SPX Appoints Four New Executive Officers – CNNMoney

CHARLOTTE, N.C., Dec. 18, 2014 /PRNewswire/ — SPX Corporation (NYSE: SPW) today announced that Gene Lowe, Marc Michael, Tony Renzi and David Wilson have each been appointed as an Executive Officer of SPX. 

Chris Kearney, Chairman, President and Chief Executive Officer of SPX, stated, “Gene, Marc, Tony and David have been instrumental in driving improved operational performance in their respective businesses over the past two years and have also demonstrated a strong, long-term commitment to SPX.  Their appointment as Executive Officers is a testament to the strength and depth of our management team. I am confident that these four highly capable leaders will continue to make meaningful contributions to the success and on-going development of our organization.”

Gene Lowe is currently the President of Thermal Equipment and Services and will serve as the President and CEO of the Future Infrastructure Company upon completion of the spin-off transaction announced on October 29, 2014. He joined SPX as the Vice President of Marketing and Business Development for the Thermal Equipment and Services segment in 2008 and was promoted to President of the Global Evaporative Cooling business in 2010. Prior to joining SPX, Gene held positions with Milliken, Bain & Company and Lazard Technology Partners.

Marc Michael serves as President of Flow Food and Beverage and has been responsible for enhancing project selection and execution, as well as strategically growing the company’s presence in Food and Beverage aftermarket service and components. Marc has extensive experience with emerging markets and managing large projects and operations across EMEA. Previously, he was President of Flow Technology’s EMEA region and President of SPX’s Evaporative and Dry Cooling businesses. Prior to joining SPX in 2003, Marc held positions with General Electric and TDK Corporation.

Tony Renzi serves as President of Flow Power and Energy and is responsible for the successful integration of ClydeUnion, driving improved operational performance and the commercial strategy of SPX’s Flow Power and Energy platform. Tony has more than 30 years of operations experience. Over the years, he has served as President, SPX Dehydration and Filtration; President, SPX Process Equipment; President, APV; and Senior Vice President, Global Operations. Prior to joining SPX in 2003, Tony held roles at James Burn International, Clopay, Breed Technologies, Sundstrand and General Electric.

David J. Wilson serves as President, Flow Industrial and is responsible for driving the strategic direction, global growth and operational performance of Flow’s industrial product lines. During his career, David has held key leadership roles in each of SPX’s operating segments, including serving as President of Asia Pacific for both Flow Technology and the company’s Service Solutions business, the latter of which was sold in 2012. He also served as Vice President of Business Development for the Thermal Equipment and Services segment. Prior to joining SPX in 1998, David held operating and engineering leadership positions at Polaroid Corporation.

About SPX:  Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global, multi-industry manufacturing leader with approximately $5 billion in annual revenue, operations in more than 35 countries and over 14,000 employees. The company’s highly-specialized, engineered products and technologies are concentrated in flow technology and energy infrastructure. Many of SPX’s innovative solutions are playing a role in helping to meet rising global demand for electricity and processed foods and beverages, particularly in emerging markets. The company’s products include food processing systems for the food and beverage industry, critical flow components for oil and gas processing, power transformers for utility companies, and cooling systems for power plants. For more information, please visit www.spx.com.

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SOURCE SPX Corporation





 

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