Eaton Corp combines
Automotive, Truck Groups
Jul 9, 2009 3:58 PM
Eaton Corporation announced that Eatonís Automotive and Truck Groups are being consolidated into one operating unit. The combined organization will be known as the Vehicle Group and will be led by Joseph P Palchak, current president of the Automotive Group. The new Vehicle Group will continue to report to the Industrial Sector, along with Eatonís aerospace and hydraulics businesses.
ďAs our truck and automotive operations continue to expand into global markets, itís critical that we leverage the natural synergies that exist between the two businesses,Ē said Craig Arnold, vice-chairman and chief operating officer of Eatonís Industrial Sector. ďIn todayís challenging business environment, we must identify opportunities to reduce costs, develop technologies, build global capacity, and more effectively cross-market our products and solutions.Ē
Palchak served as president of Eatonís automotive business since June 2008. Prior to that, he led the Automotive Groupís Engine Air Management business since 2005 and previously was president of Eatonís Powertrain and Specialty Controls operations. Since joining Eaton in 1973, he has held numerous assignments within its automotive and truck businesses.
Externally, Eaton will continue to report financial results for six segments. They are: Electrical Americas, Electrical Rest of the World, Hydraulics, Aerospace, Truck, and Automotive.
© 2013 Penton Media Inc.