Allegion appoints former Foot Locker exec to board of directors
Allegion has appointed Lauren Peters, former executive vice-president and chief financial officer (CFO) of Foot Locker, Inc., to the company’s board of directors.
Through April 2021, Peters held a nearly 25-year career with Foot Locker. Peters is a current board member of La-Z-Boy and will be joining the board of Victoria’s Secret once it becomes a standalone, publicly traded company, according to a company statement.
“Lauren brings a unique and valued set of both personal and professional experiences to Allegion,” said David D. Petratis, chairman, president and CEO of Allegion, in a company press release. “During her time at Foot Locker, Lauren served as one of only 64 women CFOs at Fortune 500 companies. She built a track record of expanding profits and implementing innovative solutions and technologies to enhance and streamline processes. She’s led major acquisitions and integrations during her career as well as a number of strategic investments. Overall, her work at global, publicly held companies aligns to Allegion’s strategic pillars for growth, and we look forward to the insights we’ll gain through her leadership on our board of directors.”
Allegion says it now has a nine-member board of directors, and eight of those members are independent. Peters will be a member of Allegion’s Audit and Finance Committee, Compensation Committee and Corporate Governance and Nominating Committee.