Vertiv names Wei Shen as president of Greater China

COLUMBUS, Ohio - Critical digital infrastructure provider Vertiv (NYSE:VRT), which has delivered an impressive 51% return over the past year and maintains a market capitalization of nearly $49 billion, announced the appointment of Wei Shen as president of Greater China, effective Tuesday, July 22, 2025. According to InvestingPro analysis, the company currently appears to be trading above its Fair Value.

Shen joins Vertiv from Gates Corporation, where he served as vice president and general manager for Greater China for nine years. Previously, he held leadership positions at Eaton Electrical, including vice president roles in distributed power quality for APAC and sales operations. The appointment comes as Vertiv demonstrates strong business momentum, with revenue growing over 20% in the last twelve months to $8.4 billion.

The new executive holds advanced degrees from prestigious institutions, including a Master of Science in Engineering Management from Massachusetts Institute of Technology, a Master of Science in Industrial and Systems Engineering from the University of Michigan, and a Bachelor of Science in Automatic Control Engineering from Beihang University.

Shen will relocate to the greater Shenzhen area and succeeds Edward Cui, who is departing after serving as president of Greater China since 2022.

"Wei Shen has demonstrated exceptional ability to drive business transformation through comprehensive growth strategies, enhanced manufacturing efficiencies, and developing high-performing teams," said Gio Albertazzi, CEO at Vertiv, according to the company’s press release.

Vertiv provides technologies, solutions, and services for data centers, communication networks, and commercial and industrial facilities, with offerings that include power, cooling and IT infrastructure solutions.

The company, headquartered in Westerville, Ohio, operates in more than 130 countries worldwide.

In other recent news, Vertiv Holdings Co. has announced a significant acquisition, agreeing to purchase Great Lakes Data Racks & Cabinets for $200 million. This strategic move aims to bolster Vertiv’s offerings in critical digital infrastructure, specifically enhancing its capacity for pre-engineered, AI-ready rack solutions. The acquisition is expected to close in the third quarter of 2025, pending regulatory approvals. Wolfe Research has reiterated an Outperform rating on Vertiv, maintaining a $155 price target, viewing the acquisition as a strategic allocation of Vertiv’s substantial capital resources. Additionally, Oppenheimer analyst Noah Kaye raised Vertiv’s price target to $140, citing the acquisition’s alignment with Vertiv’s focus on AI infrastructure solutions. Meanwhile, BofA Securities increased its price target to $150, highlighting Vertiv’s strong performance and projecting a 21% year-over-year organic revenue growth. Despite concerns over AWS’s adoption of proprietary designs, Wolfe Research remains bullish, emphasizing that such developments are routine and could positively impact Vertiv by confirming increased demand for liquid cooling solutions. These recent developments underscore Vertiv’s strategic efforts to strengthen its market position in high-density computing solutions.

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