CLEVELAND … Diversified industrial manufacturer Eaton Corporation announced recently that Kurt McMaken has been named senior vice president – Corporate Development and Treasury, effective February 1. He replaces Ken Semelsberger, who was named senior vice president – finance and planning for the company’s Industrial Sector. McMaken will report to Richard H. Fearon, vice chairman and chief financial and planning officer. He will be located in Cleveland.
McMaken joined Eaton in 2001 as a Corporate Development and Planning associate and subsequently held positions of increasing responsibility in Corporate Development and Planning prior to being promoted to his current position in 2008. Before joining Eaton, McMaken was manager – Audit and Business Advisory Services at PricewaterhouseCoopers, LLP.
He holds a bachelor's degree in business administration from Georgetown University in Washington, D.C., and a master of business administration degree from the University of Chicago.
Eaton Corporation is a diversified power management company with 2008 sales of $15.4 billion. Eaton is a global technology leader in electrical components and 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 approximately 75,000 employees and sells products to customers in more than 150 countries.