Rockwell Automation Announces New Chief Financial Officer

Rhea-AI Summary

Rockwell Automation (NYSE:ROK), the world's largest industrial automation and digital transformation company, has announced Christian Rothe as its new senior vice president and chief financial officer, effective August 19. Rothe brings extensive experience from his 13-year tenure at Graco Inc., where he served as CFO and treasurer before leading global business divisions. He replaces Nick Gangestad, who is retiring after joining Rockwell in 2021.

CEO Blake Moret expressed confidence in Rothe's ability to accelerate the company's growth and margin expansion plans. Rothe, excited about joining Rockwell, highlighted the company's role in shaping the future of industrial operations worldwide. He will be based at Rockwell's global headquarters in Milwaukee, WI.

Positive

• Appointment of experienced CFO with industry knowledge
• Potential for accelerated growth and margin expansion
• Continuity in leadership with smooth transition

Negative

• None.

Christian Rothe to join the company on Aug. 19

MILWAUKEE--(BUSINESS WIRE)-- Rockwell Automation (NYSE:ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced that Christian Rothe will join the company as senior vice president and chief financial officer on Aug. 19. He will report to Rockwell Chairman and Chief Executive Officer Blake Moret.

Christian Rothe named senior vice president and chief financial officer at Rockwell Automation​. (Photo: Business Wire)

Rothe brings with him a broad background of executive leadership, finance, strategic planning, operations, and corporate development experience. He joins Rockwell after spending 13 years at Graco Inc., an industrial company specializing in the development and manufacturing of fluid-handling systems and products. Rothe served as chief financial officer and treasurer at Graco from 2015 through 2018 before moving into roles leading Graco’s global business divisions. He is currently the president, Global Industrial Division. Prior to Graco, Rothe worked at Gardner Denver in finance and strategic development roles.

“Christian brings a strong record of success leading finance and business teams, including a deep understanding of the manufacturing industry,” Moret said. “He will accelerate the execution of our plans to combine market-beating growth with expanded margins, in line with targets introduced last year.”

“I am thrilled to join the talented team at Rockwell Automation,” said Rothe. “The global industrial operations landscape is being reimagined by advancements in factory automation and digital transformation. With its domain expertise, leadership position, and strong history of performance, Rockwell is at the forefront of this transformation. I am honored to join Blake and team as we shape the future of industrial operations worldwide.”

Rothe received an undergraduate degree from St. Cloud State University and an MBA from the University of Minnesota. He will be based out of Rockwell Automation’s global headquarters in Milwaukee, WI.

Rothe replaces Nick Gangestad who announced his plans to retire on May 7. Gangestad served in the role since 2021 when he came out of retirement to join the industrial automation leader.

“I want to thank Nick for his commitment to Rockwell’s mission over the last few years. He helped guide us through a global pandemic and supply chain disruptions while continuing to invest in the future through new product development and strategic acquisitions. I wish him well in his retirement,” Moret said.

About Rockwell Automation

Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 29,000 problem solvers dedicated to our customers in more than 100 countries. To learn more about how we are bringing the Connected Enterprise to life across industrial enterprises, visit www.rockwellautomation.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240717623184/en/

Media contact:

Ed Moreland

Head of Government Affairs and Corporate Communications

+1 571-296-0391

Edward.Moreland@RockwellAutomation.com

Investor Relations contact:

Aijana Zellner

Head of Investor Relations and Market Strategy

+1 414-382-8510

azellner@rockwellautomation.com

Source: Rockwell Automation, Inc.

FAQ

Who is the new CFO of Rockwell Automation (NYSE:ROK)?

Christian Rothe has been appointed as the new senior vice president and chief financial officer of Rockwell Automation (NYSE:ROK), effective August 19, 2024.

What is Christian Rothe's background before joining Rockwell Automation (NYSE:ROK)?

Christian Rothe spent 13 years at Graco Inc., serving as CFO and treasurer from 2015 to 2018, and most recently as president of the Global Industrial Division. He also has experience from Gardner Denver in finance and strategic development roles.

When will Christian Rothe start his role as CFO at Rockwell Automation (NYSE:ROK)?

Christian Rothe will join Rockwell Automation (NYSE:ROK) as senior vice president and chief financial officer on August 19, 2024.

Who is Christian Rothe replacing as CFO at Rockwell Automation (NYSE:ROK)?

Christian Rothe is replacing Nick Gangestad, who announced his plans to retire on May 7, 2024. Gangestad had served as CFO since 2021.