EnerSys Announces Planned Executive Succession
EnerSys (NYSE: ENS) announced that CEO David Shaffer will retire in May 2025, with Shawn O'Connell named as successor. O'Connell, currently President of Energy Systems Global, has been appointed President and Chief Operating Officer effective immediately. Under Shaffer's eight-year tenure as CEO, EnerSys transformed from a traditional lead-acid battery company into a global energy systems solutions leader, growing revenue by ~35%. O'Connell, who joined EnerSys in 2011, has demonstrated significant achievements, including reducing annual costs by nearly $50 million in Energy Systems Global and delivering 20% operating earnings growth with 210 bps margin expansion as President of Motive Power.
EnerSys (NYSE: ENS) ha annunciato che il CEO David Shaffer si ritirerà a maggio 2025, con Shawn O'Connell nominato come successore. O'Connell, attualmente presidente di Energy Systems Global, è stato nominato presidente e direttore operativo con effetto immediato. Sotto la direzione di Shaffer, che ha ricoperto il ruolo di CEO per otto anni, EnerSys si è trasformata da un'azienda tradizionale di batterie al piombo a un leader globale nelle soluzioni energetiche, aumentando il fatturato di circa il 35%. O'Connell, che è entrato in EnerSys nel 2011, ha dimostrato risultati significativi, tra cui una riduzione dei costi annui di quasi 50 milioni di dollari in Energy Systems Global e una crescita degli utili operativi del 20% con un'espansione del margine di 210 punti base come presidente di Motive Power.
EnerSys (NYSE: ENS) anunció que el CEO David Shaffer se retirará en mayo de 2025, con Shawn O'Connell nombrado como su sucesor. O'Connell, quien actualmente es presidente de Energy Systems Global, ha sido nombrado presidente y director de operaciones con efecto inmediato. Durante el mandato de ocho años de Shaffer como CEO, EnerSys se transformó de una empresa tradicional de baterías de plomo a un líder global en soluciones de sistemas energéticos, creciendo los ingresos en aproximadamente un 35%. O'Connell, quien se unió a EnerSys en 2011, ha demostrado logros significativos, que incluyen la reducción de costos anuales en casi 50 millones de dólares en Energy Systems Global y un crecimiento del 20% en las ganancias operativas con una expansión de margen de 210 puntos básicos como presidente de Motive Power.
EnerSys (NYSE: ENS)는 CEO David Shaffer가 2025년 5월에 은퇴할 것이라고 발표했으며, 후임으로 Shawn O'Connell이 임명되었습니다. 현재 Energy Systems Global의 사장인 O'Connell은 즉시 사장 및 최고 운영 책임자로 임명되었습니다. Shaffer가 CEO로 재임한 8년 동안 EnerSys는 전통적인 납산 배터리 회사에서 글로벌 에너지 시스템 솔루션 리더로 변모하여 약 35%의 수익 성장을 기록했습니다. 2011년 EnerSys에 합류한 O'Connell은 Energy Systems Global에서 연간 비용을 거의 5천만 달러 절감하고 Motive Power의 사장으로서 운영 이익을 20% 성장시키며 210bp의 마진 확장을 달성하는 등의 중요한 성과를 보여주었습니다.
EnerSys (NYSE: ENS) a annoncé que le PDG David Shaffer prendra sa retraite en mai 2025, avec Shawn O'Connell nommé en tant que successeur. O'Connell, actuellement président d'Energy Systems Global, a été nommé président et directeur des opérations avec effet immédiat. Sous la direction de Shaffer pendant huit ans, EnerSys s'est transformée d'une entreprise traditionnelle de batteries au plomb en un leader mondial des solutions énergétiques, avec une croissance des revenus d'environ 35 %. O'Connell, qui a rejoint EnerSys en 2011, a démontré des réalisations significatives, y compris la réduction des coûts annuels de près de 50 millions de dollars chez Energy Systems Global et une croissance des bénéfices opérationnels de 20 % avec une expansion de la marge de 210 points de base en tant que président de Motive Power.
EnerSys (NYSE: ENS) gab bekannt, dass der CEO David Shaffer im Mai 2025 in den Ruhestand gehen wird, und Shawn O'Connell als Nachfolger benannt wurde. O'Connell, der derzeit Präsident von Energy Systems Global ist, wurde ab sofort zum Präsidenten und Chief Operating Officer ernannt. Unter Shaffers achtjähriger Amtszeit als CEO verwandelte sich EnerSys von einem traditionellen Blei-Säure-Batterieunternehmen in einen globalen Marktführer für Energiesystemlösungen und erzielte ein Umsatzwachstum von etwa 35%. O'Connell, der 2011 zu EnerSys kam, hat bedeutende Erfolge vorzuweisen, darunter die Senkung der jährlichen Kosten um fast 50 Millionen US-Dollar bei Energy Systems Global und ein Wachstum des operativen Gewinns von 20% mit einer Margenerweiterung von 210 Basispunkten als Präsident von Motive Power.
- Revenue growth of ~35% under current CEO's leadership
- Cost reduction of $50 million annually in Energy Systems Global division
- 20% operating earnings growth and 210 bps margin expansion in Motive Power division
- None.
