Jennifer L. Sherman
Chairperson of the Board
Principal Occupation: Chief Executive Officer of Federal Signal Corporation, makers of safety, signaling and communications equipment, environmental vehicles and machinery components.
Formerly: Chief Operating Officer of Federal Signal from 2014 to 2015; Chief Administrative Officer of Federal Signal from 2010 to 2014 and General Counsel of Federal Signal from 2004 to 2010.
Relevant Experience: Ms. Sherman received her bachelor's degree in business administration and her Juris Doctor from the University of Michigan. She is also a fellow of the Kellogg School of Management at Northwestern University. Ms. Sherman's background has provided her with a broad range of experiences that will complement the Board. Specifically, Ms. Sherman’s experience includes, but is not limited to, compliance, human resources, legal issues, governance and business operations. Consequently, Ms. Sherman has the background and capability to serve as an important member to the Management Organization and Compensation Committee.
Joe Ruzynski
Chief Executive Officer of the Company
Principal Occupation: Chief Executive Officer of the Company since July 2024
Formerly: President of Enclosures Segment of nVent Electric plc, a global leader in electrical connection and protection solutions from 2018 to 2024; prior thereto, he held various leadership roles at Pentair plc, a global water technology company.
Relevant Experience: Mr. Ruzynski received his Bachelor’s degree in math and computer science from Saint John’s University and an MBA from the University of Minnesota. Mr. Ruzynski has substantial experience in the industrial and electrical sectors, with a track record of driving growth and innovation.
Mark A. Carano
Director of the Company
Principal Occupation: Chief Financial Officer and Treasurer of SPX Technologies since 2023.
Formerly: Mr. Carano joined SPX from Insteel Industries, Inc., a publicly-traded manufacturer of steel wire reinforcing products for concrete construction applications, where he served as Senior Vice President, Chief Financial Officer and Treasurer. Before joining Insteel, he served as Chief Financial Officer of Big River Steel LLC, a private equity-owned manufacturer of steel products, from 2019 until its sale to U.S. Steel in 2020. Prior to Big River Steel, Mark served in senior management roles with Babcock & Wilcox, a publicly-held manufacturer of industrial technology, from 2013 to 2018, including Senior Vice President, Finance and Controller of their Industrial Segment and Senior Vice President, Corporate Development and Treasurer. Mr. Carano also spent 14 years in investment banking, serving in roles of increasing seniority at First Union Securities, Deutsche Bank, Merrill Lynch, and BofA Merrill Lynch.
Relevant Experience: Mr. Carano earned a Bachelor of Arts degree from Vanderbilt University and a Master of Business Administration from Northwestern University’s Kellogg Business School.
Vic Grizzle
Director of the Company
Principal Occupation: President and Chief Executive Officer of Armstrong World Industries, Inc., a leading designer and manufacturer of commercial and residential ceiling, wall and suspension system solutions, since 2016.
Formerly: Executive Vice President and Chief Executive Officer of Armstrong Building Products from 2011 to 2016; prior thereto, Group President of Global Structures, Coatings and Tubing for Valmont Industries, a global leader of infrastructure and manufacturer of mechanized irrigation equipment for large scale farming. And prior to Valmont Industries, held several General Management positions over 16 years with the General Electric Company.
Relevant Experience: Mr. Grizzle received his Bachelor of Science in Mechanical Engineering from California Polytechnic University. He brings to the Board his experience as CEO of Armstrong, in addition to extensive senior leadership experience in the areas of international business, acquisitions, process improvement, sales and marketing for large, publicly traded manufacturing companies.
Alok Maskara
Director of the Company
Principal Occupation: Chief Executive Officer of Lennox International Inc. since May 2022.
Formerly: Chief Executive Officer of Luxfer Holdings PLC, an international industry company focused on advanced materials. Prior thereto, business segment President at Pentair PLC, a water solutions company, for eight years where he led businesses of progressively larger sizes. Prior to Pentair, Mr. Maskara was employed by General Electric Corporation where he gained significant experience in Lean Manufacturing. Mr. Maskara also worked at McKinsey & Company in both their Chicago and Amsterdam offices where he advised businesses on industrial turnarounds and driving growth through customer insights and segmentation.
Relevant Experience: Mr. Maskara holds a M.B.A. from the J.L. Kellogg Graduate School of Management at Northwestern University, an M.S. in Chemical Engineering from the University of New Mexico, and a Bachelor of Technology degree in Chemical Engineering from the Indian Institute of Technology, Mumbai. He has nearly thirty years of leadership experience in multiple manufacturing and technology industries, including advanced materials, water and flow technologies, and electrical protection.
Renee J. Peterson
Director of the Company
Principal Occupation: Retired in 2023.
Formerly: Vice President, Treasurer and Chief Financial Officer of The Toro Company from 2011 to 2023; prior thereto Vice President, Finance and Planning of Eaton Corporation from 2008 to 2011; prior thereto, Vice President and Division Chief Financial Officer of the Aerospace and Defense Segment of Honeywell International Inc. Peterson held a variety of positions of increasing responsibility throughout her Honeywell career from 1983 to 2008.
Relevant Experience: Ms. Peterson received her bachelor's degree in accounting from Saint Cloud State University and her MBA from the University of Minnesota. Ms. Peterson brings financial and operational experience at two large manufacturers that provides the Board with specific expertise and assists in its deliberations. At Toro, Ms. Peterson also provides leadership oversight of the Information Systems function. Her background enables her to serve as an "audit committee financial expert."
Gregg C. Sengstack
Director of the Company
Principal Occupation: Retired in 2025
Formerly: Chairperson of the Board and Chief Executive Officer of the Company from 2014 to July 2024; prior thereto, President and Chief Operating Officer of the Company from 2011-2014; prior thereto, Senior Vice President and President, International Water and Fueling Systems Group from 2007-2011; prior thereto, Senior Vice President, International Water and Fueling Systems from 2005 to 2007 and Senior Vice President, Chief Financial Officer and Secretary of the Company from 1999-2005.
Directorships – Public Companies: Woodward, Inc.
Relevant Experience: Mr. Sengstack received his bachelor's degree in math and economics from Bucknell University and his MBA from the University of Chicago. Mr. Sengstack joined the Company in 1988 and has significant experience holding various positions in the Company, which provides the Board with a unique depth of understanding of the Company's markets and businesses that is beneficial to the Board in its deliberations. Mr. Sengstack's long tenure with the Company also helps give the Board a historical perspective of the Company.
Chris Villavarayan
Director of the Company
Principal Occupation: Chief Executive Officer and President, Axalta Coating Systems, Ltd.
Formerly: Former Chief Executive Officer and President of Meritor, Inc., a leading global supplier of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets.
Relevant Experience: Mr. Villavarayan holds a bachelor’s degree in engineering from McMaster University in Hamilton, Ontario. Mr. Villavarayan has over twenty years of significant global manufacturing operations experience, providing the Board with specific expertise in the areas of engineering, product development, manufacturing, plant management and operations.