Market Overview

Allegion Appoints Dean I. Schaffer to Board of Directors


Allegion (NYSE: ALLE), a leading global provider of security products and solutions, today announced that Dean I. Schaffer, former partner of Ernst & Young LLP, was appointed to the company's Board of Directors.

“We are pleased to welcome Dean to the Board and look forward to benefiting from his experience and insights as we continue to implement the Company's strategic objectives,” said Dave Petratis, chairman and CEO of Allegion. “He brings valuable expertise to the Board of Directors in financial reporting and governance, and will play a role in the development of our tax and growth strategies.”

Mr. Schaffer spent the last 39 years of his career with Ernst & Young LLP, an international public accounting firm. During his time there, he served on Ernst & Young's Americas Executive Board, as the co-lead of the Americas Office of the Chairman Global Accounts Network, and senior partner in the New York office where he worked with many of the firm's largest clients.

About Allegion

Allegion (NYSE: ALLE) creates peace of mind by pioneering safety and security. As a $2 billion provider of security solutions for homes and businesses, Allegion employs more than 7,800 people and sells products in more than 120 countries across the world. Allegion comprises 23 global brands, including strategic brands CISA®, Interflex®, LCN®, Schlage® and Von Duprin®.

Posted-In: News Management


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