- Signs for push-out forces
- After almost ten years on the job
- Praise for Crandall
- Patrick Goris taking over
- Crandall will remain as senior vice president, Control Products & Solutions at Rockwell
(management-change.com) — Milwaukee, Wisconsin, January 11, 2017 — Ted Crandall, finance chief of Rockwell, leaves the position. It is a change at short notice. As announced by Rockwell Automation Inc. in a news release and in a regulatory filing published on Wednesday, January 11, 2017, Theodore (Ted) Crandall leaves the post as chief financial officer at the provider of industrial automation and information products in a surprising move after almost ten years on the job, effective February 07, 2017.
Crandall’s duties are taken over by Patrick Goris, currently vice president, investor relations at Rockwell Automation Inc.
Rockwell said: Goris “succeeds Theodore Crandall”.
Crandall will remain as senior vice president, Control Products & Solutions at Rockwell
Crandall will return to his previous role of Senior Vice President, Control Products and Solutions, replacing Kenneth Champa, who will retire later in 2017.
“Thoughtful and long-term leadership succession plan”
The imminent management change is explained as follows. Blake Moret, president and chief executive officer said: “These changes are the result of a thoughtful and long-term leadership succession plan that maximizes the contribution of our experienced leaders while ensuring the continuous addition of new talent and perspectives for our company, customers, partners and investors.”
Share price rise since January 2016
The change follows a rise in the share price of Rockwell Automation Inc. since January 2016.
Chaired by Keith Nosbusch
Rockwell Automation Inc. is chaired by Keith Nosbusch.
Keith Nosbusch became Rockwell Automation’s chief executive officer in February 2004 and stepped down from this role in July 2016. He was elected chairman of the board of directors in February 2005 and continues to serve Rockwell Automation in this role.
CEO: Blake Moret
Blake Moret is President and Chief Executive Officer of Rockwell Automation. He assumed the role on July 1, 2016.
On the job as CFO since 2007
Theodore Crandall has served as Senior Vice President and Chief Financial Officer of the Company since April 2007.
Crandall will continue to report to Moret and lead the overall strategy and growth of CP&S, which provides intelligent motor control products, industrial components, automation solutions and consulting services to customers around the world.
Crandall’s career at Rockwell Automation has spanned more than 35 years in a broad range of finance, operations and general management roles.
Crandall has been chief financial officer since 2007, having served previously as senior vice president of CP&S, the role to which he is now returning.
Signs for push-out forces
It is not completely certain what forces eventually triggered Ted Crandall’s move.
The Push-out Score™ determined by management-change.com suggests that push-out forces may have contributed to the management change.
Read the full story in the management-change.com report 03.2017 ($).