Craig Arnold to be Named President and COO of Eaton

Eaton (NYSE:ETN) has announced that Craig Arnold will be named President and Chief Operating Officer of Eaton effective Sept. 1, 2015.

The move comes in anticipation of Chairman and Chief Executive Officer Alexander M. “Sandy” Cutler’s retirement at the end of May 2016. Arnold, 55, will be appointed chairman and chief executive officer of Eaton on June 1, 2016.

Cutler, who has been Eaton’s chairman and chief executive officer since August 2000, will retire on May 31, 2016, having reached Eaton’s mandatory CEO retirement age of 65.

Arnold has been vice chairman, president and chief operating officer of the Industrial Sector since 2009, with additional leadership responsibility for the Asia Pacific and Latin America regions.

He joined Eaton in 2000 as senior vice president and group executive of the Fluid Power Group. Prior to that, Arnold held multiple senior leadership positions with General Electric in the United States, Europe and Asia.

Arnold has a master’s degree in business administration from Pepperdine University and a bachelor’s degree from California State University. The Board also announced that Richard H. Fearon has been appointed a member of Eaton’s board of directors, effective Sept. 1, 2015. He will continue to serve as chief financial and planning officer, a position he has held since 2002, and as vice chairman of Eaton.

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