Thursday, April 16, 2026

Modine taps president for newly created data centers division

From JSOnline:

Francesca Pica
Milwaukee Journal Sentinel

Modine Manufacturing has appointed a leader for its newly created data centers division, as the company pursues the rapidly growing data center cooling business.

The Racine-based manufacturer of heating and cooling systems announced that Art Laszlo will serve as president of the newly created data centers segment effective April 1. Laszlo has held multiple leadership positions since joining Modine in 2022, most recently group vice president of global data centers.

He previously served in leadership roles at IDEX, General Electric, Mars Incorporated and General Motors.

"I am thrilled to announce Art's promotion to this critical leadership role," Modine President and CEO Neil Brinker said in a statement on April 14. "Art's proven leadership and deep focus on providing critical cooling solutions make him the ideal choice to lead this new segment."

The move comes as Modine is pivoting hard to the data center market. In 2025, the company announced more than $100 million in capacity expansion to support data center growth. Part of that investment included a new cooling system manufacturing plant in Franklin, Wisconsin.

Between fiscal year 2021 and 2025, data centers grew from 4% to 25% of the company's annual net sales, according to annual filings with the U.S. Securities and Exchange Commission.

Data center cooling services brought in more than $640 million in revenue in fiscal year 2025, according to public filings.

Modine says Laszlo and his new division will strengthen the company's position "as a leading provider of innovative cooling solutions to the world's leading data center operators."

"The creation of the global Data Centers segment is a testament to the significant growth and opportunities we see in this market, and I am confident that under Art's guidance, we will continue to deliver exceptional value to our customers," Brinker said.

Modine also announced it will spin off its Performance Technologies segment and combine it with thermal technologies company Gentherm Incorporated. The division produces air- and liquid-cooled systems for use in vehicles and other industrial applications.

The division has posted weaker performances compared to the Climate Solutions segment, which until now included data center cooling. Net sales were down 12% in fiscal year 2025, according to public filings, while Climate Solutions jumped 30%.

The shift will allow Modine to focus more intensely on data centers and other high-growth markets, the company says.

During a Feb. 5 earnings call, Brinker said he expects annual data center revenue will grow 50-70% over the next two years, "comfortably exceeding" Modine's 2028 target of $2 billion.

Francesca Pica can be reached at fpica@usatodayco.com.

From: https://www.jsonline.com/story/money/business/2026/04/16/modine-taps-president-for-newly-created-data-centers-division/89624760007/

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