Cooper Industries Announces Executive Appointments

Published on Tuesday, 10 January 2012 18:18 Written by TradersHuddle Staff

Structure Emphasizes Global Growth Opportunities

DUBLIN, Jan. 10, 2012 /PRNewswire/ -- Cooper Industries plc (NYSE: CBE) announced the appointment of Grant Gawronski to Group President, responsible for the Cooper Crouse-Hinds, Cooper Safety and Cooper B-Line divisions.  In addition, Ivo Jurek is appointed Group President, responsible for Cooper Power Systems and Cooper Bussmann Divisions.  Both will be presenting at Cooper's Investor Outlook Meeting in New York on February 28th.

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"We have exciting global growth opportunities as our customers and business partners seek innovative solutions transcending our historical divisional structures.  This structure aligns support for major industrial infrastructure elements of our business, including Oil & Gas, heavy process and mining and creates opportunities for us in Industrial Automation, Reliability, Alternative Energy and Energy Storage, Monitoring and Control. These leadership changes facilitate cross-divisional collaboration as we invest globally in new markets and new verticals," said Cooper Industries Chairman and Chief Executive Officer Kirk S. Hachigian.

About Cooper Industries

Cooper Industries plc (NYSE: CBE) is a global electrical products manufacturer with 2010 revenues of $5.1 billion.  Founded in 1833 Cooper's sustained success is attributable to a constant focus on innovation and evolving business practices, while maintaining the highest ethical standards and meeting customer needs.  The Company has seven operating divisions with leading market positions and world-class products and brands, including Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products.  With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety.  In 2010 fifty-nine percent of total sales were to customers in the industrial and utility end-markets and thirty-nine percent of total sales were to customers outside the United States.  Cooper has manufacturing facilities in 23 countries as of 2010.  For more information, visit the website at www.cooperindustries.com.

For information contact:

Kyle McClure

Director, Treasury and Investor Relations

Cooper Industries

713-209-8631

This e-mail address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE Cooper Industries plc