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Trio Named to Lead New Mitsubishi Electric-Trane Joint Venture

Executive appointments tap Yabu to be CEO, Kuntz to be COO, and Kelso as CFO atop Mitsubishi Electric Trane HVAC US.

SUWANEE, Georgia – September 10, 2018Mitsubishi Electric Trane HVAC US LLC (METUS), a leading supplier of comfort solutions and variable refrigerant flow (VRF) cooling and heating systems, today announced the appointment of a president and chief executive officer (CEO), as well as chief operating officer (COO), and chief financial officer (CFO). 

Atsuhiro Yabu (left) has been named president and CEO. Mark Kuntz (center) has been promoted to COO, and Andrew Kelso has been named CFO.

METUS, itself, was formed in May 2018, after the firms had first announced their intent to create the joint venture in January.

Atsuhiro Yabu

In his new role as president and CEO of METUS, Yabu leads the development, promotion and execution of METUS’ business growth strategy and manages all departmental budgets.

“Yabu’s leadership background and international experience make him an ideal choice to lead the joint venture between Mitsubishi Electric and (Trane owner) Ingersoll Rand,” said Keijiro Hora, president and CEO of Mitsubishi Electric US, Inc. “He brings to the role an extensive knowledge of global engineering and manufacturing industries, and a proven track record of successful product launches designed and built for the European market. We look forward to working with him as METUS grows its VRF systems and ductless technologies business.”

Yabu has held several senior level positions at Mitsubishi Electric in Japan, including executive vice president of a MELCO subsidiary, Mitsubishi Electric Home Appliance, and deputy senior manager of the Engineering Department of the Living Environment & Digital Media Equipment Group headquarters. Yabu holds a bachelor's degree in mechanical engineering from Osaka University in Osaka, Japan.

Mark Kuntz

As COO, Kuntz reports to Yabu and oversees all METUS business units and functional areas. He provides focused strategic and operational leadership to the residential and commercial sales businesses, business planning, technical services and administrative functions. As part of the METUS executive team, he formulates long-range strategies and objectives for the brands supported by the joint venture. Additionally, Kuntz chairs the METUS Leadership Team, providing oversight of senior management leadership.

“Mark will be an incredible asset to the company in his new role as chief operating officer,” said Yabu. “He will be instrumental in coordinating the development and design of METUS products and services to support our overall business goals. Mark’s history with Mitsubishi Electric gives us confidence in his ability to help the joint venture succeed.”

Kuntz joined Mitsubishi Electric US, Inc.’s Cooling & Heating Division in 2010 and previously held positions in sales, marketing, product development, engineering and administration. Prior to the joint venture formation, he held the position of senior vice president and deputy general manager of the Cooling & Heating Division. He is a professional engineer licensed in California and a LEED® accredited professional. He holds a bachelor’s degree from California Polytechnic State University and a master’s degree from Southern Methodist University.

Andy Kelso

Kelso was previously the vice president of finance at Ingersoll Rand, and assumed the role of CFO upon the formation of METUS. As CFO, Kelso provides financial guidance to the leadership team and has primary responsibility to plan, implement, manage and control all financial-related activities within the company.

“Andy’s tenure with Ingersoll Rand brings a necessary perspective to METUS and a diversity in the background of our executive team,” said Yabu. “He has global experience and an understanding of international economics that will help guide the financial well-being of the company. We look forward to our company’s fiscal growth under his leadership.”

Kelso’s experience spans multiple positions within Ingersoll Rand, as well as a stint as finance leader at Trane. He holds a bachelor’s degree in finance from Penn State University and a master’s degree in business administration from Indiana University.

All three members of the executive team will continue to be based in Suwanee GA.

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About Mitsubishi Electric Trane HVAC US LLC

Formed in 2018, Mitsubishi Electric Trane HVAC US LLC (METUS) is a leading provider of ductless and VRF systems in the United States and Latin America. A 50 percent – 50 percent joint venture between Ingersoll Rand plc and Mitsubishi Electric US, Inc., the company provides innovative products, systems and solutions capable of cooling and heating a broad range of applications from a home to a large commercial building.

METUS is a leading marketer of Comfort Solutions and Variable Refrigerant Flow (VRF) cooling and heating technology. Systems sold by the joint venture include a wide variety of technologically advanced products designed to deliver superior efficiency, comfort and control for every home or building type.

The family of brands supported by METUS includes: Mitsubishi Electric Cooling & Heating, Trane® / Mitsubishi Electric, and American Standard® / Mitsubishi Electric.

More information is available at www.metahvac.com

Media Contacts:
Katie Sikorski
Griffin & Co./LMO
[email protected]
703/666-8447

Cori Leek
Griffin & Co./LMO
[email protected]
703/797-7109

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