Finance News

CommScope Announces Finance Function Succession Plan

CommScope Announces Finance Function Succession Plan

Kyle Lorentzen Appointed Chief Financial Officer

CommScope Holding Company, Inc., a global leader in network connectivity, announced a number of changes to its finance functions, including the appointment of Kyle Lorentzen, currently senior vice president and chief transformation officer, as executive vice president and chief financial officer, effective November 1, 2021. Mr. Lorentzen succeeds Alex Pease, who is stepping down to assume a senior executive role at another public company, which is expected to be announced later this week.

“I would like to thank Alex for his support over the past three years and wish him all the best in his future endeavors.”

Mr. Lorentzen joined CommScope in December 2020 to develop and oversee the Company’s ongoing CommScope NEXT strategy. With Mr. Lorentzen’s prior experience as a chief financial officer, as well as his transformation leadership at several portfolio companies at Apollo and Carlyle, the Company believes he is a natural fit to lead its finance functions, while continuing to accelerate the transformation of the Company through its CommScope NEXT initiatives.

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The Company also announced today that Justin Coleman, who currently serves as senior vice president, finance, will assume Mr. Lorentzen’s current role as chief transformation officer, and Brooke Clark, currently senior vice president and chief accounting officer, will take on the additional responsibility of leading the corporate financial planning and analysis function. Mr. Lorentzen will continue to oversee the transformation office, with Mr. Coleman and Ms. Clark reporting directly to him.

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“Kyle is a dynamic leader with proven financial expertise having previously served as a chief financial officer at several companies. Since joining CommScope, Kyle has played a critical role in developing our strategy and, as we continue moving into the implementation phase of CommScope NEXT, his business and financial experience, coupled with his deep knowledge of CommScope NEXT, make him uniquely qualified for this enhanced role. We’ve worked together previously, and I continue to be extremely impressed with his results and leadership and look forward to his continued guidance in this new role,” said Chuck Treadway, president and chief executive officer. “We are also fortunate to have a deep bench of talent in our finance operations, and look forward to benefiting from both Justin and Brooke’s contributions in their new roles.”

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Mr. Treadway continued, “I would like to thank Alex for his support over the past three years and wish him all the best in his future endeavors.”

Mr. Lorentzen said, “I am excited to serve as CommScope’s chief financial officer at this unique time for our company. I look forward to leading the Company’s finance functions and continuing to work closely with Chuck and the leadership team as we position CommScope for long-term success and continue ramping up our CommScope NEXT initiatives.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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