Franklin Electric Announces Chris Villavarayan Elected to be a Director of the Company
06 Mayo 2022 - 3:00PM
The board of directors of Franklin Electric Co., Inc. (NASDAQ:
FELE) has elected Chris Villavarayan to be a director of the
Company effective May 6, 2022.
Mr. Villavarayan has been the Chief Executive Officer and
President of Meritor, Inc. (NYSE: MTOR) since March 2021. Prior to
his appointment as CEO, Mr. Villavarayan held a number of positions
of increasing responsibility within Meritor, most recently serving
as Executive Vice President and Chief Operating Officer of Meritor
with oversight of the company’s global operations for its Global
Truck and Aftermarket & Industrial business segments.
Mr. Villavarayan earned a Bachelor of Science in Engineering
from McMaster University in Hamilton, Ontario.
Mr. Sengstack, Franklin’s Chairperson and Chief Executive
Officer, commented: “I have confidence that Chris’ extensive
operational and manufacturing experience and his global outlook
will provide a unique perspective to our deliberations. I join my
fellow directors in welcoming Chris to the Board and we look
forward to benefitting from his leadership and expertise.”
About Franklin Electric
Franklin Electric is a global leader in the
production and marketing of systems and components for the movement
of water and fuel. Recognized as a technical leader in its products
and services, Franklin Electric serves customers around the world
in residential, commercial, agricultural, industrial, municipal,
and fueling applications.
Franklin Electric Contact:
Jeffery L. Taylor Franklin Electric Co.,
Inc.260-824-2900Email: jeffery.taylor@fele.com
"Safe Harbor” Statement under the Private
Securities Litigation Reform Act of 1995. Any forward-looking
statements contained herein, including those relating to market
conditions or the Company’s financial results, costs, expenses or
expense reductions, profit margins, inventory levels, foreign
currency translation rates, liquidity expectations, business goals
and sales growth, involve risks and uncertainties, including but
not limited to, risks and uncertainties with respect to general
economic and currency conditions, various conditions specific to
the Company’s business and industry, weather conditions, new
housing starts, market demand, competitive factors, changes in
distribution channels, supply constraints, effect of price
increases, raw material costs, technology factors,
integration of acquisitions, litigation, government and regulatory
actions, the Company’s accounting policies, future trends,
epidemics and pandemics, and other risks which are detailed in the
Company’s Securities and Exchange Commission filings, included in
Item 1A of Part I of the Company’s Annual Report on Form 10-K for
the fiscal year ending December 31, 2021, Exhibit 99.1 attached
thereto and in Item 1A of Part II of the Company’s Quarterly
Reports on Form 10-Q. These risks and uncertainties may cause
actual results to differ materially from those indicated by the
forward-looking statements. All forward-looking statements made
herein are based on information currently available, and the
Company assumes no obligation to update any forward-looking
statements.
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