COOPER INDUSTRIES announces Senior Vice President and CFO Terry A. Klebe will retire in 2010 after 15 years of service with Cooper Industries. Mr. Klebe began his career at Cooper in 1995 as vice president and controller and was appointed senior vice president, strategic sourcing in 1999. In 2002, he was promoted to CFO and has served in this role for the past 8 years.
"Terry has made a tremendous impact at Cooper during his 15 years of service," said Cooper Industries Chairman and CEO Kirk S. Hachigian. "He has worked tirelessly and with the utmost passion and ethical standards throughout his career and has been a trusted advisor and business partner as we transformed Cooper over the last decade into the company it is today. Over the last year, he has successfully led our financial organization through the most turbulent time our company has seen since the Great Depression and was largely responsible for protecting and strengthening our balance sheet through the economic downturn. We envision a smooth and planned exit for Terry that will occur later in 2010."
Additionally, Cooper Industries announced the appointment of Neil A. Schrimsher to the position of executive vice president, Cooper Connection, reporting to Mr. Hachigian. In this role, Mr. Schrimsher will oversee four of Cooper's electrical products divisions—Cooper B-Line, Cooper Bussmann, Cooper Wiring Devices, and Cooper Lighting. These four units, which represent approximately 40% of the company's total revenue, are bound by a common distribution channel and primarily serve commercial, industrial, and residential markets. Mr. Schrimsher will maintain his position as president of Cooper Lighting. Prior to joining Cooper in 2006, Mr. Schrimsher spent 5 years with Siemens and 17 years with General Electric in a variety of leadership and management roles.
"Neil is a proven and effective leader with a history of building and mobilizing strong teams that get outstanding results," said Mr. Hachigian. "His management expertise and electrical industry experience give us great confidence that he will successfully lead the effort to capitalize on many of the synergies that are inherent in our Cooper Connection businesses."
Finally, Cooper announced the appointment of Mark Eubanks as vice president and general manager, Cooper Lighting, reporting to Mr. Schrimsher. Mr. Eubanks joined Cooper in 2006 and has worked in a variety of roles for the past four years, most recently as vice president and general manager, architectural and lighting control products.
SOURCE: NEMA
Printer-friendly version
Send to friend
