Vertiv Appoints New Global CIO, Raises FY Sales Growth Guidance to 18%

Vertiv (VRT) appoints Mike Giresi as new global CIO, effective June 30. Giresi brings over 30 years of IT experience from Molex, Aramark, Royal Caribbean Cruises, and others. Analysts forecast an average target price of $115.06, implying a 5.34% upside. The company reported a strong Q1 with EPS up 49%, organic net sales up 25%, and adjusted free cash flow up 162%.

Vertiv Holdings Co (NYSE: VRT) has appointed Mike Giresi as its new global Chief Information Officer (CIO), effective June 30, 2025. Giresi brings over three decades of IT experience, having previously held senior roles at Molex, Aramark, and Royal Caribbean Cruises, among others.

The appointment of Giresi comes amidst strong financial performance for Vertiv. The company reported a robust Q1 2025, with earnings per share (EPS) up by 49%, organic net sales increasing by 25%, and adjusted free cash flow surging by 162%. Analysts have forecasted an average target price of $115.06 for Vertiv, implying a 5.34% upside from its current stock price of $67.72.

Giresi's extensive background in IT and his experience in leading global IT operations are expected to enhance Vertiv's digital infrastructure and continuity solutions. His appointment is part of Vertiv's ongoing strategy to leverage technology and innovation to drive growth and improve operational efficiency.

Investors should keep an eye on Vertiv's earnings call scheduled for April 23, 2025, where the company is expected to provide an update on its Q1 performance and guidance for the remainder of the year.

References:
[1] https://www.investing.com/equities/gs-acquisition-a
[2] https://www.investing.com/equities/vertiv-holdings-co-company-profile