Date

August 22, 2008

Eaton Names Renee Peterson Vice President – Finance And Planning, Automotive Group

CLEVELAND … Diversified industrial manufacturer Eaton Corporation today announced that Renee Peterson has been named vice president – Finance and Planning, for the Automotive Group. Peterson will report directly to Joe Palchak, chief executive officer – Automotive Group, and functionally to Rick Fearon, executive vice president and chief financial and planning officer. Reporting into Peterson will be Ruby Mack, vice president and controller for the Automotive Group, and Jody Heekin, director – Development and Planning for the Automotive Group.

In this new role, Peterson will be responsible for the Automotive Group’s strategic planning process; business development and planning activities; and financial and controlling activities.

Peterson joins Eaton from Honeywell International Aerospace where she most recently served as the vice president of finance for its customer and product support operations based in Phoenix, Arizona. Peterson’s career with Honeywell included assignments as director of finance for business locations in Minnesota, California and Arizona. Previously, she served as the vice president of finance for the Honeywell Defense and Space business in Phoenix.

Peterson holds a bachelor’s degree in accounting from St. Cloud State University in Minnesota and a master’s in business administration from the University of Minnesota.

With sales of $1.6 billion in 2007 and 11,000 employees around the world, Eaton’s Automotive Group supplies the automotive industry with critical components that reduce emissions and fuel consumption, and improve vehicle stability and performance. Principal products include engine valves and valve train components, transmission and engine controls, superchargers, locking and limited slip differentials, cylinder heads and fluid conveyance components.

Eaton Corporation is a diversified power management company with 2007 sales of $13 billion. Eaton is a global technology leader in electrical systems for power quality, distribution and control; hydraulics components, systems and services for industrial and mobile equipment; aerospace fuel, hydraulics and pneumatic systems for commercial and military use; and truck and automotive drivetrain and powertrain systems for performance, fuel economy and safety. Eaton has 81,000 employees and sells products to customers in more than 150 countries. For more information, visit www.eaton.com.

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Jim Parks
(248) 226-7191