Ana Assis
Trane TechnologiesAbout Ana P. Assis
Ana P. Assis (age 50) is an independent director of Trane Technologies plc (TT), serving since 2023. She is Senior Vice President, EMEA and Growth Markets at IBM (January 2024–present), recognized for expertise in artificial intelligence and data responsibility, and leads IBM’s EMEA operations and EU engagement across 100+ countries while guiding market development in Saudi Arabia, Indonesia, Mexico, UAE, and India . At TT, she serves on the Human Resources & Compensation (HRCC), Sustainability, Corporate Governance & Nominating (SCGN), and Technology & Innovation committees; she holds no chair roles .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| IBM | Senior Vice President, EMEA and Growth Markets | Jan 2024–Present | Leads EMEA business operations; EU relationship; market development in Saudi Arabia, Indonesia, Mexico, UAE, India |
| IBM | Chair, IBM EMEA | Jan 2023–Jan 2024 | Oversight of EMEA operations and strategy |
| IBM | General Manager, EMEA | 2022–2024 | Regional leadership; revenue growth; client satisfaction; employee engagement |
| IBM | General Manager, Client Transition Leader | Oct 2020–Dec 2021 | Led client transitions, operational execution |
| IBM | General Manager, Latin America | Jul 2017–Nov 2020 | Regional P&L leadership across Latin America |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Junior Achievement Americas | Director | Former | Non-profit board service |
Board Governance
- Independence: The Board determined Ms. Assis is independent; only the CEO is non-independent .
- Committee assignments: Member—HRCC, SCGN, Technology & Innovation; chairs are Kirk E. Arnold (HRCC), April Miller Boise (SCGN), Linda P. Hudson (Technology) .
- Attendance: The Board met 5 times in 2024; all incumbent directors (including those nominated for re-election) attended ≥75% of Board and committee meetings; exception noted for Mr. Forsee’s Technology Committee attendance (<75%) .
- Executive sessions: Independent directors met privately five times in 2024; policy requires at least two per year .
- HRCC interlocks: No HRCC interlocks or insider participation; no Item 404 relationships among HRCC members .
- Lead Independent Director: Subject to re-election, John P. Surma to serve as Lead Independent Director effective AGM; Board leadership responsibilities detailed .
Fixed Compensation
| Component | 2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $142,500 | Established program effective Jan 1, 2023 |
| Committee chair fees | — | Not a chair |
| Audit Committee member retainer | — | Not an Audit Committee member |
| Lead Independent Director fees | — | Not applicable |
| Board/Committee meeting fees | — | None reported |
| Equity—RSUs (grant-date fair value) | $200,032 | Annual retainer RSUs; grant count fixed by grant-date price |
| Total 2024 director comp | $342,532 | Cash 42%, RSUs 58% |
| Unvested RSUs (12/31/2024) | 627 | Unvested director RSUs outstanding |
- Vesting terms: Directors immediately vest in any unvested RSUs upon retirement, resignation, or separation; pro-rata cash retainer paid for partial quarter .
- Director stock ownership guidelines: 5× annual cash retainer; no share sales permitted until guideline attained, and sales thereafter cannot reduce below the required level .
Performance Compensation
| Element | Structure | Performance Metrics | Vesting/Other |
|---|---|---|---|
| Director RSUs (retainer) | Time-based retainer equity | None disclosed for directors (program is fixed cash + RSUs) | Immediate vesting upon separation; grant sized by grant-date price |
Other Directorships & Interlocks
| Category | Details |
|---|---|
| Current public company boards | None |
| Prior public boards (past 5 years) | None |
| Shared directorships with TT competitors/customers | None disclosed; no related person transactions requiring Item 404 disclosure in 2024 |
| HRCC interlocks (committee-level) | None |
Expertise & Qualifications
- 25+ years global leadership in IT/solutions; recognized thought leader in AI and data responsibility .
- EMEA strategic leadership and EU policy engagement; large-scale commercial operations across diverse geographies .
- Board skills coverage includes technology/innovation and sustainability through committee roles .
Equity Ownership
| Ownership Category | Amount |
|---|---|
| Beneficial ownership—ordinary shares | 627 |
| Notional shares—deferred (DDCP/EDCP) | — |
| Options exercisable within 60 days | — |
| Unvested RSUs (director retainer) | 627 |
| Ownership as % of outstanding shares | <1% for any director/officer |
| Pledged/hedged shares | Prohibited by policy (no pledging, hedging, margin accounts) |
| Director stock ownership guidelines | 5× cash retainer; no sales until attained; maintain minimum thereafter |
Governance Assessment
- Strengths: Independent status; multi-committee engagement (HRCC, SCGN, Technology) supporting compensation oversight, sustainability governance, and tech/cyber agenda . Strong attendance with ≥75% thresholds met; robust independent director executive-session cadence (5 in 2024) enhances oversight quality . No related person transactions; anti-hedging/pledging policy reduces alignment risk; stringent director ownership guidelines .
- Potential watch items: Beneficial holdings disclosed are modest (627 shares) relative to the 5× cash retainer ownership guideline; TT policy prohibits sales until guidelines are achieved, which supports gradual alignment—monitor progression over tenure .
- Overall signal: Governance structures (committee independence, attendance discipline, ownership rules, and conflict controls) support investor confidence; no disclosed conflicts or compensation anomalies related to Ms. Assis .