The Board of Directors (Board) of Allegion plc has elected Lauren B. Peters as its next chair, effective September 11, 2024. Peters has served as a member of Allegion?s Board since 2021 and will succeed Kirk S. Hachigian, who is retiring from the Board at the end of his term in June 2025. Peters is former executive vice president and chief financial officer of Foot Locker Inc., where she built a track record of expanding profits and implementing innovative solutions while also leading major acquisitions, integrations and strategic investments.

With deep expertise in positioning global, publicly held companies for growth, Peters currently serves as a board member for La-Z-Boy and Victoria?s Secret, in addition to Allegion. With Peters? appointment as Board chair, she will also chair the Corporate Governance and Nominating Committee.

In addition, Allegion Board Member Susan L. Main replaces Peters as the Audit and Finance Committee chair as of September 11, 2024.