CLEVELAND ... Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) announced today that Mark M. McGuire has been named vice president and general counsel. He replaces J. Robert Horst, who is retiring November 30 after 31 years with the company.
McGuire is joining Eaton from International Paper Company, where he has been vice president and deputy general counsel since 2003. He joined the company in 1992 and held positions of increasing responsibility, including general counsel, Europe, and associate general counsel. Prior to International Paper, McGuire was a partner in the Atlanta law firm of Powell, Goldstein, Frazer and Murphy.
McGuire will report to Alexander M. Cutler, Eaton chairman and chief executive officer. His appointment is effective December 1. He holds a law degree from the University of Virginia School of Law, where he was a J. Hardy Dillard Fellow. He has a bachelor's degree in psychology, with distinction, from George Washington University, where he was elected to Phi Beta Kappa.
"I am very pleased that Mark will be joining the Eaton team," Cutler said. "He has significant experience spanning a wide range of corporate legal disciplines, including acquisitions and divestitures, litigation and international business matters. Like Bob Horst, Mark has a reputation for being a good businessman as well as an outstanding lawyer."
Horst joined Eaton in April 1974 as an attorney in Eaton's law department, where he held positions of increasing responsibility before being named general counsel in January 2000.
"Bob has been a trusted adviser to Eaton's management team and Board of Directors," Cutler said. "His standard of integrity and uncompromising commitment to business ethics has been a solid anchor point for Eaton's culture of 'doing the right thing.'"
Eaton Corporation is a diversified industrial manufacturer with 2004 sales of $9.8 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls for performance, fuel economy and safety. Eaton has 58,000 employees and sells products to customers in more than 125 countries.