DUBLIN--(BUSINESS WIRE)--Aug 12, 2024--
The Board of Directors of intelligent power management company Eaton (NYSE:ETN) today named Paulo Ruiz president and chief operating officer of Eaton and a member of the board of directors, effective September 2, 2024. Ruiz will be appointed chief executive officer of Eaton on June 1, 2025. He succeeds Craig Arnold, who will retire on May 31, 2025, having reached Eaton’s mandatory officer retirement age of 65. Mr. Arnold has been Eaton’s chairman and chief executive officer since June 2016.
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Additionally, effective June 1, 2025, Gregory R. Page will become the non-executive chair of the Eaton Board of Directors.
“Our entire board is thrilled to congratulate Paulo on his promotion,” said Page. “Eaton’s strong position today is due to the mission-driven culture, strategic direction, and operational excellence that define the company. Paulo’s deep operations expertise and strong global manufacturing background make him uniquely qualified to lead Eaton through the next phase of the company’s growth.”
“Paulo’s experience overseeing critical aspects of our portfolio transformation and driving profitability in our operations has been critical in positioning our company for sustained growth,” said Arnold. “I’m proud to work with him and our team of passionate leaders to guide Eaton through this inflection point in our company’s long history. I have full confidence in Paulo’s ability to lead the enterprise into the future.”
Paulo Ruiz, 49, has been president and chief operating officer of the Industrial Sector since July 2022. In this role, Ruiz is responsible for the company’s Aerospace, Vehicle, eMobility, Filtration and Golf Pride businesses, as well as the company’s operations in the Asia-Pacific, Central and South American regions. Previously, Paulo was president of the company’s Americas region of the Energy Solutions and Services business and president of the company’s Hydraulics Group. Before joining Eaton in 2019, Ruiz served in various strategic positions worldwide with Siemens, including chief executive officer of Dresser–Rand – A Siemens Business and operations, commercial and engineering positions at Fiat.
Ruiz has a master’s degree in business management from Fundação Dom Cabral in Brazil and a bachelor’s degree in electrical engineering from FEI in São Paulo, Brazil. He also completed the post-MBA program at Kellogg School of Management at Fundação Dom Cabral and the Graduate Development Programme with Isvor Fiat in Turin, Italy.
During the transition period, Ruiz will continue to oversee the company’s Industrial Sector, and Heath Monesmith will remain the leader of its Electrical Sector.
“Together, Paulo and Heath bring an extraordinary combination of skills and leadership that are exactly what Eaton needs to accelerate our transformation into the world’s leading power management company,” Arnold said. “We have a deep bench and a strong team of leaders who are poised to guide our enterprise in the years to come.”
Media Resources:
Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy sources, helping to solve the world’s most urgent power management challenges, and building a more sustainable society for people today and generations to come.
Eaton was founded in 1911 and has been listed on the New York Stock Exchange for more than a century. We reported revenues of $23.2 billion in 2023 and serve customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.
Eaton names Paulo Ruiz president and COO effective September 2, 2024; Ruiz to succeed Craig Arnold as CEO on June 1, 2025 (Photo: Business Wire)
PHILADELPHIA (AP) — Bryce Harper homered twice, Cal Stevenson hit a two-run, go-ahead double in the seventh and made a run-saving, highlight-reel catch in the eighth and the NL East-leading Philadelphia Phillies rallied to cool off the New York Mets with a 6-4 victory on Saturday.
J.T. Realmuto added an RBI double for the Phillies, who have won 10 of 13 and lead the Mets by eight games in the division. The teams will wrap up the three-game series on Sunday afternoon before the Mets host the Phillies for four games Sept. 19-22.
“Really good team win today,” Harper said. “It's a big win. That's a good team over there, and they're playing well.”
Starling Marte singled, tripled and drove in three runs and Luisangel Acuña had a pair of singles in his major-league debut for the Mets, who lost for just the third time in the last 15 games. New York began play Saturday holding the final wild card spot in the National League, one game ahead of the Braves.
With his team down 4-0, Harper launched the first of his two drives off starter Luis Severino with one out in the fourth, a 397-foot opposite-field drive off an 85-mph changeup. He pulled Philadelphia within 4-3 in the sixth with a two-run shot off an 87-mph slider that came on a 3-2 count. The two-time NL MVP, who hadn't homered since Aug. 9, has 28 home runs on the year.
“It felt like a playoff atmosphere, felt like a big situation,” Harper said. “I love that.”
