Eaton Corporation Announces Automotive Reorganization
As a result of these changes, Eaton's traditional automotive businesses will be an integrated, consolidated unit for the first time in the company's history. "Our automotive strategy is focused on fuel economy, safety and environmental impact," said Stephen M. Buente, senior vice president and group executive --Automotive. "We can achieve our strategy most efficiently by reorganizing to leverage the many synergies and resources that currently exist between the various businesses that make up Eaton's Automotive Group. In addition, the new automotive organization becomes seamless in providing the full breadth of our capabilities, something that our customers have come to expect."
To support the new organization, the following personnel changes are effective immediately.
Joseph P. Palchak, currently general manager of air management systems is named vice president of powertrain and specialty controls. Scott L. King who most recently was worldwide sales and marketing manager for Eaton's Engine Component Operations becomes vice president of sales and marketing. Glenn C. Gouldey, currently vice president and general manager for Eaton's Actuator Sensor/Mirror Controls Division is appointed vice president of strategic technology and planning. Larry M. Iwan, vice president and general manager of Eaton's Engine Component Operations will continue in that position under its new name of Engine Air Management.
Engine Air Management Operations, formerly Engine Components Operation, designs and manufactures differentiated components and component integration platforms that control engine air breathing. These products include engine valvetrain elements (including the 2001 PACE Award Finalist ULV(R) Ultralite engine valves), diesel exhaust emission controls, variable valve actuation systems, superchargers (kompressor) and engine cylinder heads.
The former Actuator and Sensor/Mirror Controls Division and Torque Control Products Division form the Powertrain and Specialty Controls business unit. This newly formed operation designs and manufactures differentiated product offerings that include a variety of controls associated with engines, transmissions, HVAC, mirror actuators and traction modifiers. As with Engine Air Management, there will be an emphasis on component integration platforms that address environmental impact and targeted safety/security issues.
Sales and marketing for automotive OEMs will be directed from the group level. This approach will give the organization the ability to leverage the complete magnitude and breadth of the group, as well as consolidate Eaton's capabilities for a consistent and optimized customer strategy and focus. Responsibility for strategy, technology, e-business/IT, and planning for the group will be organized under one leader. This position will bring a central growth-oriented coordination to strategy formulation, technology execution and business development across the group.
Eaton Corporation is a global $8 billion diversified industrial manufacturer that is a leader in fluid power systems; electrical power quality, distribution and control; automotive engine air management and fuel economy; and intelligent truck systems for fuel economy and safety. Eaton's 54,000 employees work in 29 countries on six continents. For more information, visit http://www.eaton.com.
CONTACT: Eaton Corporation
Laura M. Joseph, 248/354-2830
www.eaton.com
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