Emerson Electric (EMR) Appoints Calvin Butler to its Board

Emerson (NYSE: EMR) today announced the election of Calvin Butler, President and Chief Executive Officer of Exelon, to its Board of Directors, effective August 1, 2024. He will serve on the Corporate Governance and Nominating Committee. Effective August 1, 2024, the Emerson Board will expand to 12 members.

Butler is a seasoned public company executive with significant operational and leadership experience in the energy industry. He has led Exelon, the nation's largest utility company, as President and CEO since 2022 and served in a variety of leadership roles during his 16-year tenure at the company.

"Calvin is a highly respected executive who will be an outstanding addition to our Board as part of our ongoing refreshment process," said James Turley, Chair of the Emerson Board of Directors. "We look forward to benefiting from Calvin's unique and relevant perspectives and believe he will be highly additive to our strong Board as we continue to oversee and execute on our strategy."

"Emerson's position in our power generation, transmission and distribution offerings makes us a partner of choice in an essential and growing market. As we continue to target this opportunity and advance our leadership position in energy transition markets, Calvin will bring significant expertise in these areas to the Board. With the support of Calvin and our best-in-class Emerson team, we look forward to continuing to capitalize on secular trends driving investment in energy security and sustainability and decarbonization," said Lal Karsanbhai, President and Chief Executive Officer of Emerson.

"I have long admired Emerson as an industry leader and innovator with an outstanding opportunity ahead given its recent portfolio actions and execution," said Butler. "I look forward to working closely with my fellow directors to capture opportunities that will drive the Company forward and create value for shareholders."

You May Also Be Interested In

• DA Davidson Starts Emerson (EMR) at Neutral
• Comfort Systems USA names new COO and Chief Strategy Officer
• Johnson Outdoors names Asad Rahman as new CFO effective June 30