Grundfos Pumps Corp.’s current regional managing director will leave the HVAC market company later this year, officials said.

Duncan Cooper, whom also acts as senior vice president for the Americas, will exit the company this summer.

He has done an excellent job in stabilizing and improving the company’s performance, officials said.

“The financial turnaround has been exceptional, and our employees are to be applauded for what they do day in and day out for our customers,” Cooper said. “Grundfos has been a fantastic place to work, and whatever course the business takes now, it is set for an exciting period of high performance.”

A successor has not been picked.