Eaton Names Jeff Moelich Vice President - Internal Audit
10 Agosto 2007 - 3:03PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced that Jeff Moelich has been named vice president �
internal audit, effective immediately. In this newly created
position, Moelich will serve as an appointed officer reporting to
Richard H. Fearon, executive vice president � chief financial and
planning officer, and to the Audit Committee of Eaton�s Board of
Directors. Moelich has responsibility for directing the company's
worldwide auditing operations, which includes evaluating and
recommending improvements to Eaton's risk management systems. �The
internal audit function is a fundamental part of our governance
activities,� said Fearon. �Jeff has proven himself an able leader
in this critical area, committed to ensuring that Eaton�s internal
controls remain strong as we continue to grow rapidly both
organically and through acquisitions.� Prior to this promotion,
Moelich was Eaton�s director � internal audit. He has more than 20
years of financial and audit experience, having served as director
of audit services for General Motors, senior manager of enterprise
risk services for Deloitte & Touche, and director of audit
services for PricewaterhouseCoopers. In addition, Moelich has held
various roles at Budd Co., PPG and United Technologies. Moelich
earned a bachelor's degree in accounting from the University of
Detroit and a master's in business administration from the
University of Michigan. He is a Certified Public Accountant and
Certified Internal Auditor. Eaton Corporation is a diversified
industrial manufacturer with 2006 sales of $12.4 billion. Eaton is
a global leader in electrical systems and components for power
quality, distribution and control; fluid power systems and services
for industrial, mobile and aircraft equipment; intelligent truck
drivetrain systems for safety and fuel economy; and automotive
engine air management systems, powertrain solutions and specialty
controls for performance, fuel economy and safety. Eaton has 62,000
employees and sells products to customers in more than 125
countries. For more information, visit www.eaton.com.
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