Philadelphia went ahead in the seventh. Danny Young (4-1) surrendered a pair of singles to Bryson Stott and Realmuto to start the frame, with both advancing on Brandon Marsh’s sacrifice bunt. Young slammed his glove and hat into the bench in New York’s dugout in frustration after being lifted by manager Carlos Mendoza for Reed Garrett.
Garrett struck out pinch-hitter Weston Wilson before Stevenson clubbed a 3-2, 92-mph cutter to the wall in right to score Stott and Realmuto.
“Just a huge at-bat by him,” Harper said.
Jeff Hoffman pitched a scoreless eighth, and Carlos Estévez finished it in the ninth for his 26th save in 31 chances and sixth in eight tries since joining the Phillies prior to the trade deadline.
Hoffman got some help from Stevenson in center field when he robbed J.D. Martinez of a home run with a leaping catch at the wall for the first out of the eighth.
Orion Kerkering (5-2) worked a 1-2-3 seventh after Taijuan Walker tossed three scoreless innings in relief of starter Kolby Allard.
New York gave Severino a four-run cushion. Marte worked a bases-loaded walk in the first before hitting a two-run triple off Allard in the Mets’ three-run third inning to continue his success against Philadelphia. Marte is batting .375 in his career against the Phillies.
Allard, the fourth different No. 5 starter used in as many trips through the rotation, lasted just three innings, surrendering three earned runs on five hits with three walks and three strikeouts. Walker, whom the Phillies signed to a four-year, $72 million free-agent deal prior to the 2023 season, excelled in his new role after getting demoted to the bullpen due to ineffectiveness as a starter.
“He's a great teammate,” Phillies manager Rob Thomson said of Walker. “He's handled this like a pro.”
Walker was happy to contribute in a positive way.
“It feels good,” he said. “I feel like I haven't done a good job of helping the team this year. Today was the best I felt all year."
Acuña recorded his first hit with a single to center field off Walker leading off the fourth and started the ninth with a single to center off Estévez. Acuña, a younger brother of Atlanta Braves star Ronald Acuña Jr., is one of the organization’s top prospects. He hit .258 with 40 steals while splitting time among second base, shortstop and center field with Triple-A Syracuse.
“Good to see him fight and get us going in the ninth,” Mendoza said. “I thought he was good.”
Acuña, 22, started at shortstop and batted ninth. He came over when the Mets traded Max Scherzer to Texas in July 2023. Acuña was promoted one day after All-Star shortstop Francisco Lindor left Friday night’s 11-3 victory against the Phillies in the seventh inning because of lower back soreness. Mendoza said the move was precautionary following the game and made the decision to give Lindor another day of rest and recovery.
Severino gave up three runs on six hits with five strikeouts and a walk in six innings. The 30-year-old right-hander made two All-Star teams with the Yankees before signing a one-year, $13 million deal in the offseason with the Mets after struggling to an injury-plagued season and 6.65 ERA in 2023.
TRAINER’S ROOM
Phillies: 3B Alec Bohm (left hand strain) and INF Edmundo Sosa (back spasms) played for Triple-A Lehigh Valley in rehab assignments on Saturday. ... Harper winced while batting in the eighth, flexing his right arm. He recently told MLB.com that he was playing with a sore wrist and sore right elbow.
Mets: Marte was drilled on the left forearm by a 95-mph sinker from Hoffman in the eighth but stayed in the game.
UP NEXT
Mets LHP David Peterson (9-2, 2.98) opposes Philadelphia LHP Cristopher Sánchez (10-9, 3.33) in the finale of the three-game series on Sunday afternoon.
AP MLB: https://apnews.com/hub/mlb
New York Mets' Mark Vientos, left, scores past Philadelphia Phillies' J.T. Realmuto, right, during the third inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
New York Mets' Jose Iglesias, left, scores after Philadelphia Phillies' Kolby Allard, right, walked Mets' Starling Marte with the bases loaded during the first inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
New York Mets' Brandon Nimmo, right, high-fives Francisco Alvarez (4) after scoring during the third inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
Philadelphia Phillies' Cal Stevenson reacts after hitting a two-run double off New York Mets' Reed Garrett during the seventh inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
Philadelphia Phillies' Cal Stevenson, right, watches his two-run double off New York Mets' Reed Garrett during the seventh inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
Philadelphia Phillies' Bryce Harper, right, watches his two-run home run off New York Mets' Luis Severino during the sixth inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
Philadelphia Phillies' Bryce Harper reacts after hitting a two-run home run off New York Mets' Luis Severino during the sixth inning of a baseball game, Saturday, Sept. 14, 2024, in Philadelphia. (AP Photo/Derik Hamilton)
