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Emerson Names Bill Easter to Board of Directors

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management
Rhea-AI Summary

Emerson has elected W.H. (Bill) Easter III to its board of directors, as announced by CEO David N. Farr. Easter, formerly the chairman and CEO of DCP Midstream LLC, brings significant experience in the energy sector, having overseen substantial growth during his tenure. He also has a long history with ConocoPhillips and currently serves on the boards of Delta Airlines and Grupo Aeroméxico. At Emerson, he will be involved in the Compensation and Finance Committees, adding valuable perspectives aimed at enhancing shareholder value.

Positive
  • Bill Easter brings extensive leadership experience from DCP Midstream and ConocoPhillips.
  • His experience in the energy sector is expected to enhance strategic decision-making.
  • Easter's board experience with Delta Airlines and Grupo Aeroméxico adds diverse perspectives.
Negative
  • None.

ST. LOUIS--()--W.H. (Bill) Easter III, former chairman, president and chief executive officer of DCP Midstream LLC, has been elected to join Emerson’s (NYSE: EMR) board of directors, Chairman and Chief Executive Officer David N. Farr announced today.

Easter most recently led DCP Midstream LLC, one of the nation’s largest midstream companies engaged in gathering, processing and transporting natural gas and natural gas liquids. In this leadership role, from 2004 until his 2008 retirement, Easter oversaw growth and record earnings. Prior to joining DCP Midstream LLC, Easter worked for more than 30 years with ConocoPhillips where he held senior leadership, operations and government affairs roles both internationally and in the United States.

“Bill possesses a deep understanding of the unique challenges and opportunities facing the energy sector and has extensive people and organizational leadership experience,” Farr said. “His informed perspective and knowledge of the industries we serve make him a valuable addition to a board that is laser-focused on creating value for our customers and shareholders.”

As a leader sought for his strategic counsel, Easter brings significant director experience to his new role on Emerson’s board. He currently serves on the boards of directors for Concho Resources, an independent energy exploration and production company; global aviation giant Delta Airlines; and Grupo Aeroméxico, the leading Mexican airline company. In addition, Easter was recently named chairman of the board for the Memorial Hermann Health System in Houston.

At Emerson, Easter will serve on the Compensation Committee and Finance Committee.

Throughout his career, Easter has received numerous awards including the DuPont Marketing Excellence Award, Conoco Distinguished Community Service Award and Hall of Achievement Laureate – Junior Achievement in Southeast Texas. In addition, he was selected among the “Most Powerful African American Corporate Leaders” by Black Enterprise Magazine.

Easter earned a bachelor’s degree in business administration – finance from the University of Houston and a master’s of science degree in management from the Stanford Graduate School of Business.

About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production and protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information, visit Emerson.com.

Contacts

For Emerson
Casey Murphy
314-982-6220
casey.murphy@fleishman.com

FAQ

Who is Bill Easter and what is his role at Emerson?

Bill Easter has been elected to Emerson's board of directors and will serve on the Compensation and Finance Committees.

What experience does Bill Easter bring to Emerson?

Easter has extensive experience in the energy sector, previously leading DCP Midstream and holding senior roles at ConocoPhillips.

What impact might Bill Easter's appointment have on Emerson's strategy?

Easter's energy sector expertise may contribute to strategic insights, enhancing value creation for shareholders.

Emerson Electric Co.

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Specialty Industrial Machinery
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