ST.
LOUIS, May 8, 2024 /PRNewswire/ -- 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."
About Calvin Butler
Calvin Butler currently serves as
President and Chief Executive Officer of Exelon, the nation's
largest utility company by customer count. He leads the company's
Executive Committee and is a member of its Board of Directors.
Prior to his role as CEO, Butler was President and Chief Operating
Officer, with responsibilities for Exelon's six local energy
companies. Previous roles at the company include CEO and Senior
Vice President of Corporate Affairs at BGE and Vice President of
Governmental and Legislative Affairs at ComEd. Before joining
Exelon in 2008, Butler held senior leadership roles at R.R.
Donnelley and prior to that, worked in government affairs, legal
and strategy at Central Illinois Light Company.
He has been recognized by several organizations for his
leadership and community commitment. The Daily Record listed
him three times as one of Maryland's "Most Admired CEOs." In 2020 –
2024, he was named among Savoy magazine's "Most Influential Black
Executives in Corporate America" and in 2024 was featured on its
cover.
Butler serves as chair of the Cal Ripken Sr. Foundation, serves
as vice chair of the Board of Directors for the Edison Electric
Institute and the Institute of International
Education and is on the Board of Governors for Argonne
National Laboratory. Butler earned a bachelor's degree from
Bradley University in Peoria, Ill., and a Juris Doctor degree from
Washington University School of Law in
St. Louis, Missouri.
About Emerson
Emerson (NYSE: EMR) is a global technology and software company
providing innovative solutions for the world's essential
industries. Through its leading automation portfolio, including its
majority stake in AspenTech, Emerson helps hybrid, process and
discrete manufacturers optimize operations, protect personnel,
reduce emissions and achieve their sustainability goals. For more
information, visit Emerson.com.
Emerson uses our Investor Relations website,
www.Emerson.com/investors, as a means of disclosing information
which may be of interest or material to our investors and for
complying with disclosure obligations under Regulation FD.
Accordingly, investors should monitor our Investor Relations
website, in addition to following our press releases, SEC filings,
public conference calls, webcasts, and social media. The
information contained on, or that may be accessed through, our
website is not incorporated by reference into, and is not a part
of, this document.
Contacts
Investors
Colleen Mettler
(314) 553-2197
Media
Joseph Sala / Greg Klassen
Joele Frank, Wilkinson Brimmer
Katcher
(212) 355-4449
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SOURCE Emerson