Vertiv names Scott Armul as chief product and technology officer

COLUMBUS, Ohio - Vertiv (NYSE:VRT), a provider of critical digital infrastructure with a market capitalization of nearly $63 billion, announced Monday that Chief Technology Officer Stephen Liang will retire on January 1, 2026, after 30 years with the company. Scott Armul will assume an expanded role as chief product and technology officer. According to InvestingPro data, Vertiv has demonstrated remarkable growth, with its stock trading near its 52-week high of $169.

Liang has been instrumental in shaping Vertiv’s technological vision since his earlier roles at Emerson and throughout the company’s evolution. Earlier this year, he transitioned to focus exclusively on CTO responsibilities.

"Stephen’s contributions to Vertiv have been far-reaching throughout his tenure, and he has played an essential role in defining and driving our technology strategy and innovation agenda," said Gio Albertazzi, Vertiv CEO, in a press release statement.

Armul, who was promoted to executive vice president, global portfolio and business units in January 2025, will take on the expanded role at the beginning of 2026. He joined Vertiv in 2009 and has held various technical, leadership, and customer-oriented positions within the company.

In his new position, Armul will oversee the Technology Office while continuing to lead engineering research and development and the business units comprising Vertiv’s portfolio of solutions.

The company stated that this strategic realignment aims to strengthen the connection between technology development and business strategy to better serve evolving customer needs.

Vertiv provides power, cooling and IT infrastructure solutions and services for data centers, communication networks, and commercial and industrial facilities.

In other recent news, Vertiv Holdings Co has made significant strides with the completion of its $200 million acquisition of Great Lakes Data Racks & Cabinets. This move expands Vertiv’s offerings in rack, cabinet, and integration solutions for data centers. Additionally, Vertiv announced the acquisition of Waylay NV, a Belgium-based AI software firm, enhancing its AI-driven monitoring and control technologies. In financial developments, Vertiv declared a quarterly cash dividend of $0.0375 per share, payable on September 25, 2025, to shareholders of record as of September 15, 2025.

In terms of analyst perspectives, UBS maintained a Buy rating with a $173.00 price target for Vertiv, indicating confidence despite concerns about Microsoft’s new cooling system. Meanwhile, Rothschild Redburn initiated coverage on Vertiv with a Neutral rating and a $135.00 price target, highlighting the company’s strong market position. These developments reflect Vertiv’s strategic initiatives and analyst evaluations amidst the evolving market landscape.

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