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CLEVELAND ... Diversified industrial manufacturer Eaton Corporation today announced that Paolo Baretta has been named director and controller – Vehicle Group for Europe, Middle East and Africa (EMEA). He reports directly to Joao Faria, president – Vehicle Group, EMEA and functionally to Renee Peterson, vice president – Finance. Jim Fisher, currently the interim EMEA region controller for the group, will support the transition of Baretta into his new role until mid-April 2010. Baretta will be located in Turin, Italy.
In this role, Baretta will be responsible for internal and external reporting for the region, as well as pricing, forecasting, planning and compliance with Sarbanes-Oxley and Generally Accepted Accounting Principles (GAAP) in support of the group’s goals and objectives.
Baretta joins Eaton from Isola Group Sarl, where he was most recently the European vice president of finance. He also served as the European and Asian group controller for Federal Mogul’s Champion® brand. He began his career with the Italian textile producer Miroglio Group.
Baretta holds a degree in economics from the University of Torino in Italy, and has earned advanced degrees and certifications in management and finance from the Ecole des Affaires in Paris, Oxford and Berlin.
Eaton Corporation is a diversified power management company with 2009 sales of $11.9
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.