Kenneth F. Davis Named President – Vehicle Group; Joseph P. Palchak to Retire in June, 2011
06 Dicembre 2010 - 3:03PM
Business Wire
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced that Kenneth F. Davis has been named president –
Vehicle Group, effective January 1, 2011, succeeding Joseph P.
Palchak who has announced his decision to retire at the end of
June, 2011. Palchak will continue to report to Craig Arnold, vice
chairman and chief operating officer – Industrial Sector, and will
be assisting with the transition in addition to some specific
projects until his retirement.
In his new role, Davis will report to Craig Arnold and will be
responsible for the company’s automotive and truck businesses.
Davis’ current role as president – Americas for Eaton’s Vehicle
Group will not be filled.
“Ken’s deep knowledge of the vehicle segment combined with his
global business experience and strong leadership skills will be
instrumental as we continue to grow in critical markets around the
world,” said Craig Arnold, vice chairman and chief operating
officer – Industrial Sector. “We are pleased he will be assuming
this leadership role.”
Since joining Eaton in 1986, Davis has held management positions
of increasing responsibility including president – Americas for
Eaton’s Vehicle Group, president of the company’s Light- and
Medium-Duty Transmission business and vice president and general
manager for Eaton’s Clutch business.
Davis earned a bachelor’s degree in management from Purdue
University in Indiana and a master’s degree in business
administration from the University of Michigan. He will continue to
be located in Galesburg, Michigan.
Joe Palchak will continue to report to Craig Arnold and assist
with the transition process until June, 2011.
Arnold continued, “During the past three years, Eaton’s
automotive and truck businesses have come together under Joe’s
leadership. He has created a streamlined regional organization that
adapts quickly to the evolving business environment and responds
efficiently to customer needs. I want to thank him for continuously
embodying Eaton’s values and for his steadfast leadership of our
Vehicle Group during the recent volatility of the past several
years.”
Palchak joined Eaton in 1973 as a trainee with the Forge
Division. Since then he’s served in a variety of leadership
positions including president – Vehicle Group, president –
Automotive Group, president - Engine Air Management Business and
president – Powertrain and Specialty Controls Operations.
He holds a bachelor’s degree in business from Susquehanna
University in Pennsylvania and a master’s degree in business
administration from the University of Louisville in Kentucky.
Eaton Corporation is a diversified power management company with
2009 sales of $11.9 billion. Eaton is a global technology leader in
electrical components and 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 approximately 70,000 employees and
sells products to customers in more than 150 countries. For more
information, visit www.Eaton.com.
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Eaton (NYSE:ETN)
Storico
Da Lug 2023 a Lug 2024