Hubbell Incorporated Announces Stepping Down of Pete Lau, President of Hubbell’s Electrical Solutions Segment, Effective September 30, 2022
September 28, 2022 at 01:35 am IST
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Hubbell Incorporated announced that Pete Lau has stepped down as President of Hubbell's Electrical Solutions segment, effective September 30, 2022. His departure follows a mutual determination by the Company and Mr. Lau to transition HES to new leadership. Mr. Lau will be pursuing opportunities outside the Company following his departure.
Hubbell has initiated a search to identify the next leader for HES, and the Company expects to consider both internal and external candidates for the role. During this interim period, the leaders of the segment's four strategic business units will report directly to Gerben Bakker, Hubbell's Chairman, President and CEO.
Hubbell Incorporated specializes in the design, manufacture and distribution of equipment used in the transmission of electricity. Net sales break down by family of products as follows:
- equipment for electricity distribution networks (60.7%): switches, surge arresters, insulators, bushings, fastening and insulation systems, sensors, transformers, disconnectors, meters, devices for underground installations, equipment for power lines and poles, etc.;
- equipment for electrical installations (39.3%): switches, recharging stations, relays, fittings, contactors, sockets, resistors, wall plates, boxes, lighting systems, cable management systems, control panels, etc. used in the industrial, residential, IT, hospital, energy, telecommunications and other sectors.
At the end of 2023, Hubbell Incorporated has 52 production sites worldwide.
The United States accounts for 91.6% of net sales.
HUBBELL INCORPORATED 
