Düsseldorf, November 14, 2022 – Jeremy L. Rainwater will take over the position of CEO Americas, effective 15 November 2022. Jeremy will be responsible for leading our North and South American business, be based in Atlanta, U.S., and will report to Uday Yadav, CEO of TK Elevator. Jeremy is also appointed to the Board of US Newco Inc. He follows Kevin Lavallee who retired from his position of CEO Americas earlier this month.

Jeremy has a proven track record of driving transformation towards strong financial and operational business growth across multiple industries and also an extensive knowledge of the elevator industry. He joins us from Johnson Controls International, where he was most recently the Chief Operating Officer of the company’s Building Solutions North America business with almost 30,000 employees and revenues of USD 10 billion. Jeremy also brings more than 20 years of successful elevator industry experience, working for Schindler in roles of increasing responsibility across North America.

“We are delighted to welcome Jeremy back to the elevator industry. He has a proven track record of success, building strong teams and driving transformation. His passion for the elevator industry, deep insight, strong drive for results and being a team player make him ideal to lead our operations in the Americas,” said Uday Yadav, CEO of TK Elevator.

INVESTOR RELATIONS CONTACT

Christian Schulte
Head of Investor Relations
Tel:         +49 211 5400 413 417
Email:     christian.h.schulte@tkelevator.com

Nicole Getta
Vice President Investor Relations
Tel:         +49 211 5400 413 193
Email:     nicole.getta@tkelevator.com

ABOUT US

TK Elevator

With customers in over 100 countries served by more than 50,000 employees, TK Elevator achieved sales of around €8 billion in the fiscal year 2020/2021. Over 1,000 locations around the world provide an extensive network that guarantees closeness to customers. Over the past decades, TK Elevator has established itself as one of the world’s leading elevator companies and became independent since its separation from thyssenkrupp AG in August 2020. The company’s most important business line is the service business represented by over 24,000 service technicians. The product portfolio covers commodity elevators for residential and commercial buildings to cutting-edge, highly customized solutions for state-of-the-art skyscrapers. In addition, it also consists of escalators and moving walks, passenger boarding bridges, stair and platform lifts. Integrated cloud-based service solutions, such as the MAX platform, are gaining in importance. With these digital offerings, there are no limits to urban mobility anymore. TKE – move beyond.