Vertiv announced that on January 1, 2023, Giordano Albertazzi was appointed to the Board of Directors. As CEO, Albertazzi will aim to increase Vertiv's relentless customer focus as it addresses the infrastructure and business needs of the data center, communication networks and industrial applications. Albertazzi assumes the CEO role at a time of continued strong demand across Vertiv's data center end markets.

Vertiv announced its CEO succession plan in October 2022 and since then Albertazzi assumed the role of Chief Operating Officer, working closely with former CEO Rob Johnson, ensuring a seamless transition. In addition to becoming CEO, Albertazzi will also continue in his position as President, Americas, until a successor is named. In connection with Albertazzi transitioning out of the COO role, operational oversight will reside with regional Presidents to further focus on regional performance.