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DUBLIN - Intelligent power management company Eaton (NYSE:ETN), currently valued at $148.6 billion, announced Wednesday the election of Gerald Johnson to its Board of Directors, effective July 23, 2025.
Johnson is the retired executive vice president of Global Manufacturing and Sustainability at General Motors, where he led global manufacturing operations, labor relations and sustainable workplace practices. During his more than 40-year career at GM, Johnson held various leadership positions, including vice president of Manufacturing and Labor Relations for North America and vice president of Global Operational Excellence. He currently serves on the board of Caterpillar Inc.
"With his extensive experience in global manufacturing, engineering and operations, Gerald is a valuable addition to our Board," said Paulo Ruiz, Eaton chief executive officer, in a press release statement.
Eaton, founded in 1911, focuses on power management products for data centers, utilities, industrial, commercial, residential, aerospace and mobility markets. The company reported revenues of nearly $25 billion in 2024 and serves customers in more than 160 countries.
In other recent news, Eaton has announced its intention to acquire Ultra PCS Limited for $1.55 billion. This acquisition will expand Eaton’s capabilities in electronic controls and data processing solutions for aerospace customers. Additionally, Eaton has reported a 35% reduction in greenhouse gas emissions since 2018, and it aims to achieve net zero emissions by 2050, a goal validated by the Science Based Targets initiative. In collaboration with NVIDIA, Eaton is working to transition AI data centers to high-voltage direct current power infrastructure, focusing on high-density GPU deployments. Furthermore, Eaton has secured contracts worth approximately $25 million to upgrade the electrical infrastructure at Hartsfield-Jackson Atlanta International Airport. The airport project is part of a larger $12.8 billion expansion initiative. Eaton also declared a quarterly dividend of $1.04 per share, payable on August 22, 2025. These developments reflect Eaton’s strategic moves in acquisitions, sustainability, and infrastructure upgrades.
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