heating Division. He was promoted to
chief operating officer for METUS in August 2018 after the joint
venture’s formation.

Kuntz is a professional engineer licensed in California and a LEED®
accredited professional. He holds a bachelor’s degree from California
Polytechnic State University and a master’s degree from Southern
Methodist University.

As CEO, Kuntz oversees all METUS business activities to ensure alignment
with short- and long-term strategic objectives. He provides strategic
and managerial leadership throughout the organization as METUS pursues
key performance objectives, including profitability, sustainability and
corporate social responsibility. He also collaborates with and leads the
METUS executive management team to communicate and model the company’s
core mission, vision, values, strategies and objectives.

Kuntz will continue to be based in Suwanee, Georgia.

About Mitsubishi Electric Trane HVAC US LLC

Formed in May 2018, Mitsubishi Electric Trane HVAC US LLC (METUS) is a
leading provider of ductless, ducted and VRF systems in the United
States and Latin America. A joint venture between Ingersoll Rand plc and
Mitsubishi Electric US, Inc., the company provides innovative products,
systems and solutions capable of heating and cooling a broad range of
applications from a home to a large commercial building.

METUS is the exclusive marketer of Zoned Comfort Solutions®
and a leading marketer of Variable Refrigerant Flow (VRF) heating and
cooling technology. Systems sold by the joint venture include a wide
variety of technologically advanced products designed to deliver
superior efficiency, comfort and control for every home or building type.

The family of brands supported by METUS includes: Mitsubishi
Electric Cooling & Heating, Trane® / Mitsubishi
Electric and American Standard® / Mitsubishi Electric. More
information is available at www.metahvac.com.

Contacts

Media Contact:
Katie Sikorski
Griffin & Co./LMO
katiesikorski@lmo.com
703-666-8447