UL Solutions announces leadership changes to its executive team

NORTHBROOK, Ill. - UL Solutions Inc. (NYSE:ULS) announced key changes to its Executive Leadership Team effective September 1, as the applied safety science company positions itself for continued growth following its first year as a publicly traded company. The company, now valued at $14.1 billion, has shown impressive growth with its stock up over 41% year-to-date, according to InvestingPro data.

Alex Dadakis, currently Chief Business Operations and Innovation Officer, will become President of Testing, Inspection and Certification (TIC), replacing Weifang Zhou. Gitte Schjøtz, who currently serves as Chief Operations and Sustainability Officer, will take over Dadakis’ role. Zhou will transition to a newly created position as Special Advisor to the CEO.

All three executives will report directly to President and CEO Jennifer Scanlon, alongside other Executive Leadership Team members including Chief Financial Officer Ryan Robinson, Chief Human Resources Officer Linda Chapin, Chief Legal Officer Scott D’Angelo, and President of Software & Advisory John Genovesi.

"Our mission of working for a safer, more secure and more sustainable world has never been more relevant as the market continues to evolve rapidly and technological change proliferates across the 35 industries we serve," Scanlon said in the press release statement.

The leadership changes aim to increase the company’s speed and agility in meeting customer needs, according to the announcement.

UL Solutions provides testing, inspection and certification services, along with software products and advisory offerings to customers in more than 110 countries. The company helps organizations navigate global markets, complex supply chains, and supports sustainable growth initiatives. Financial data from InvestingPro shows the company maintains impressive gross profit margins of 48.5% and generated nearly $3 billion in revenue over the last twelve months, with a healthy 6.9% growth rate.

UL Solutions completed its initial public offering last year and trades on the New York Stock Exchange under the ticker symbol ULS. Currently trading at premium multiples according to InvestingPro analysis, which indicates the stock is trading above its Fair Value. Investors can access detailed valuation metrics and 12 additional ProTips about ULS through InvestingPro’s comprehensive research reports, available for over 1,400 US stocks.

In other recent news, UL Solutions reported its second-quarter 2025 earnings, with adjusted earnings per share of $0.52, exceeding the forecasted $0.46 by 13.04%. The company also achieved a revenue of $776 million, marking a 6.3% increase compared to the previous year. Despite these positive earnings results, the company’s stock experienced a decline, attributed to broader market concerns and potential risks discussed during the earnings call. JPMorgan has raised its price target for UL Solutions to $70 from $64, maintaining an Overweight rating, even though the company’s organic, constant currency revenue growth of 5.5% fell short of their 6.2% projection. Stifel reiterated its Buy rating with a price target of $77, viewing the recent stock pullback as a buying opportunity. The firm suggested that market reactions might be due to investor expectations for immediate tariff benefits, which were not realized due to client responses in April and May. These developments provide investors with crucial insights into UL Solutions’ financial health and market position.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.