Insights
The planned CEO succession at EnerSys represents a well-orchestrated leadership transition with minimal disruption risk. Shawn O'Connell brings significant operational experience, having driven
Under outgoing CEO David Shaffer's tenure, EnerSys achieved
David Shaffer to Retire as Chief Executive Officer
Shawn O’Connell Named Successor
(Graphic: Business Wire)
As part of this planned succession, effective today Mr. O’Connell, will become EnerSys’ President and Chief Operating Officer, and continue leading Energy Systems Global until a successor is named. A search process is underway. In his new role, Mr. O’Connell will assume responsibility for the Operations and Information Technology functions and the Motive Power Global, Energy Systems Global, and Specialty Global businesses.
As a seasoned executive, Mr. O’Connell has led global teams and spearheaded transformational initiatives across EnerSys, consistently demonstrating the ability to drive change and deliver growth and profitability. Navigating unprecedented events, such as the COVID-19 pandemic, macroeconomic volatility, and shifting secular growth trends, Mr. O’Connell has been a steady, resilient, and strategic leader. Since joining EnerSys in 2011, he has held key leadership roles of increasing responsibility, including Vice President of both EnerSys Advanced Systems (2015 – 2017) and Reserve Power Sales and Service for the
As President, Energy Systems Global since November 2023, Mr. O’Connell has led a significant business transformation, including reshaping the go-to market and operational strategies and reducing annual costs by nearly
“On behalf of the entire Board, I want to express our deepest gratitude to Dave for his visionary leadership and unwavering dedication throughout his more than eight years as CEO and nearly two decades with EnerSys,” said Paul Tufano, EnerSys Chair. “Under Dave’s leadership, EnerSys has transformed from a traditional lead-acid battery company with limited scale into a global leader in energy systems solutions, growing revenue by ~
Mr. Tufano continued, “We are excited to welcome Shawn as the next leader of EnerSys. A highly respected and experienced member of our executive team, Shawn has consistently demonstrated exceptional leadership, deep industry expertise, and a clear strategic vision for the future. He has held key executive positions in each of our core businesses and international operating regions, making him well-equipped to succeed as our next CEO. We are fully confident that his ability to drive innovation and profitable growth will build on the strong foundation already in place, propelling the Company forward into its next chapter of success.”
David Shaffer, EnerSys Chief Executive Officer commented, “As I reflect on my 19 years with this remarkable organization and as CEO since 2016, I couldn’t be prouder of what we’ve accomplished together. It has been an honor to lead this team in such a dynamic industry that is critical to the future of our evolving world, and I am excited about what lies ahead, not just for the Company, but for the entire market. I want to thank Paul and our Board for their trust and guidance throughout my career, which has been instrumental in our success.”
Shaffer continued, “I am thrilled that Shawn has been named EnerSys’ next CEO. His ethics and character, commitment to doing things the right way, and natural leadership capabilities have supported our customer and supplier relationships and added to our culture. He has successfully executed every challenge presented, and his deep understanding of our business and strategic vision makes him the ideal leader to build on our success. I look forward to working closely with Shawn over the next six months as we execute a smooth transition.”
Shawn O’Connell, President and Chief Operating Officer concluded, “I am honored to succeed Dave as EnerSys’ CEO and grateful to the Board for their trust and confidence. Having been a part of this incredible company for 21 years, including the decade prior to joining EnerSys, I have had the privilege of working with some of the most talented people in the industry and witnessed the tremendous progress made under Dave’s leadership, for which I am deeply grateful. I look forward to building on the strong foundation we’ve established, working with our team to continue our journey of innovation and growth as we pursue new opportunities that align with our long-term vision and delivering stakeholder value.”
About EnerSys
EnerSys is the global leader in stored energy solutions for industrial applications and designs, manufactures, and distributes energy systems solutions and motive power batteries, specialty batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosure solutions to customers worldwide. The company goes to market through four lines of business: Energy Systems, Motive Power, Specialty and New Ventures. Energy Systems, which combine power conversion, power distribution, energy storage, and enclosures, are used in the telecommunication, broadband and utility industries, uninterruptible power supplies, and numerous applications requiring stored energy solutions. Motive power batteries and chargers are utilized in electric forklift trucks and other industrial electric powered vehicles. Specialty batteries are used in aerospace and defense applications, portable power solutions for soldiers in the field, large over-the-road trucks, premium automotive, medical and security systems applications. New Ventures provides energy storage and management systems for various applications including demand charge reduction, utility back-up power, and dynamic fast charging for electric vehicles. EnerSys also provides aftermarket and customer support services to its customers in over 100 countries through its sales and manufacturing locations around the world. To learn more about EnerSys please visit https://www.enersys.com/en/
Caution Concerning Forward-Looking Statements
EnerSys is making this statement in order to satisfy the “Safe Harbor” provision contained in the Private Securities Litigation Reform Act of 1995. Any of the statements contained in this press release that are not statements of historical fact may include forward-looking statements that involve a number of risks and uncertainties. A forward-looking statement predicts, projects, or uses future events as expectations or possibilities. Forward-looking statements may be based on expectations concerning future events and are subject to risks and uncertainties relating to operations and the economic environment, all of which are difficult to predict and many of which are beyond our control. For a discussion of such risks and uncertainties that could cause actual results to differ materially from those matters expressed in or implied by forward-looking statements, please see our risk factors as disclosed in the “Risk Factors” section of our annual report on Form 10-K for fiscal year ended March 31, 2024. The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise. EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241106988531/en/
Lisa Hartman
Vice President, Investor Relations and Corporate Communications
EnerSys
610-236-4040
E-mail: investorrelations@enersys.com
Source: EnerSys
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