Linda A. Hill and Gerald B. Smith Join the Board of
Directors of Eaton Corporation plc
Date: December 7, 2012
DUBLIN… Diversified industrial manufacturer Eaton
Corporation plc (NYSE:ETN) today announced that former
Cooper Industries plc directors Linda A. Hill and Gerald B.
Smith have joined the Company's Board. The appointments
were effective upon the November 30, 2012 close of the
acquisition.
"Gerald and Linda add valuable perspectives to our Board
through their extensive and diverse backgrounds," said
Alexander M. Cutler, Eaton chairman and chief executive
officer. "Their experience and insight will benefit
Eaton as we continue to accelerate our growth as a global
integrated power management company."
Linda A. Hill served as a director of Cooper Industries plc
since 1994. She is the Wallace Brett Donham Professor of
Business Administration at the Harvard Business School, the
faculty chair of the Leadership Initiative and has chaired
numerous HBS Executive Education programs. She is a member
of the Board of Directors of State Street Corporation and
Harvard Business Publishing. She is also a trustee of the
Nelson Mandela Children's Fund USA, The Bridgespan
Group and Bryn Mawr College. Hill is on the Advisory Board
of the Aspen Institute Business and Society Program.
Gerald B. Smith served as lead independent director of
Cooper Industries plc and had been a director of the
company since 2000. He is chairman and chief executive
officer of Smith Graham & Company, an investment management
firm he founded in 1990. Prior to launching Smith Graham,
he served as senior vice president and director of fixed
income for Underwood Neuhaus & Company. He is a member of
the Board of Trustees and chair of the Investment Oversight
Committee for The Charles Schwab Family of Funds and Board
of Directors of New York Life Insurance Company, ONEOK Inc.
and ONEOK Partners MLP. He is a director of the Federal
Reserve Bank of Dallas, Houston Branch and serves as
chairman of the Texas Southern University Foundation.
Eaton Corporation plc is a diversified power management
company providing energy-efficient solutions that help our
customers effectively manage electrical, hydraulic and
mechanical power. The company is a global technology leader
in electrical products, systems and services for power
quality, distribution and control, power transmission,
lighting and wiring products; 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 acquired Cooper Industries plc in
2012. The new company, Eaton Corporation plc, has
approximately 100,000 employees and sells products to
customers in more than 150 countries.
Eaton Corporation plc is a diversified industrial group organized around 4 families of products:
- distribution, control and electric protection systems and component (69.1% of net sales): low tension electric appliances, breakers, UPS, modulators, industrial automatisms, etc.;
- aerospace systems (14.7%): fuel power systems, hydraulics and pneumatic systems for commercial and military aircrafts, men/machine interfaces, propellant systems, switching and electrical protection equipment, etc.;
- air managing systems for automotive engines (13.6%). The group also offers transmission systems for trucks;
- hydraulics system and component (6.6%): activity sold on 08/02/2021;
- other (2.6%).
Net sales are distributed geographically as follows: the United States (59.5%), Europe (19.1%), Asia/Pacific (10.5%), Latin America (7.3%), and Canada (3.6%).