Rockwell Automation Names Veena Lakkundi Head of Corporate Strategy and Development

Rhea-AI Summary

Rockwell Automation (NYSE: ROK) has appointed Veena Lakkundi as Senior Vice President, Corporate Strategy and Development, effective November 1. Lakkundi previously held significant roles at 3M, including Senior VP and Chief Strategy Officer. Her expertise will enhance Rockwell's strategic planning and drive development activities. She succeeds Elik Fooks, who is retiring after a successful career at Rockwell. CEO Blake Moret acknowledged Lakkundi's capabilities in building teams and delivering value, signaling a commitment to advancing Rockwell's leadership in industrial automation and digital transformation.

Positive

• Appointment of Veena Lakkundi as SVP may enhance strategic direction.
• Lakkundi's extensive experience at 3M is potential beneficial for Rockwell.
• Successful transition of leadership following retirement of Elik Fooks.

Negative

• None.

MILWAUKEE--(BUSINESS WIRE)-- Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, announced today that Veena Lakkundi is joining the company as Senior Vice President, Corporate Strategy and Development on Nov. 1. She will report to Rockwell Automation Chairman and CEO Blake Moret.

Veena Lakkundi (Photo: Business Wire)

Lakkundi joins Rockwell following a progression of roles with increasing responsibility at 3M. She was most recently Senior Vice President and Chief Strategy Officer and interim leader of Technology, Transformation and Services.

“Veena has a track record of building world-class global teams and businesses while delivering great outcomes for customers and stakeholders,” said Moret. “Her experience in strategy, research and development, sales, and marketing make her a great addition to our leadership team as we find ways to increase our value to customers. I am delighted to welcome Veena to Rockwell.”

“I’m excited to join the Rockwell team and oversee all strategic planning and inorganic development activities across the company,” said Lakkundi. “Rockwell has already accomplished so much as a leader in industrial automation and digital transformation, and I’m thrilled at the opportunity to help in driving the company forward.”

Lakkundi succeeds Elik Fooks, Senior Vice President, Corporate Development, who announced his retirement earlier this year.

“Elik has had an incredible impact on Rockwell during a long and successful career,” said Moret. “Most recently, Elik created a high-functioning Corporate Development team that is contributing materially to the execution of our strategy. I wish him all the best in his retirement and appreciate all he is doing to support Veena’s transition.”

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 24,000 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/20211020005184/en/

Marci Pelzer

Director, External Communications

+1 414-553-4661

MPelzer@rockwellautomation.com

Source: Rockwell Automation, Inc.

FAQ

Who is the new Senior Vice President at Rockwell Automation?

Veena Lakkundi is the new Senior Vice President, Corporate Strategy and Development at Rockwell Automation.

When does Veena Lakkundi start at Rockwell Automation?

Veena Lakkundi will begin her role on November 1.

What was Veena Lakkundi's previous position before joining Rockwell Automation?

She was Senior Vice President and Chief Strategy Officer at 3M.

Who did Veena Lakkundi succeed at Rockwell Automation?

She succeeded Elik Fooks, who announced his retirement earlier this year.

What is the impact of Lakkundi's appointment on Rockwell Automation's strategy?

Lakkundi's appointment is expected to enhance strategic planning and development activities at Rockwell Automation.