Greg Scheu Appointed to nVent Board of Directors

Rhea-AI Summary

nVent Electric plc (NYSE:NVT) has appointed Greg Scheu to its Board of Directors effective February 26, 2021. Scheu, the former President of the Americas for ABB, Inc., brings significant industry experience and a strong background in mergers and acquisitions. His leadership is expected to enhance nVent's strategic capabilities. CEO Beth Wozniak noted that Scheu's expertise in the electrical industry will add strength to the Board. nVent specializes in electrical connection and protection solutions, emphasizing safety and reliability.

Positive

• Appointment of Greg Scheu brings extensive industry and mergers and acquisitions experience.
• His leadership is expected to enhance strategic capabilities and strengthen the Board.

Negative

• None.

nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, announced today that Greg Scheu has been appointed to its Board of Directors, effective February 26, 2021.

Scheu is the retired President of the Americas region and Head of Group Service and Business Integration of ABB, Inc., a subsidiary of leading global technology company ABB Ltd. He served as a member of ABB Ltd.’s Executive Committee. Following his retirement from ABB in 2019, Mr. Scheu founded StratPro Partners, a consulting and advisory practice, and he is a senior advisor at Lindsay Goldberg, a private equity firm.

“Greg brings to our Board extensive industry and mergers and acquisitions experience. His leadership and knowledge of the electrical industry will complement and further strengthen our Board,” said nVent CEO Beth Wozniak.

About nVent

nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London and our management office is in Minneapolis. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210226005097/en/

FAQ

What is the significance of Greg Scheu's appointment to nVent's Board of Directors?

Greg Scheu's appointment is significant as he brings extensive industry experience and expertise in mergers and acquisitions, which can enhance nVent's strategic capabilities.

When was Greg Scheu appointed to the nVent Board of Directors?

Greg Scheu was appointed to the nVent Board of Directors effective February 26, 2021.

Who is Greg Scheu and what experience does he bring to nVent?

Greg Scheu is the retired President of the Americas for ABB, Inc., and has served on ABB Ltd.'s Executive Committee, bringing substantial experience in the electrical industry.

How might Greg Scheu's leadership impact nVent Electric plc?

Greg Scheu's leadership is expected to strengthen nVent's Board and enhance strategic direction, thanks to his extensive background in the electrical sector.