Rockwell Automation Announces New Chief Financial Officer
PR88120
MILWAUKEE, Feb. 17, 2021 /PRNewswire=KYODO JBN/ --
Nicholas Gangestad to join the company on March 1
Rockwell Automation, Inc. (NYSE:ROK), the world's largest company dedicated to
industrial automation and digital transformation, announced today that Nicholas
Gangestad will join the company as Senior Vice President and Chief Financial
Officer on March 1. He will report to Rockwell Chairman and CEO Blake Moret.
Logo-https://mma.prnewswire.com/media/1323813/Rockwell_Automation_Logo.jpg
Gangestad joins Rockwell after a long career with 3M, where he most recently
served as the company's Chief Financial Officer and oversaw all aspects of the
financial organization including compliance, financial planning, treasury, and
tax. Before his promotion to CFO in 2014, Gangestad served as 3M's Chief
Accounting Officer, Corporate Controller, and also held global financial
management roles overseeing teams and developing talent in Canada, Latin
America, and Asia Pacific.
"Nick's leadership experience, strong finance background, and deep
understanding of our industrial customers will help Rockwell Automation drive
its strategic vision and accelerate profitable growth," Moret said. "We are
thrilled to welcome him to a dynamic leadership team focused on generating
superior customer and shareowner value."
"It's an honor to become part of the Rockwell team. They have already
accomplished so much as a leader in industrial automation and I'm very excited
to be joining at a time when software is becoming an increasingly important
part of the business," Gangestad said. "I'm energized by Rockwell's people, its
mission, and its strategies to improve productivity and sustainability for its
customers. I look forward to working with the Rockwell team in achieving its
vision for the future."
Gangestad received an undergraduate degree from Augsburg University in
Minneapolis and an MBA from the University of Minnesota.
Gangestad replaces Steve Etzel, who has served as interim CFO since November
2020. Etzel is a 30-year company veteran who postponed his previously announced
retirement to fill the interim role. He will retire in 2021 after a transition
period.
"Steve Etzel's steady, thoughtful contributions to Rockwell and our
stakeholders have been well-recognized for many years. His willingness to step
up during our CFO transition has been especially appreciated," said Moret. "The
board and I wish him and his family the very best in his retirement."
About Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK), is a global leader in industrial
automation and digital transformation. We connect the imaginations of people
with the potential of technology to expand what is humanly possible, making the
world more productive and more sustainable. Headquartered in Milwaukee,
Wisconsin, Rockwell Automation employs approximately 23,500 problem solvers
dedicated to our customers in more than 100 countries. To learn more about how
we are bringing the Connected Enterprise to life across industrial enterprises,
visit www.rockwellautomation.com
SOURCE Rockwell Automation
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Caption: Nicholas Gangestad, Senior Vice President and Chief Financial Officer
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