Munters appoints Frank Pellegrino as Group Vice President and President of business area Data Center Technologies (DCT), and member of Munters Group Executive Management, effective October 24, 2026. He succeeds Stefan Aspman, who on the same date will assume the position as President and CEO of Munters Group, as previously announced.
Frank Pellegrino has been with Munters for more than 13 years and has played a central role in building the data center business since its inception in 2016. He has been part of the DCT management team since the business area was introduced in 2022 and has held several senior leadership positions, including VP Finance & Strategy and most recently Global Head of Sales & Strategy. Frank has been instrumental in scaling DCT into a global business - expanding its geographic footprint, strengthening its offering, and driving a customer-centric approach with strong deployment discipline in portfolio and commercial execution. Over the past four years, DCT has delivered a remarkable step-change in performance across revenue growth, delivery capability, profitability, and capital efficiency, built on clear strategic priorities and close customer proximity.
"It is with the highest of confidence I hand over the privilege to lead this team to Frank," says Stefan Aspman, currently President of Munters Data Center Technologies. "Frank has been a key driver behind the successful transformation of DCT. His deep understanding of the business, combined with his role in executing our strategy during a period of rapid growth, ensures continuity as we enter the next phase. DCT is evolving from a niche player to a global leader in data center cooling, and Frank is uniquely positioned to lead that journey. His broad experience across finance, commercial and operations is particularly valuable in a lean, hands-on organization like DCT, where that versatility is applied directly in the daily business. He combines deep, long-standing Munters experience with a strong understanding of our journey and what it takes to succeed in an increasingly competitive market".
Frank Pellegrino, born in 1980, is an American citizen. He holds a Master of Science from Bryant University, with a focus on business and finance. Frank has worked closely with Stefan Aspman for the past four years, ensuring strong continuity in both leadership and strategic direction as the business continues to scale. In addition to his operational responsibilities, Frank serves on several boards across Munters international operations, spanning Europe, Asia, North and South America.
For more information:
Investors and analysts
Line Dovärn, Head of Investor Relations
E-mail: line.dovarn@munters.com, Phone: +46 (0)730 488 444
Media
Daniel Frykholm, VP External Relations & Internal Communications
E-mail: daniel.frykholm@munters.com, Phone: +46 (0)702 067 786