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On June 1, 2025, I'll have the privilege of becoming the next leader of Eaton. In this role, I look forward to leveraging my nearly three decades of global leadership experience, the last six of which have been spent driving performance improvements at Eaton, to accelerate our company’s growth.
What I have learned throughout my career supports my conviction that the best years for our company are ahead of us. We have transformed ourselves and are well positioned to become the world's premier power management company, defined by market leadership in our core segments and breakthrough innovations in emerging technologies. We are at the epicenter of the growth super cycle that Craig Arnold outlined in his message, driven by megatrends that align perfectly with our unique strengths and capabilities.
I admire what Craig has accomplished as CEO and am personally grateful for his continued mentorship as he passes the torch to me. We are working together to ensure a seamless transition that will maintain our momentum.
Despite our recent successes, I’d like to make it clear that there is no space for complacency in our culture. We have the ambition and the talent to take the company to the next level.
What I also want you to know as an investor is that I am focused on driving long-term shareholder value. Our teams will deliver this value through accelerated growth, margin expansion, and disciplined investment in the future.
My leadership team and I have developed a comprehensive strategy to accelerate our growth and expand margins while strengthening our powerful brand. This strategy centers on three key pillars:
1. Lead for growth: We're building a more agile, customer-centric organization powered by a winning culture. This means fostering innovation, setting industry-leading standards and developing our exceptional talent to meet tomorrow's challenges.
2. Invest for growth: We're strategically deploying capital to expand capacity and to launch innovative products, technologies and systems that allow us to win in the highest growth markets. We're also pursuing strategic M&A opportunities that complement our core capabilities.
3. Execute for growth: We're elevating our operational excellence through enhanced manufacturing efficiency, supply chain optimization and streamlined support functions. By implementing best-in-class processes and leveraging AI across our organization, we are driving sustainable margin expansion and delivering consistent results.
Our strategy builds on our foundation as a global leader in power management. Through disciplined capital allocation, operational excellence and our deep technical expertise, we will accelerate growth and create sustained value for you and all our stakeholders.
Our vision for the future is clear: to be the partner of choice for customers, the employer of choice for talent and the investment of choice for shareholders.
Thank you for your continued confidence in Eaton and the exciting future we're building together.
Paulo Ruiz
President and COO, Eaton
