CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced that Richard D. Holder has been named president of the newly formed Electrical Components Organization reporting to Jerry R. Whitaker, president - Americas Region, Eaton’s Electrical Sector. He will be located at the company's Electrical Sector headquarters in Cherrington, Penn.
"To continue our focus on driving customer satisfaction, developing our distribution partners, growing market share and building our organizational capability, we are combining our Industrial Controls Division, Residential Products Division, and Low-Voltage and Medium-Voltage Circuit Breaker Divisions under Rich's leadership in the new Electrical Components Organization," said Jerry R. Whitaker, president - Americas Region, Eaton’s Electrical Sector. "Rich’s leadership, vision, and drive coupled with his wealth of experience will ensure our continued growth and performance in the Electrical Component business.”
Holder joined Eaton in 2001 as vice president, Supply Chain and Operational Excellence in the company's Electrical Group. He then became vice president and general manager of the group's Power Distribution and Assemblies Division and most recently served as executive vice president – Eaton Business System. Prior to joining Eaton, Holder was director of Aircraft and Technical Purchasing for US Airways, director of Strategic Materials for Allied Signal, and held positions of increasing responsibility in supply chain and engineering at Parker Hannifin's aerospace division in California.
Holder earned a bachelor's degree in Aviation Management from Southern Illinois University in Carbondale, Ill., and a master's degree in business from Webster University in St. Louis, Mo.
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 70,000 employees and sells products to customers in more than 150 countries.