Emerson Announces Management Appointments
Lynne Maxeiner named Vice President, Planning for Emerson Network Power; Patrick Fitzgerald to Become Emerson Director of Investor Relations
ST. LOUIS (August 16, 2011) – Emerson (NYSE: EMR) today announced that Lynne Maxeiner, who has served as assistant treasurer and director of investor relations since January 2008, has been named vice president of planning and business development for Emerson Network Power. Patrick Fitzgerald, who was previously director of finance for Emerson Process Management, succeeds Maxeiner.
Maxeiner started at Emerson in 1997 and has worked in various planning and financial roles for Emerson and its Leroy Somer business. Maxeiner earned a Bachelor of Science degree in Engineering from the University of Missouri-Rolla and an MBA from Washington University in St. Louis. In her new role she will locate to Columbus, Ohio, and report directly to Scott Barbour, executive vice president of Emerson and business leader of Emerson Network Power Systems as they focus on the integration of the recent acquisitions of Chloride and Avocent.
“We are grateful for the outstanding leadership that Lynne provided in ensuring that Emerson’s investor relations activities consistently met the high standards of investors and the financial community,” said Emerson Chairman and CEO David N. Farr. “Lynne is taking on an important role at Network Power, and we are confident that her track-record of business success and contribution will continue.”
Fitzgerald began his career at Emerson as a financial analyst in 2002 after graduating with an MBA in Corporate Finance and Investment Banking from Wake Forest University. From 2006 to 2009, Fitzgerald worked in financial planning and analysis for Micro Motion, an Emerson Process Management business. He became Director of Finance for Emerson Process Management in August 2009.
“Patrick’s background makes him an ideal successor in the IR role at Emerson,” Farr continued. “This will be an orderly transition that will be managed over the next few months. Our commitment to excellence in communication with investors and analysts remains strong, while at the same time we continue our long-term focus on developing a broad, strong core of future Emerson leaders.”
Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions to customers in industrial, commercial, and consumer markets through its network power, process management, industrial automation, climate technologies, and tools and storage businesses. Sales in fiscal 2010 were $21 billion. For more information, visit Emerson.com.