Appointments underscore Board's commitment to ongoing
refreshment
ST.
LOUIS, May 2, 2023 /PRNewswire/ -- Emerson (NYSE:
EMR) today announced the appointments of Leticia Gonçalves and
Jim McKelvey to its Board of
Directors, effective May 2, 2023.
Upon the addition of Gonçalves and McKelvey, the Emerson Board will
expand to 13 members.
"We are pleased to welcome Leticia and Jim to the Emerson
Board," said James Turley, chair of
the Emerson Board of Directors. "Leticia's experience leading
global teams, driving technology development and accelerating
change make her an excellent addition to our Board of Directors. As
an experienced entrepreneur, Jim brings a unique,
innovation-focused perspective to Emerson as the company continues
to invest in technology and R&D across its automation
portfolio. These appointments underscore the Emerson Board's
commitment to ongoing refreshment, and we are confident we will
benefit from Jim and Leticia's perspectives as we advance on our
portfolio journey."
"I look forward to working closely with Leticia and Jim as we
focus on driving execution following our recent acquisitions," said
Lal Karsanbhai, president and chief executive officer. "Leticia
brings a proven international track record and growth focus to
Emerson as we continue our transformation into a high-growth
automation leader. Her leadership and dedication to advocating for
diversity and inclusion will also provide invaluable insights as
Emerson continues to transform and modernize our culture. Jim's
passion and energy for technology has been proven throughout his
career as co-founder of Block, LaunchCode and Invisibly. His
expertise in software, cloud and cybersecurity will benefit Emerson
in our continued push to provide customers with leading software
and digital solutions."
"I am excited to join the Emerson Board as it continues to drive
operational excellence and innovation, and progresses on its
transformation into a more profitable, higher-growth automation
leader," said Leticia Gonçalves. "Emerson has actively evolved its
portfolio over the last 18 months, and I am energized about the
opportunities ahead as the Company looks to integrate and realize
the many compelling synergy opportunities following its recent
acquisitions."
"I have closely followed Emerson's recent portfolio
transformation into a more focused-automation leader and I am
honored to join the Board as the company accelerates its
investments in research, development and engineering," said Mr.
McKelvey. "I look forward to leveraging my experience to support
the work of the talented Emerson team as they deliver new
breakthrough technologies and enhance the value Emerson brings to
companies and manufacturers across the globe."
In addition to the new director appointments, the Board has
formed a Technology and Environmental Sustainability Committee (the
"Committee"). The Committee will oversee investments related to
technology and R&D, ensure best-in-class cybersecurity
practices, and help guide Emerson's environmental sustainability
goals and programs. Gonçalves and McKelvey will both serve on this
Committee.
About Leticia Gonçalves
Leticia Gonçalves is the
President, Global Foods for Archer Daniels Midland Company (ADM)
and a member of the Company's Executive Council. At ADM, she
oversees the Company's international portfolio of food ingredients
and solutions. Prior to joining ADM, Gonçalves spent more than 20
years at Monsanto and three years at Bayer following its
acquisition of Monsanto, with roles in digital solutions,
commercial operations, international management and technology
development. She is also a longtime advocate and driver of
diversity and inclusion, participating in the Conference Board's
Global Women's Leaders Council in Europe. In December
2022, Gonçalves was recognized by Bloomberg Línea as one of
the 100 Most Influential Latinos around the world.
She is a member of the Board of Directors of Future Meat, a
leading cultured meat biotechnology Company. Gonçalves holds a
bachelor's degree in chemical engineering from Universidade de São
Paulo, Brazil and an executive MBA
from the Katz Graduate School of Business at
the University of Pittsburgh.
About Jim
McKelvey
Jim McKelvey
is a successful entrepreneur who has founded several companies,
including Block (formerly known as Square) and Invisibly, Inc., a
technology startup that is revolutionizing how consumers derive
value from personal data and access premium content online.
McKelvey is also a co-founder of Fintop Capital, a venture capital
firm focused on financial technologies.
McKelvey is a member of the Board of Directors of Block, a
trustee of Washington University, and
Founder and Chairman of LaunchCode. McKelvey is also Chair of the
Federal Reserve Bank of St. Louis.
He holds bachelor's degrees in computer science and economics from
Washington University in St. Louis.
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.
Forward-Looking and Cautionary Statements
Statements
in this press release that are not strictly historical may be
"forward-looking" statements, which involve risks and
uncertainties, and Emerson undertakes no obligation to update any
such statements to reflect later developments. These risks and
uncertainties include the Company's ability to successfully
complete on the terms and conditions contemplated, and the
financial impact of, the proposed Climate Technologies transaction
and the proposed National Instruments transaction, the scope,
duration and ultimate impacts of the COVID-19 pandemic and the
Russia-Ukraine conflict, as well as economic and
currency conditions, market demand, including related to the
pandemic and oil and gas price declines and volatility, pricing,
protection of intellectual property, cybersecurity, tariffs,
competitive and technological factors, inflation, among others, as
set forth in the Company's most recent Annual Report on Form 10-K
and subsequent reports filed with the SEC. The outlook contained
herein represents the Company's expectation for its consolidated
results, other than as noted herein.
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SOURCE Emerson