SPX Enhances Business Development and Strategy Team
September 12 2017 - 4:15PM
SPX Corporation (NYSE:SPXC) today announced the appointment of
Franklin McClelland as Vice President, Business Development and
Strategy.
Mr. McClelland joins SPX Corporation from
Allegion Plc where he was Vice President, Strategy and Business
Development. During his time at Allegion, he was instrumental
in the completion of over 15 transactions which helped transform
the organizational portfolio into a network of market-leading
brands. He brings an extensive skillset in mergers &
acquisitions and strategy acquired through prior experience
including roles at Ingersoll Rand (Allegion’s former parent
company) and The Boston Consulting Group. Franklin holds a BA
from Williams College and an MBA from the Kellogg School of
Management at Northwestern University.
“We are pleased to welcome Franklin to lead our
business development and strategy efforts,” said Gene Lowe, SPX's
President and Chief Executive Officer. “With his extensive
experience in corporate strategy and M&A, Franklin will play a
critical role as we execute on our organic and inorganic growth
initiatives.”
About SPX Corporation: SPX Corporation is
a supplier of highly engineered products and technologies, holding
leadership positions in the HVAC, detection and measurement, and
engineered solutions markets. Based in Charlotte, North Carolina,
SPX Corporation had approximately $1.5 billion in annual revenue in
2016 and more than 5,000 employees in about 15 countries. SPX
Corporation is listed on the New York Stock Exchange under the
ticker symbol “SPXC.” For more information, please visit
www.spx.com.
Investor and Media Contacts:Paul Clegg, VP,
Investor Relations and CommunicationsPhone:
980-474-3806E-mail: spx.investor@spx.com
Pat Uotila, Manager, Investor RelationsPhone:
980-474-3806E-mail: spx.investor@spx.com
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