The Vehicle Group will be led by Joseph Palchak, current president of the Automotive Group. The group will continue to report into the Industrial Sector, along with Eaton's aerospace and hydraulics businesses.
"In today's challenging business environment, we must identify opportunities to reduce costs, develop technologies, build global capacity, and more effectively cross-market our products and solutions," said Craig Arnold, vice chairman and chief operating officer of Eaton's Industrial Sector.
Palchak was appointed president of the automotive business in June 2008 after leading the Automotive Group's Engine Air Management business since 2005. He has also served as president of Eaton's Powertrain and Specialty Controls operations. He has been with Eaton since 1973, serving in numerous positions within its automotive and truck businesses. Palchak graduated from Susquehanna University in Pennsylvania with a bachelor's degree in business. He also earned a master's in business administration from the University of Louisville.
"Joe's significant leadership experience and successful track record within our automotive business, and his prior years in the truck organization, will serve us well as Eaton addresses the challenges within the global commercial and passenger vehicle industry," said Arnold.
Externally, Eaton will continue to report financial results for six segments, including Electrical Americas, Electrical Rest of the World, Hydraulics, Aerospace, Truck and Automotive.
More info: www.eaton.com.