ASSA ABLOY Americas names new president

NEW HAVEN, Conn.—ASSA ABLOY announced this week that Lucas Boselli succeeds Thanasis Molokotos as president of the Americas division and executive vice president—head of Americas for ASSA ABLOY, effective April 2.

“Lucas is an industry veteran having 10 years of experience with a competitor prior to joining ASSA ABLOY,” Molokotos said in the announcement. “Having worked closely with him, particularly over the past four years, I could not be more pleased to hand the reins over to him.”

“I have been fortunate to work alongside Thanasis and have the benefit of his guidance,” Boselli said in a prepared statement. “We share the same strategic vision for the division and I expect to continue down this well-paved path.”

Boselli joined ASSA ABLOY in 2010 as a director of business development focusing on Latin America, and most recently served as president of the Central and South America Group for the Americas division. In 2012, he attained more responsibility as the president of Yale Latin America and developed the Yale business throughout the region with programs and product portfolio expansion relevant to growing the business with small and large customers alike.

Boselli assumed responsibility for all division businesses in Central and South America in 2014, including the five substantive acquisitions in Brazil and Chile that magnified the division's footprint and expansion strategy into the region, which grew 112 percent in the past five years.

Boselli and his family will relocate from California to Connecticut in the coming months.

Since its formation in 1994, ASSA ABLOY has grown from a regional company into an international group with about 47,500 employees, operations in more than 70 countries and sales of SEK 76 billion (approximately $9 billion USD).