Franklin Electric(FELE) Newsfilter·2024-05-14 12:00Core Insights - Franklin Electric Co., Inc. has appointed Joe Ruzynski as the new Chief Executive Officer, effective July 1, 2024, succeeding Gregg Sengstack, who will remain as Executive Chairperson [1][3]. Leadership Transition - Joe Ruzynski brings over 25 years of experience in the industrial and electrical sectors, previously serving as President of the Enclosures Segment at nVent Electric plc and holding various leadership roles at Pentair plc [2]. - Gregg Sengstack has led Franklin Electric since 2014 and has been pivotal in transforming the company into a global leader in water and energy systems, achieving record revenues and expanding its global footprint [4]. Company Overview - Franklin Electric is recognized as a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications [5]. - The company has received accolades such as being listed in Newsweek's America's Most Responsible Companies and Most Trustworthy Companies for 2024, as well as being recognized as one of the Best Places to Work in Indiana 2024 [5].