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Franklin Electric Announces Renee Peterson Elected to be a Director of the Company

10.09.2015

The board of directors of Franklin Electric has elected Renee Peterson to be a director of the company effective September 1, 2015.

Ms. Peterson was elected Vice President, Finance and CFO of The Toro Company (NYSE:TTC) in 2011. She was appointed as Toro s Treasurer in 2013. Prior to joining The Toro Company, Ms. Peterson was the Vice President of Finance and Planning at Eaton Corporation, where she provided finance and business development leadership to the Truck and Automotive segments. Ms. Peterson began her career at Eaton Corporation in 2008 as Vice President, Finance, Information Technology and Business Development. Prior to that, Ms. Peterson was Vice President, Finance of Honeywell International, where she had been employed since 1983 holding various finance positions.

Ms. Peterson earned a BBA in Accounting from Saint Cloud State University and an MBA from the University of Minnesota – Carlson School of Management.

The election of Ms. Peterson to the Board of Directors is in anticipation of a current director attaining mandatory retirement age within six months.

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The global industrial pump control panels market size is expected to cross a valuation of US$ 1.6 billion in 2023. It is anticipated to surpass a valuation of around US$ 2.6 billion by 2033.
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