Nitin Jain Joins nVent as SVP of Strategy and Business Development

Rhea-AI Summary

nVent Electric plc (NYSE:NVT) has appointed Nitin Jain as the new senior vice president of strategy and business development. Reporting to CEO Beth Wozniak, Jain will focus on strategic planning and explore inorganic growth opportunities through partnerships and acquisitions. With 18 years of experience, including a leadership role at Schneider Electric, he aims to enhance nVent's growth strategy in response to the increasing demand for electrification solutions. This appointment underscores nVent's commitment to innovation and customer service enhancement.

Positive

• Appointment of Nitin Jain to senior vice president of strategy and business development.
• Nitin Jain brings 18 years of experience in business transformation and strategy.
• Focus on inorganic growth opportunities through partnerships and acquisitions.

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• None.

LONDON--(BUSINESS WIRE)-- nVent Electric plc (NYSE:NVT) (“nVent”), a global leader in electrical connection and protection solutions, today announced that Nitin Jain joined the company as senior vice president of strategy and business development. In this newly created role reporting directly to CEO Beth Wozniak, Jain will lead strategic planning and inorganic growth opportunities at nVent. He will develop new growth platforms through partnerships, alliances and acquisitions.

“The electrification of everything presents exciting opportunities for nVent to enhance our offerings and further serve our customers. With his strong leadership and deep experience in the electrical industry, Nitin will play a critical role in leading nVent’s strategy while also identifying inorganic opportunities to bolster our growth. We are thrilled to welcome Nitin to the nVent team,” said nVent CEO Beth Wozniak.

Jain has 18 years of global experience in business transformation, corporate development, program management and customer management. Jain joins nVent from Schneider Electric where he spent the past eight years in progressive leadership roles, most recently serving as the vice president of strategy for the digital energy division. Jain’s experience building and executing corporate strategy and leading business transformations will help nVent accelerate its growth strategy and build on its successful acquisition track record.

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 in the United States 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. Learn more at www.nvent.com.

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/20220131005634/en/

Media Contact

Stacey Wempen

Director, External Communications

nVent

763.204.7857

Stacey.Wempen@nVent.com

Source: nVent

FAQ

What is the recent appointment at nVent Electric plc (NYSE:NVT)?

Nitin Jain has been appointed as the senior vice president of strategy and business development.

What will Nitin Jain's role focus on at nVent Electric plc (NYSE:NVT)?

Jain will lead strategic planning and explore inorganic growth opportunities.

How many years of experience does Nitin Jain have in the electrical industry?

Nitin Jain has 18 years of global experience in the electrical industry.

Who is the CEO of nVent Electric plc (NYSE:NVT)?

The CEO of nVent is Beth Wozniak.

What company did Nitin Jain work for before joining nVent Electric plc (NYSE:NVT)?

Nitin Jain previously worked at Schneider Electric.