Eaton names Kaled Awada as new chief human resources officer

DUBLIN - Power management company Eaton (NYSE:ETN), a prominent player in the Electrical Equipment industry with a market capitalization of $145 billion, has appointed Kaled Awada as executive vice president and chief human resources officer, effective Monday, according to a press release statement.

Awada will lead Eaton’s global talent strategy, including leadership development, compensation and benefits, and employee experience from acquisition to retention. He will report to Chief Executive Officer Paulo Ruiz and join the company’s executive leadership team. According to InvestingPro data, Eaton has demonstrated strong financial health with a return on equity of 21% and maintains a moderate debt level, indicating effective management of its resources.

The new appointee joins Eaton from PG&E, where he served as executive vice president and chief people officer. Previously, he held the position of executive vice president and chief human resources officer at Tenneco and led human resources functions at Aptiv across multiple global divisions.

Notably, Awada is returning to Eaton, where he previously worked for nearly a decade in various roles across electrical, industrial, corporate, and regional HR teams.

"His diverse experience across the full breadth of human resource disciplines, deep understanding of business operations and values-based leadership approach will have a meaningful impact at Eaton," said Ruiz in the statement.

Awada holds a Bachelor of Arts degree in Psychology with an emphasis in Organizational Management from The Ohio State University and certifications from CHRO Association and the Center of Executive Compensation.

Eaton, founded in 1911, is a power management company serving customers in more than 160 countries, with reported revenues of nearly $25 billion in 2024. The company has maintained dividend payments for 55 consecutive years and achieved a remarkable 52% price return over the past six months. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with 14 additional exclusive insights available to subscribers. For detailed analysis and valuation metrics, investors can access the comprehensive Pro Research Report, part of InvestingPro’s coverage of over 1,400 US equities.

In other recent news, Eaton has been chosen by Bell Textron Inc. to design and certify an aerial refueling probe for the U.S. Army’s MV-75 Future Long Range Assault Aircraft. This project will involve the development and production of the probe across multiple Eaton facilities in the US and UK. Additionally, Eaton announced a collaboration with Autodesk to enhance building lifecycle management by integrating their technologies, aiming to improve energy system simulations and optimize electrical system performance in commercial buildings and data centers.

On the financial front, Melius Research has upgraded Eaton’s stock rating to Buy, citing a reacceleration in AI capital expenditures. BNP Paribas Exane has reiterated its Outperform rating, forecasting significant growth potential due to expected shifts in customer capital expenditure towards AI data center equipment. Furthermore, Bernstein has raised its price target for Eaton to $414, maintaining an Outperform rating, and anticipates growth to extend beyond data centers, which have been a key growth driver for Eaton’s Electrical segment. These developments reflect a positive outlook from analysts regarding Eaton’s future prospects.

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