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Form 8-K · Current Report · Filed 2024-08-12

Eaton Announces Leadership Transition with Paulo Ruiz Set to Become CEO

Eaton Corporation plc announced that Paulo Ruiz will be appointed President and Chief Operating Officer effective September 2, 2024, and will succeed Craig Arnold as Chief Executive Officer on June 1, 2025.

Filer
Eaton Corporation plc ETN · NYSE
Filed
Accession
0001140361-24-036849
CIK
0001551182
Signal
High impactIndustrials

Details

The Board of Directors also expanded its size to eleven members and elected Ruiz to the board, effective September 2, 2024. Ruiz has been serving as President and COO of Eaton's Industrial Sector since July 2022.

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New CEO Appointed Board Member Appointed
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$291.64

Next session

+1.3%

Since filing

+42.4%

Latest close

$415.20

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from ETN reporting the same item, with the next session's move:

Exhibits (1)

About Eaton Corporation plc

Eaton Corporation plc is a multinational power management company that specializes in providing energy-efficient solutions for a wide range of electrical, hydraulic, and mechanical applications. The company's primary purpose is to improve the quality, reliability, and safety of electrical, hydraulic, and mechanical power, addressing challenges related to efficient energy use and environmental impact. Eaton serves diverse sectors including aerospace, automotive, buildings, utilities, and machinery, with products ranging from circuit protection and lighting solutions to hydraulic motors and filtration systems. Eaton's influence in the market is significant owing to its commitment to innovation and sustainability, which allows industries across the board to optimize power usage and reduce energy costs. Headquartered in Dublin, Ireland, with significant operations in the United States, Eaton leverages a global network to serve customers across more than 175 countries. As industries continue to evolve towards more sustainable practices, Eaton plays a vital role in supporting the transition by providing advanced power management technologies that cater to both commercial and residential needs.

Exchange NYSE Industry Specialty Industrial Machinery Company website ↗

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