Lockmaker's Veteran GC Takes Old Job Back After Successor Lasts Just 3 Months
Allegion declined to explain why Jeff Braun was back as legal chief or why Stacy Cozad was no longer with the company.
November 12, 2024 at 03:41 PM
2 minute read
In House MovesJeff Braun is setting aside his retirement plans to reclaim his old post as Allegion’s top legal executive, stepping in to replace Stacy Cozad, who exited the role after just three months with the company.
Allegion, one of the world's largest lockmakers, announced the surprising developments on Tuesday. It declined to provide a statement explaining why Braun was back or Cozad was gone. Braun and Cozad did not respond to Law.com's requests for comment.
The company, which is based in Ireland for tax purposes but locates most of its senior executives in suburban Indianapolis, had said in July that Braun, 64, would turn over the GC post to Cozad on Aug. 5 and after helping with the transition would officially retire on Dec. 31, wrapping up his 38-year legal career. He'd earlier spent more than two decades at General Motors, stationed for a time in Australia, China, India, Poland and Switzerland.
Cozad joined Allegion from the South Carolina-based chemical manufacturer Ingevity, where she'd been general counsel for three years. Before that, she was general counsel of Spirit AeroSystems for five years and associate general counsel of Southwest Airlines for nine years.
The shake-up comes as Allegion, whose lock brands include Schlage and Von Duprin, is performing well. In the first nine months of the year, revenue rose 3%, to $2.8 billion, and profits rose 8%, to $453 million.
Allegion has about 12,400 workers and has a stock market value of $12.4 billion.
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Related Stories
View AllYou Might Like
View AllAfter Mysterious Parting With Last GC, Photronics Fills Vacancy
Porsche's Venture Capital Arm Adds General Counsel From Clifford Chance
High-Flying Genetics Testing Firm GeneDx Hires Ex-Zoetis GC as Legal Chief
2 minute readFrom Tires to Tracks: Goodyear Chief Risk Officer Joins Union Pacific as Legal Chief
Trending Stories
- 1Gibson Dunn Sued By Crypto Client After Lateral Hire Causes Conflict of Interest
- 2Trump's Solicitor General Expected to 'Flip' Prelogar's Positions at Supreme Court
- 3Pharmacy Lawyers See Promise in NY Regulator's Curbs on PBM Industry
- 4Outgoing USPTO Director Kathi Vidal: ‘We All Want the Country to Be in a Better Place’
- 5Supreme Court Will Review Constitutionality Of FCC's Universal Service Fund
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250