On August 15, 2018, Emerson Electric Co. (the “Company”) announced that Lal Karsanbhai will succeed Michael Train as Executive President of Automation Solutions, effective October 1, 2018.
Previously, the Company reported that Mr. Train, the Company’s current Executive President of Automation Solutions, will succeed Edward Monser as the Company’s President, when Mr. Monser retires as President of the Company on October 1, 2018. Mr. Train will also serve as Chairman of Automation Solutions.
Mr. Karsanbhai, 49, has been with Emerson for 23 years and has served as Group President of Emerson’s Rosemount Measurement & Analytical business since 2016. He previously served as President of Emerson’s former Network Power business in Europe, Middle East and Africa from 2014 and has held other leadership roles at the Company, including Vice President of Corporate Planning, President of Emerson’s Fisher Regulator Technologies and Vice President and General Manager of its Natural Gas Unit.
A copy of a press release dated August 15, 2018 announcing Mr. Karsanbhai’s appointment is attached hereto as Exhibit 99.1.
Forward-Looking and Cautionary Statements
Statements in this Current Report on Form8-K that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include economic and currency conditions, market demand, pricing, protection of intellectual property, competitive and technological factors, and the impact of the Tax Cuts and Jobs Act, among others, as set forth in the Company’s most recent Annual Report on Form10-K and subsequent reports filed with the SEC.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.