Eaton Names Krueger Vice President

18 August 1999

Eaton Names Krueger Vice President - Finance and Business Development for Hydraulics, Semiconductor Equipment and Specialty Controls Group

    CLEVELAND--Aug. 18, 1999--Eaton Corporation today announced the appointment of Kenneth W. Krueger as Vice President - Finance and Business Development for the Hydraulics, Semiconductor Equipment and Specialty Controls Group. In this new position, Krueger will report directly to Adrian T. Dillon, Executive Vice President - Chief Financial and Planning Officer, and indirectly to Brian R. Bachman, Senior Vice President and Group Executive, Hydraulics, Semiconductor Equipment and Specialty Controls Group.
    Krueger joins Eaton after a 16-year career with Rockwell International, where he most recently served as Vice President, Finance and Administration for Rockwell Automation. He joined Rockwell in 1983 from KPMG Peat Marwick LLP. In 1985, Krueger was named Director, Accounting and Planning for Rockwell International, and helped lead the integration efforts following Rockwell's purchase of Allen-Bradley. Krueger also served as Vice President, Finance - International for Rockwell Automation before assuming his most recent position in 1994. He is a graduate of the University of Wisconsin - Milwaukee with a concentration in accounting and information systems, and is a CPA.
    Said Dillon, "Ken brings to Eaton a quick intellect and a winning manner. With his experience as operational CFO at Rockwell, Ken has both the depth and breadth of experience across finance, accounting and business development critical to being a full business partner with Brian and his operational team."
    "Ken's leadership experience with software and systems, complex sales channels and international enterprises will be a valuable asset," said Bachman. "His proven skills in business development will be instrumental in helping us achieve global growth."
    Eaton is a global manufacturer of highly engineered products that serve industrial, vehicle, construction, commercial, aerospace and semiconductor markets. Principal products include hydraulic products and fluid connectors, electrical power distribution and control equipment, truck drivetrain systems, engine components, ion implanters and a wide variety of controls. Headquartered in Cleveland, the company has 65,000 employees and 215 manufacturing sites in 25 countries around the world. Eaton's sales for 1998 were $6.6 billion. On April 9, 1999, Eaton acquired Aeroquip-Vickers, Inc., which had sales of $2.1 billion in 1998. The Internet address for Eaton is: http://www.eaton.com/