Eaton reorganizes into electrical and industrial sectors
January 28, 2009
Eaton Corp. announced its businesses are being reorganized into two sectors—Electrical and Industrial—with a vice-chair and CEO for each, effective February 1.
Eaton
chair and CEO, Alexander M. Cutler, says Thomas S. Gross has been named
vice-chair and CEO of the Electrical Sector. Gross succeeds Electrical
Group CEO, Randy W. Carson, who is retiring at the end of April. Craig
Arnold has been named vice-chair and CEO of the Industrial Sector,
which includes Eaton’s aerospace, automotive, hydraulics and truck
businesses.
Additionally, Cutler announced that Richard H. Fearon has been named vice-chair and chief financial/planning officer for Eaton.
“As the company grows, we need to develop our organizational structure to help accelerate growth, identify synergies, drive common practices and build broad, global capability,” Cutler said, adding, “Much of the growth in our electrical business, which propels our move in this direction, is due to the contributions of Randy Carson. Over the past nine years, Randy has taken our electrical business from a North American business of $2.2 billion to a major global enterprise of $7 billion... Eaton will also benefit from his close relationships with key customers well into the future. We all wish him the very best in his retirement.”
The Electrical sector will be organized by geographic region. Handling North America is Jerry R. Whitaker, president–Electrical Americas Region.
Additionally, Cutler announced that Richard H. Fearon has been named vice-chair and chief financial/planning officer for Eaton.
“As the company grows, we need to develop our organizational structure to help accelerate growth, identify synergies, drive common practices and build broad, global capability,” Cutler said, adding, “Much of the growth in our electrical business, which propels our move in this direction, is due to the contributions of Randy Carson. Over the past nine years, Randy has taken our electrical business from a North American business of $2.2 billion to a major global enterprise of $7 billion... Eaton will also benefit from his close relationships with key customers well into the future. We all wish him the very best in his retirement.”
The Electrical sector will be organized by geographic region. Handling North America is Jerry R. Whitaker, president–Electrical Americas Region.
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