EATON CORPORATION PLC

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Eaton names Kurt McMaken senior vice president, operations finance and finance transformation

01/24/2022 | 08:15am EDT

Dublin, Ireland ... Power management company Eaton (NYSE:ETN) today announced that Kurt McMaken has been named senior vice president, operations finance and finance transformation. In this role, McMaken will lead the Global Operations and Transformation organization. This organization includes the company's financial planning and analysis and operations finance teams and has responsibility for the development of finance technology enhancements. McMaken will report to Tom Okray, Eaton's executive vice president and chief financial officer, and will be a member of the senior leadership team.

Since joining Eaton in 2001, McMaken has held a number of senior leadership roles in the company including senior vice president, corporate development and treasury; vice president, finance, Electrical, for Europe, the Middle East and Africa (EMEA); corporate president, EMEA; and most recently senior vice president, finance and planning, Electrical Sector.

McMaken holds a bachelor's degree in Business Administration and Accounting from Georgetown University and an MBA in Strategy and Finance from The University of Chicago Booth School of Business.

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 and mechanical power - more safely, more efficiently, and more reliably. Eaton's 2020 revenues were $17.9 billion, and we sell products to customers in more than 175 countries. We have approximately 87,000 employees. For more information, visit www.eaton.com.

Contact: Jennifer Tolhurst, +1 (440) 523-4006

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2022 20 671 M - -
Net income 2022 2 558 M - -
Net Debt 2022 8 146 M - -
P/E ratio 2022 21,2x
Yield 2022 2,36%
Capitalization 53 522 M 53 522 M -
EV / Sales 2022 2,98x
EV / Sales 2023 2,76x
Nbr of Employees 85 947
Free-Float 99,7%
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Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 136,08 $
Average target price 172,45 $
Spread / Average Target 26,7%
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Managers and Directors
Craig Arnold Senior Vice President
Thomas Bernard Okray Chief Financial Officer & Executive Vice President
Raja Ramana Macha Chief Technology Officer & Executive VP
Katrina R. Redmond Chief Information Officer & Senior Vice President
Kurt B. McMaken SVP-Operations, Finance & Finance Transformation
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