Eaton Elects Moran Senior Vice President And Secretary; Franklin Retires After 36 Years With Eaton
01 Ottobre 2008 - 2:43PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced that Thomas Moran has been elected senior vice
president and secretary. Moran succeeds Earl R. Franklin, who
retired as senior vice president and secretary on September 30,
after almost 36 years with Eaton. Moran joins Eaton from The Dow
Chemical Company, where he has served since 2002 as senior managing
counsel and assistant corporate secretary. He joined Dow, which has
$50 billion in annual sales and 50,000 employees, in 1989, serving
in a variety of regional and corporate counselor roles. �Tom�s
background and unique qualifications make him a valuable addition
to the Eaton team,� said Mark M. McGuire, executive vice president
and general counsel. �We are pleased to bring on board an attorney
and corporate secretary with Tom�s depth and breadth of
experience.� Having received a bachelor�s degree in psychology and
English from Colgate University, Moran earned a juris doctorate
from the University of Illinois College of Law. In addition to
being a member of various bar associations and professional
societies, Moran is also trustee, secretary and legal counsel to
the Community Foundation of Mid-Michigan and a director of Michigan
Attorneys for Animals. Moran will assume Franklin�s
responsibilities, which include overseeing Eaton�s governance
initiatives and maintaining the company�s liaison with the
exchanges on which Eaton�s shares are listed. In addition, Moran
will manage the Corporate and Securities function of the Law
Department, along with the Office of the Secretary. �Earl Franklin
is to be congratulated on an exemplary career as a highly valued
member of the Eaton team for so many years. His personal role in
building Eaton�s reputation as a solid corporate citizen will
contribute significantly to the company�s success long after Earl
leaves us to enjoy his well-deserved retirement,� said McGuire.
Eaton Corporation is a diversified power management company with
2007 sales of $13 billion. Eaton is a global technology leader in
electrical systems for power quality, distribution and control;
hydraulics components, systems and services for industrial and
mobile equipment; aerospace fuel, hydraulics and pneumatic systems
for commercial and military use; and truck and automotive
drivetrain and powertrain systems for performance, fuel economy and
safety. Eaton has 81,000 employees and sells products to customers
in more than 150 countries. For more information, visit
www.eaton.com.
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