Emerson Announces Management Promotions

Craig Ashmore joins Office of Chief Executive; Ed Feeney and Jay Geldmacher to head Emerson Network Power

ST. LOUIS.– Emerson (NYSE:EMR) announced today that Craig W. Ashmore will become a member of the company’s Office of Chief Executive (OCE). Also, Edward K. Feeney and Jay L. Geldmacher have been named executive vice presidents of the company and will serve as business leaders for the Emerson Network Power business platform.

In announcing the promotions, Emerson Chairman, CEO and President David N. Farr said it recognizes their many years of significant contributions and leadership. “All three are strong leaders with proven capabilities to manage our businesses for growth,” Farr said. “Ed and Jay have vast experience and are leaders in the industries they serve, and Craig’s considerable skills and varied background make him a valuable addition to our senior leadership team.”

Ashmore, senior vice president for planning and development, manages Emerson’s strategic planning, mergers and acquisitions, and corporate technology functions, as well as Emerson Network Power’s connectivity solutions business. He will join Emerson’s senior management team as the fifth member of the OCE, along with Farr; Walter J. Galvin, senior executive vice president and chief financial officer; Edward L. Monser, chief operating officer; and Charles A. Peters, senior executive vice president. Prior to his current position, which he has held since 2004, Ashmore served as group vice president of Emerson Telecommunication Products and from 2001 to 2003 was vice president of corporate profit planning. He previously was president of the Fisher Regulators and Fusite divisions and before that served as director of investorrelations. He joined the company in 1991 as strategic planner and early in his career held a number of marketing and management positions. He earned his bachelor’s degree in mechanical and civil engineering at the University of Connecticut and an M.B.A degree from Harvard Business School.

Feeney, who had been senior vice president, heads Emerson Network Power’s Systems Group, which provides uninterruptible power, precision cooling, D/C power systems and comprehensive services for data center, computing and telecommunications customers around the world. Feeney began his career with Liebert as vice president of engineering in 1972 and held various executive positions at Liebert in domestic and international sales, international development, corporate development and corporate planning. After Liebert was acquired by Emerson in 1987, Feeney was promoted to president of Liebert North America in 1990. He later served as president of Liebert Worldwide and F.G. Wilson before being named a group vice president in 1999. Feeney attended the University of Miami and the University of Pittsburgh, where he received a bachelor’s degree in mechanical engineering in 1972.
Geldmacher, who had been group vice president, is president of Emerson Network Power’s Embedded Computing & Power Group. Its businesses, Astec and Artesyn, provide power conversion & computing products, a significant and growing segment. Geldmacher joined Emerson in January 1996, and before that he served in various management capacities with Knowles Electronics. Geldmacher attended the University of Arizona where he received a bachelor’s degree in marketing, followed by an executive Master of Business Administration degree from the University of Chicago. He currently serves on the advisory boards for the undergraduate and graduate programs of the Eller Business School at the University of Arizona.