Eaton Names Jim Ward Vice President, Finance Transformation
Date: December 19, 2012
DUBLIN … Diversified industrial manufacturer Eaton Corporation plc has named Jim Ward vice president, Finance Transformation, effective Jan. 1, 2013. He reports to Billie Rawot, senior vice president and controller, and will relocate to Eaton Center in Cleveland, Ohio.
In this new role, Ward will be responsible for global leadership of the Oracle Version 12 upgrade program for Eaton's global finance function. In addition, he will work closely with global I.T., shared service process leaders and finance representatives from the operations and corporate finance functions including Accounting, Tax, and Treasury. Early in 2013, he will expand the project team, as well as appoint a consultant to assist with the implementation and integration project.
Ward was most recently vice president, Accounting Operations for Eaton's Europe, Middle East and Africa region. He joined Eaton in 1997 as a process leader in the European Shared Service Center (ESSC) in Glasgow, Scotland. In 2003, he became the director of the ESSC, and in 2008 became vice president of the international shared service center organization including the centers in Glasgow, Scotland; Pune, India; and Suzhou, China. Prior to joining Eaton, Ward held positions as controller at Seagate and audit manager at Price Waterhouse. He holds a bachelor's degree in accountancy from Glasgow University in Scotland and is a U.K. chartered accountant.
Eaton Corporation plc is a diversified power management company providing energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power. The company is a global technology leader in electrical products, systems and services for power quality, distribution and control, power transmission, lighting and wiring products; 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 acquired Cooper Industries plc in 2012. The new company, Eaton Corporation plc, has approximately 100,000 employees and sells products to customers in more than 150 countries.
Eaton Corporation plc is a diversified industrial group organized around 4 families of products:
- distribution, control and electric protection systems and component (69.1% of net sales): low tension electric appliances, breakers, UPS, modulators, industrial automatisms, etc.;
- aerospace systems (14.7%): fuel power systems, hydraulics and pneumatic systems for commercial and military aircrafts, men/machine interfaces, propellant systems, switching and electrical protection equipment, etc.;
- air managing systems for automotive engines (13.6%). The group also offers transmission systems for trucks;
- hydraulics system and component (6.6%): activity sold on 08/02/2021;
- other (2.6%).
Net sales are distributed geographically as follows: the United States (59.5%), Europe (19.1%), Asia/Pacific (10.5%), Latin America (7.3%), and Canada (3.6%).