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Eaton names Mike Yelton president, Americas Region, Electrical Sector, and Pete Denk, president, Vehicle Group, Industrial Sector
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Rhea-AI Summary
Eaton announces leadership changes with the retirement of Brian Brickhouse and Joao Faria. Mike Yelton will succeed Brickhouse as president of the Americas Region, Electrical Sector, and Pete Denk will take over from Faria as president of the Vehicle Group, effective April 1, 2023. Yelton has 29 years at Eaton, while Denk joined in 2018, having previously worked at Bosch. Eaton focuses on improving quality of life and environmental sustainability, reporting revenues of $19.6 billion in 2021, and serves customers in over 170 countries.
Positive
Leadership continuity with experienced successors Yelton and Denk.
Commitment to sustainability and power management aligns with market trends.
Negative
None.
Brian Brickhouse, Joao Faria to retire
DUBLIN--(BUSINESS WIRE)--
Intelligent power management company Eaton (NYSE:ETN) today announced that Mike Yelton will succeed Brian Brickhouse as president, Americas Region, Electrical Sector, and Pete Denk will succeed Joao Faria as president, Vehicle Group, effective April 1, 2023. Yelton will report to Heath Monesmith, president and chief operating officer, Electrical Sector. Denk will report to Paulo Ruiz, president and chief operating officer, Industrial Sector. Both Yelton and Denk will join Eaton’s senior leadership team.
“Brian and Joao are highly respected leaders within their industries and their teams,” said Craig Arnold, chairman and chief executive officer, Eaton. “With more than 35 years of service each, they’ve both been instrumental in making Eaton the company it is today. I thank them for the tremendous impact they’ve had and wish them well in retirement.”
Mike Yelton, who currently holds the role of president, Assemblies and Residential Solutions, Electrical Sector, Americas Region, has been with Eaton for 29 years. During this time, he’s served as vice president and general manager of Electrical Engineering Services, senior vice president and general manager of Commercial Distribution Products and Assemblies, and president, Commercial and Residential Distribution Solutions.
Pete Denk, who joined Eaton in 2018, is currently serving as president, North America, Vehicle Group. Denk has run the North American Vehicle business for four years, following nearly two decades at Bosch, including a decade of business leadership, where he held roles of increasing responsibility across the Operations, Engineering and General Management functions in North America and Germany.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. 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, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Who are the new leaders at Eaton as of April 1, 2023?
Mike Yelton will be the new president of the Americas Region, Electrical Sector, and Pete Denk will succeed Joao Faria as president of the Vehicle Group.
What is Eaton's revenue for 2021?
Eaton reported revenues of $19.6 billion in 2021.
What is the main focus of Eaton's business?
Eaton is dedicated to improving quality of life and environmental sustainability through intelligent power management.
How long have Yelton and Denk been with Eaton?
Mike Yelton has been with Eaton for 29 years, while Pete Denk joined in 2018.
