ETN Eaton Corp. Plc

Eaton names Pete Denk president and chief operating officer, Industrial Sector, and Antonio Galvao, president, Mobility

Intelligent power management company Eaton (NYSE:ETN) today announced that Pete Denk has been named president and chief operating officer, Industrial Sector, effective January 1, 2025. Denk succeeds Paulo Ruiz, who will assume the role of president and chief executive officer following Craig Arnold’s retirement on May 31, 2025. In this role, Denk will be responsible for the company’s Aerospace, Mobility, Filtration and Golf Pride businesses. He will continue reporting to Ruiz as a member of Eaton’s senior leadership team. In a related move, Antonio Galvao will succeed Denk as president, Mobility Group, effective January 1, 2025.

This press release features multimedia. View the full release here:

Pete Denk named president and chief operating officer, Industrial Sector, Eaton (Photo: Business Wire)

Pete Denk named president and chief operating officer, Industrial Sector, Eaton (Photo: Business Wire)

“Pete’s strong leadership and empowering approach help fuel a passion for growth and margin expansion,” said Ruiz. “His demonstrated ability to lead large teams and deliver results in a highly dynamic environment make him ideally suited to oversee our Industrial Sector as we continue our evolution as an enterprise.”

Denk joined Eaton in 2018 as president, Vehicle Group, North America before becoming president, Mobility Group, in 2023. Prior to Eaton, Denk spent nearly 20 years with Robert Bosch LLC, starting in manufacturing and operations and then serving in a variety of other roles of increasing responsibility including director, Development and Applications Engineering; vice president, Thermal Systems; and president, Electrical Drives, North America.

Denk holds a Bachelor of Science degree in mechanical engineering and a Master of Mechanical Engineering and fluid mechanics degree, both from Cornell University. He also holds a Master of Manufacturing Engineering degree from the University of Michigan.

Galvao has been with Eaton for 38 years, most recently as president, Mobility Group and Corporate, South America. As president, Mobility Group, Galvao will continue reporting to Denk and will become a member of Eaton’s senior leadership team. He has held many quality, manufacturing and operations roles over the years including director, Passenger Car business unit, at the Light and Medium Duty Transmission facility in Mogi Mirim, Brazil and director, Operational Excellence, Light and Medium Duty Transmission division, Truck Group in Galesburg, Michigan.

Ruiz continued, “Antonio is a proven leader whose decades of experience in our Mobility Group position him well for success in leading this talented team.”

Galvao holds a Bachelor of Science degree in mechanical engineering from the Universidade Estadual de Campinas in Brazil and a Master of Business Administration degree from Fundação Getulio Vargas in Brazil.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.

Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit . Follow us on .

EN
11/12/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Eaton Corp. Plc

 PRESS RELEASE

Eaton named one of the World’s Most Ethical Companies® for the 14th ti...

CLEVELAND--(BUSINESS WIRE)-- Intelligent power management company Eaton (NYSE:ETN) has again received the 2025 recognition by Ethisphere, a global leader in defining and advancing the standards of ethical business practices. Grounded in Ethisphere’s proprietary Ethics Quotient®, the annual assessment requires companies to provide 240+ proof points on practices supporting ethics and compliance, governance, culture, environmental and social impact and initiatives supporting a strong value chain. The data undergoes further qualitative analysis by Ethisphere’s panel of experts who spend thousand...

 PRESS RELEASE

Eaton signs agreement to acquire Fibrebond Corporation, expanding reac...

DUBLIN--(BUSINESS WIRE)-- Intelligent power management company Eaton (NYSE:ETN) today announced it has signed an agreement to acquire Fibrebond Corporation, a designer and builder of pre-integrated modular power enclosures for data center, industrial, utility and communications customers. Under the terms of the agreement, Eaton will pay $1.4 billion for the acquisition of Fibrebond, which is expected to generate $110 million of estimated 2025 adjusted EBITDA. “Fibrebond is known for its engineering capabilities and customer focus in the industries they serve, including the multi-tenant data c...

 PRESS RELEASE

Eaton Names Sergio Letelier Senior Vice President, Corporate Developme...

DUBLIN--(BUSINESS WIRE)-- Intelligent power management company Eaton (NYSE:ETN) today announced that Sergio Letelier has been named senior vice president, corporate development, planning and strategy, effective March 17, 2025. In this role, Letelier will be responsible for leading Eaton’s corporate strategy and global mergers and acquisitions activity, reporting to Olivier Leonetti, executive vice president and chief financial officer, and will join the company’s executive leadership team. This press release features multimedia. View the full release here: Eaton names Sergio Letelier senior vi...

 PRESS RELEASE

Eaton increases quarterly dividend by 11%

DUBLIN--(BUSINESS WIRE)-- The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today declared a quarterly dividend of $1.04 per ordinary share, an increase of 11% over its last quarterly dividend. The dividend is payable March 28, 2025, to shareholders of record at the close of business on March 10, 2025. Eaton has paid dividends on its shares every year since 1923. Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industria...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

ResearchPool Subscriptions

Get the most out of your insights

Get in touch