The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Globe Investor

News Sources

Take control of your investments with the latest investing news and analysis

Press release from Business Wire

George S. Barrett Elected to Eaton's Board of Directors; Three Directors Re-Elected; Ernie Green Retires from the Board

Wednesday, April 27, 2011

George S. Barrett Elected to Eaton's Board of Directors; Three Directors Re-Elected; Ernie Green Retires from the Board11:07 EDT Wednesday, April 27, 2011 CLEVELAND (Business Wire) -- Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced that George S. Barrett has been elected to the company's Board of Directors, effective immediately. Barrett is chairman and chief executive officer of Cardinal Health, an Ohio-based health care services company. He served as vice chairman of Cardinal Health and chief executive officer – Healthcare Supply Chain Services from January 2008 to August 2009, when he assumed his current position. Prior to joining Cardinal Health, Mr. Barrett held a number of executive positions with Teva Pharmaceuticals Industries, Inc., including president and chief executive officer of Teva North America, corporate executive vice president – Global Pharmaceutical Markets and a member of the office of the chief executive officer, and president of Teva Pharmaceuticals USA, from 1999 – 2007. “George brings a valuable perspective to our Board through his extensive background in manufacturing, regulatory compliance, strategic planning and supply chain management,” said Alexander M. Cutler, Eaton chairman and chief executive officer. “His strong corporate governance background, coupled with his international experience will benefit our Board and Eaton as we pursue business opportunities around the world.” In addition to his leadership at Cardinal Health, Barrett is a member of the board of directors of Nationwide Children's Hospital and the President's Leadership Council of Brown University. He also serves on the board of trustees of the Healthcare Leadership Council and The Conference Board, and is a member of the Business Roundtable and Ohio Business Roundtable. Re-elected as directors to the Eaton Board of Directors were Todd M. Bluedorn, chief executive officer and a director of Lennox International Inc.; Ned C. Lautenbach, retired partner of Clayton, Dubilier & Rice, Inc.; and Gregory R. Page, chairman and chief executive officer of Cargill Incorporated. Having reached Eaton's mandatory retirement age, Ernie Green retired at the conclusion of the 2011 annual shareholders meeting. He has been a director since 1995. Green was recognized at the meeting for his distinguished service to the Board. Eaton Corporation is a diversified power management company with 2010 sales of $13.7 billion. Celebrating its 100th anniversary in 2011, 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. For more information, visit Eaton CorporationScott Schroeder,