Eaton, the world’s leading power management company, recently announced that its current chairman and chief executive officer, Ke Renjie, will officially retire at the end of May 2016. For this reason, his board of directors also announced the appointment of senior leaders of several companies. These appointments strictly follow the Eaton Board's multi-year succession management process to continue Eaton’s consistent strategy and excellent market performance, inheriting the company’s values ​​and corporate culture.
Eaton chairman and chief executive officer Ke Renjie will officially retire on May 31, 2016
Luo De, 55, was appointed president and chief operating officer of Eaton and was elected to the company's board of directors. The appointment will take effect on September 1, 2015. Ko Renjie, who has served as Eaton’s chairman and chief executive since August 2000, will officially retire on May 31, 2016. At 65, he has reached the mandatory retirement age of Eaton’s chief executive. At that time, Luo De will replace Ke Renjie on June 1, 2016 to serve as the chairman and CEO of Eaton.
Luo De will serve as Eaton’s President and Chief Operating Officer from September 1, 2015; and will replace Ke Renjie as Eaton’s Chairman and Chief Executive Officer as of June 1, 2016.
Ned C. Lautenbach, the chief executive of Eaton’s Board of Directors, said: “All members of our Board of Directors are grateful to Mr. Ko Renjie for his outstanding leadership and strategic vision, and at the same time congratulate Mr. Locke for his promotion. In his close cooperation with Mr. Locke, he We are admired by our outstanding intelligence and outstanding performance.â€
Ke Renjie said: "We are very fortunate to have such an outstanding leader as Lloyd. He has worked for Eaton for many years, has rich experience and outstanding performance, and is the only one who can lead Eaton to continue our position as the world's leading power management company."
Since 2009, Luo De has served as Vice President of Eaton and Chief Operating Officer of Industrial Group. He has also been responsible for Eaton operations in Asia Pacific and Latin America. He joined Eaton in 2000 as senior vice president and chief executive officer of Eaton Fluid Power Group. Previously, he held senior leadership positions in GE, USA, Europe, and Asia.
Locke holds a Master of Business Administration degree from Pepperdine University in the United States and a Bachelor degree in Psychology from California State University. He currently also serves on the boards of Medtronic and several community organizations, including the University of Cleveland Hospital and the Advisory Group of the Salvation Army in the Greater Cleveland, USA. Prior to this, he was a member of the board of directors of Unocal and Kehui Medical Devices.
Richard Felton, Eaton Vice Chairman and Chief Financial and Planning Officer, will be elected to the Eaton Board on September 1, 2015
The board also announced the appointment of Richard Phelen as a member of the board of directors. The appointment will take effect on September 1, 2015. At the same time, he will continue to serve as Eaton's vice chairman and chief financial and planning officer since 2002.
Ke Renjie said: “Richard’s deep understanding of the global financial market and his close relationship with shareholders and investors have enabled him to continue to serve Eaton better. His outstanding strategic leadership and business development capabilities are driving us to The world's leading power management company has played a key role in the transformation process."
Richard Fellen has held senior leadership positions at the National Life Insurance Company, Volkswagen Steel, Walt Disney Company, Booz Allen Consulting, and Boston Consulting. He holds a JD from Harvard Law School, an MBA from Harvard Business School, and a Bachelor of Economics from Stanford University. Currently, he is also a director of PolyOne Corporation and several community organizations, including the Cleveland Center for the Performing Arts Foundation and the Cleveland Museum of Art.
Eaton also announced that its vice chairman and president and chief operating officer of Eaton Electric Group Thomas Gross will follow his personal plan to retire on August 31, 2015.
Thomas Gross, Vice Chairman of Eaton, President and Chief Operating Officer of the Electric Group, will retire on August 31, 2015
Ke Renjie said: "Thomas leads the electrical group in the largest acquisition in Eaton's history - and demonstrated extraordinary leadership in the acquisition and integration of Cooper Industries Group. From his earliest years as the first vice president of the Eaton Business System, to His recent leadership in the Electrical Group and business in Europe, the Middle East and Africa, Thomas has always been the backbone of the growth of Eaton business. We wish him a healthy and long-term retirement."
Wei Yinxin, currently President of Eaton Electric Group Americas, will serve as Chief Operating Officer of Eaton Electric Group on September 1, 2015
The current president of Eaton Electric Group Americas, Ms. Wei Xinxin will take over Thomas Gross as the chief operating officer of Eaton Electric Group on September 1, 2015, and will also be responsible for leading the company's business in Europe, the Middle East and Africa.
Wei Xinxin joined Eaton in 1995 as Eaton’s production director for the Shawnee plant in Oklahoma, USA, and later held various positions in the United States and Europe. She left Eaton in 2002 and then joined Eaton again in 2008 as Vice President and General Manager of the Electrical Components Division, and was later promoted to President of the Eaton Electric Group in Asia Pacific. Weixin Wei holds a bachelor's degree in mechanical engineering from Bhara Institute of Technology in India and a master's degree in international trade from Thunderbird-Gavin International Business School in Arizona.
The current head of the Eaton Aerospace Group, Yadav, will succeed Locke and become the chief operating officer of Eaton Industries. The appointment will take effect on September 1 this year. In addition, he will also be responsible for Eaton’s operations in Asia Pacific and Latin America.
Eaton Aerospace’s current President, Yadav, will be the Chief Operating Officer of Eaton Industrial Group from September 1, 2015
Yadav joined Eaton in 1994 and has served as executive vice president of Eaton Commercial Systems, president of Eaton Hydraulics Asia Pacific, vice president of supply chain management at Eaton Fluid Power, director and general manager of Eaton Global Hose Division, and Eaton India. Executive Director and other positions. Prior to joining Eaton, Yadav worked for Lucas Engineering Systems and Aeroquip Vickers. Yadav holds a dual degree in engineering and business from the University of Nottingham Trent, UK.
Ke Renjie said: "I am very proud of Eaton having such a management team. The above appointments also reflect the outstanding leadership ability of our leadership team."
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