Eaton's CEO Releases 100th Anniversary Open Letter: Committed to Innovation, the Future Looks Bright

Create Date: 2024-8-30 12:03:23|Source: Eaton/Eaton

2023 marks the 100th anniversary of Eaton's (ETN) listing on the New York Stock Exchange. At this momentous moment, Craig Amold, chairman and chief executive officer, released an open letter in which he reflected on Eaton's 100-year history and said:

We are proud of the culture of excellence and achievements made by Eaton employees, and we believe that the future is bright and the best times are ahead!

Looking back on the 100-year journey of creating value for shareholders

This year marks Eaton's 100th anniversary on the New York Stock Exchange. Eaton is one of only a handful of companies in the world that have achieved this. Together, we will celebrate this significant milestone

Eaton's commitment to innovation has led to our longevity on the NYSE and around the world, and our resilience and resilience.

When we first went public in 1923, we were just a United States truck bearing company. After 20 years of hard work, we have grown from an obscure start-up to a diversified supplier of automotive and truck components. We continued to innovate and expanded into a diversified industrial company through M&A activities in the early 70s and 90s

The acquisitions of Cutler-Hammer, Westinghouse's power distribution and control business, and Aeroquip-Vickers laid the foundation for the rapid growth of our electrical business, strengthened our contribution to the aerospace market, and laid the foundation for other important acquisitions in the future.

In the new millennium, we began to focus more on power management and energy efficiency. Today, we have grown into a global intelligent power management company with operations in 170 countries, more than 91,000 employees, and 2022 revenues of $20.8 billion, about 90% of our profits from aerospace and electrical.

Throughout our 100-year history, we have always been committed to operating properly and living our corporate values. Passed down from generation to generation, we are committed to serving our shareholders, customers, communities and colleagues. At the same time, we also actively fulfill our commitment to society, improve the environment, and continuously improve the quality of life of all people.
Eaton's CEO Releases 100th Anniversary Open Letter: Committed to Innovation, the Future Looks Bright

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