Eaton's Chief Financial & Planning Officer to Leave Company

    CLEVELAND--Nov. 12, 2001--Diversified industrial manufacturer Eaton Corporation today announced that Adrian T. Dillon, Executive Vice President and Chief Financial & Planning Officer, will leave Eaton on November 30, 2001 to take a position with another company.
    Dillon has responsibility for the accounting, controller, corporate development, information systems, investor relations, strategic planning, tax and treasury functions. A search process is underway to identify his successor.
    "Adrian's financial and strategic skills have been of tremendous value to the company," said Alexander M. Cutler, Eaton Chairman and Chief Executive Officer. "He has had a significant impact on Eaton's growth and diversification, and has been a respected colleague of two chairmen. We thank Adrian for his 22 years of service to Eaton and wish him the very best."

    Eaton Corporation is a global $8 billion diversified industrial manufacturer that is a leader in fluid power systems, electrical power quality, distribution and control, automotive engine air management and fuel economy, and intelligent truck systems for fuel economy and safety. Eaton has 51,000 employees and sells products in more than 50 countries. For more information, visit www.eaton.com.