Report
Eaton Corporation PLC
Eaton Hse, 30 Pembroke Road
Phone: +353 16372900p:+353 16372900 DUBLIN, Ireland Ticker: ETNETN

Eaton Appoints Thomas B. Okray Executive Vice President and Chief Financial Officer


Richard H. Fearon to retire

DUBLIN--(BUSINESS WIRE)-- Power management company Eaton (NYSE:ETN) today announced that Thomas B. Okray has been named executive vice president and chief financial officer effective April 1, 2021. He succeeds Richard H. Fearon, vice chairman and chief financial and planning officer, who will be retiring on March 31, 2021. In this role, Okray will report to Craig Arnold, Eaton’s chairman and chief executive officer.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201203005139/en/

Eaton appoints Thomas B. Okray executive vice president and chief financial officer. (Photo: Business Wire)

Eaton appoints Thomas B. Okray executive vice president and chief financial officer. (Photo: Business Wire)

Okray joins Eaton from W.W. Grainger where he was senior vice president and chief financial officer. Throughout his career, Okray has held various leadership roles including executive vice president and chief financial officer for Advance Auto Parts; vice president, Finance, Global Customer Fulfillment at Amazon; and chief financial officer, Global Product Development, Purchasing and Supply Chain at General Motors.

Okray holds a bachelor’s degree in chemical engineering from Michigan State University and an MBA from the University of Chicago.

Okray and his family will relocate to Cleveland, Ohio.

“I’d like to extend a sincere thank you to Rick for his 18 years of service to Eaton,” said Arnold. “Over the years, Rick has been an instrumental figure in shaping Eaton into the company it is today. He is highly respected in the investment community and has been a trusted partner to our senior leadership team, our board, and to me. We wish him and his family the best for the future.”

Over the next few months, Okray and Fearon will be working together to ensure a smooth leadership transition.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.

Margaret Hagan, 440-523-4343
margarethagan@eaton.com

Source: Eaton

Related Businesses
- - Customer
Copyright © 2024 by CreditRiskMonitor.com (Ticker: CRMZ®). All rights reserved.  You are not permitted to use this report or the information contained herein for any purpose not expressly permitted by CreditRiskMonitor.com, Inc. Except as expressly permitted by CreditRiskMonitor.com, Inc., you are not permitted, in whole or in part, to copy, alter, correct, adapt, translate, enhance, lease, sell, sublicense, assign, distribute, publish, otherwise make available to any third party, or prepare derivative works or improvements of this report or any of the information contained therein. You are not permitted to reverse engineer, disassemble, decompile, decode, or adapt the software, algorithms or other processes used to prepare this report, or otherwise attempt to derive or gain access to the source code of same. You agree not to remove, alter, obscure, combine or otherwise change any disclaimers, trademarks, copyrights, other intellectual property rights, proprietary rights, or other symbols, notices, marks, or serial numbers on or relating to any copy of the report or on marketing or other materials that CreditRiskMonitor.com, Inc. may provide to you. You will not use this report in any manner or for any purpose that infringes, misappropriates, or otherwise violates any right of any party, or that violates any applicable law.  
The FRISK® scores, agency ratings, credit limit recommendations and other scores, analysis and commentary are opinions of CreditRiskMonitor.com, Inc. and/or its suppliers, not statements of fact, and should be one of several factors in making credit decisions.  Any reliance you place on the information in this report is strictly at your own risk. Except as expressly provided by CreditRiskMonitor.com, Inc., no warranties or representations of any type, including without limitation of results to be obtained, merchantability or fitness for a particular purpose, are made concerning any part of CreditRiskMonitor.com, Inc.’s service, including without limitation the FRISK® scores.  The information published above has been obtained from sources CreditRiskMonitor considers to be reliable.  CreditRiskMonitor.com, Inc. and its third-party suppliers do not guarantee or validate the accuracy and completeness of the information provided in this report, the underlying information input to create the FRISK® scores, and specifically do not assume responsibility for not reporting any information omitted or withheld.  By using this website, you accept the Terms of Use Agreement. 
Contact Us: 845.230.3000
Fundamental financial data concerning public companies may be provided by Refinitiv (click for restrictions)
Thursday, April 18, 2024