Ross b. shuster to join as ceo of standalone climate technologies business following the close of the acquisition by blackstone from emerson

New york--(business wire)--blackstone (nyse: bx) today announced that, upon close of the previously announced transaction through which private equity funds managed by blackstone (“blackstone”) will acquire a majority stake in emerson's (nyse: emr) climate technologies business, ross b. shuster will become chief executive officer of the new standalone business. the appointment follows an extensive global search process, including external and internal candidates. the close of the transaction re.
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