Eaton Names Daniel Hopgood Senior Vice President and Controller

Rhea-AI Summary

Power management company Eaton (NYSE:ETN) has appointed Daniel Hopgood as senior vice president and controller, effective April 1. He succeeds Ken D. Semelsberger, who will retire on March 31. Hopgood has been with Eaton since 2012, serving in various finance roles, including senior vice president, Global Financial Services and Systems. This transition aims to ensure continuity within the leadership team. Eaton reported revenues of $17.9 billion in 2020 and operates in more than 175 countries with approximately 92,000 employees.

Positive

• Daniel Hopgood's appointment indicates leadership continuity at Eaton.
• Hopgood has extensive experience within Eaton, potentially beneficial for stakeholders.

Negative

• None.

Power management company Eaton (NYSE:ETN) today announced that Daniel Hopgood has been named senior vice president and controller effective April 1. He succeeds Ken D. Semelsberger, senior vice president and controller, who will be retiring on March 31.

Eaton names Daniel Hopgood senior vice president and controller (Photo: Business Wire)

Hopgood joined Eaton in 2012 as vice president, Finance, Vehicle Segment, and then moved to senior vice president, Finance, Industrial Sector. He has been in his current role for the past three years as senior vice president, Global Financial Services and Systems. Prior to that he served in various finance and accounting leadership roles for several industrial companies. Hopgood is a Certified Public Accountant.

Over the next several weeks, Hopgood and Semelsberger will be working together to ensure a smooth leadership transition.

“Ken’s long experience, knowledge and insights will be greatly missed,” said Rick Fearon, vice chairman and chief financial and planning officer. “He has been a strong partner to me and our leadership team. I wish him well in his retirement.”

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, hydraulic, 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 92,000 employees. For more information, visit www.eaton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210219005256/en/

FAQ

Who has been appointed as senior vice president and controller at Eaton (ETN)?

Daniel Hopgood has been appointed as senior vice president and controller effective April 1.

When will Ken D. Semelsberger retire from Eaton (ETN)?

Ken D. Semelsberger will retire on March 31.

What was Eaton's revenue for 2020?

Eaton reported revenues of $17.9 billion for the year 2020.

How long has Daniel Hopgood worked at Eaton (ETN)?

Daniel Hopgood has been with Eaton since 2012.

In how many countries does Eaton (ETN) operate?

Eaton operates in more than 175 countries.