October 13,2025
Vertiv Holdings Co has named David Fallon as its new Chief Financial Officer, a strategic appointment aimed at strengthening the company's financial leadership as it capitalizes on the accelerating global demand for data center infrastructure and artificial intelligence technologies. Fallon, who brings over two decades of financial management experience, is set to assume his new role on November 4, 2024, stepping into the position currently held on an interim basis by Executive Vice President Gary Niederpruem. The leadership transition was formally announced by the Columbus, Ohio-based company this week.
Fallon joins Vertiv from Honeywell International's Performance Materials and Technologies division, where he most recently served as CFO, providing him with extensive expertise in managing finances for a large, global industrial technology segment. His professional background also includes a significant tenure at industrial gases leader Linde plc, where he held various financial leadership positions. This deep industry experience positions him to immediately contribute to Vertiv's complex financial operations and long-term strategic planning.
The appointment comes at a pivotal moment for Vertiv, which designs, manufactures, and services critical digital infrastructure for data centers, communication networks, and commercial and industrial environments. The company is currently navigating a period of unprecedented growth, fueled largely by the massive computational demands of artificial intelligence. This industry-wide expansion has created a surge in demand for the power-dense cooling solutions and power management systems that Vertiv specializes in, presenting both significant opportunities and operational challenges.
Gary Niederpruem, who has been serving as interim CFO, will continue in his executive vice president role, ensuring a smooth leadership transition. The company's board and executive team expressed strong confidence that Fallon's proven track record in financial stewardship and his background in the industrial technology sector make him the ideal candidate to oversee Vertiv's financial strategy. His leadership is expected to be instrumental in managing the company's capital allocation, supporting its ongoing global expansion initiatives, and maintaining its competitive edge in a rapidly evolving and capital-intensive market.
SOURCE Benzinga.com
