John Stone

John Stone serves as President and CEO of Allegion, a global security products company that was spun off from Ingersoll Rand in 2013. Allegion is the world leader in door hardware, locks, and access control solutions through iconic brands including Schlage (America's most recognized lock brand), CISA, Von Duprin, LCN, and Kryptonite. The company's products secure millions of commercial buildings, schools, hospitals, hotels, and residences across more than 130 countries. Stone's strategic focus is on Allegion's transformation from a traditional mechanical lock company to an electronic access and smart building solutions provider. The shift from mechanical to electronic locks and credentials (including mobile phone-based access) represents a massive long-term revenue and margin opportunity — electronic products carry higher ASPs and generate recurring software revenue. Allegion has been investing in cloud-based access management platforms, mobile credentials, and seamless building experiences. His key decisions involve the pace of electronic product development, channel management (balancing traditional locksmith and distributor channels with new integrator and SaaS distribution), M&A strategy to acquire electronic and software capabilities, pricing power in a market with strong brand loyalty, and international expansion. Allegion benefits from strong secular trends in building security spending, institutional safety requirements, and smart building adoption.