Franklin Electric Announces Executive Staffing Changes
Effective April 14, 2008, Thomas J. Strupp will step down as Chief Financial Officer and Secretary in order to focus on his position as President, Water Transfer Systems.
Until now Mr. Strupp has held both positions, but with the recent acquisition of the pump division of Monarch Industries Limited, Franklin's Water Transfer Systems business has become larger and more complex, offers attractive opportunities for additional profitable growth, and therefore warrants his full attention. Mr. Strupp has been with Franklin Electric since 2005.
Effective April 14, 2008, John J. Haines will join Franklin Electric as Vice President, Chief Financial Officer and Secretary. He will have responsibility for Franklin Electric's financial reporting, treasury, audit, information systems and investor relation functions. Prior to joining Franklin Mr. Haines was Managing Director and Chief Executive Officer of HSBC Auto Finance. Prior to that, he held a number of executive and financial positions with General Electric. Mr. Haines received his BA in Accounting from Manchester College and his MBA from the Northwestern University, Kellogg Graduate School of Management.
About Franklin Electric
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and automotive fuels. Recognized as a technical leader in its specialties, Franklin serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.
Source: Franklin Electric Co., Inc.
