Franklin Electric Appoints Joe Ruzynski as CEO; Gregg Sengstack Remains Executive Chairperson

Published On: May 15, 2024By Categories: Newsline

Franklin Electric announced on May 15 that its Board of Directors has appointed Joe Ruzynski as CEO and a member of the Board, effective July 1. Gregg Sengstack, who has served as CEO since 2014 and chairperson since 2015, will continue as executive chairperson.

Ruzynski, 49, joins Franklin Electric from nVent Electric plc, a global provider of electrical connection and protection solutions, where he served as president of the Enclosures Segment since 2018. Prior to that, he held various leadership roles at Pentair plc, a global water technology company, including president of Technical Solutions and president of Flow and Filtration Solutions. He has more than 25 years of experience in the industrial and electrical sectors.

“Joe is a proven leader with a deep understanding of our markets, customers, and technologies. He has demonstrated his ability to execute strategic initiatives that enhance value for all stakeholders. We are confident that he is the right person to lead Franklin Electric into the next phase of growth and innovation,” Sengstack says. “I look forward to working with Joe and the board to ensure a smooth and successful transition.”

“I am honored and excited to join Franklin Electric as CEO and board member,” Ruzynski says. “Franklin Electric is a respected and trusted brand with a strong heritage and a bright future. I have admired the company’s culture, values, and commitment to excellence for many years. I look forward to working with the talented and dedicated team at Franklin Electric to deliver superior solutions and service to our customers, and create long-term value for our shareholders and employees.”

“On behalf of the board, I want to thank Gregg for his outstanding leadership and contributions to Franklin Electric over the past 35 years, including as our CEO since 2014,” says Jennifer Sherman, lead independent director of Franklin Electric. “He has been instrumental in transforming the company from a submersible motor manufacturer to a global leader in water and energy systems, with a diversified portfolio of products and services. Under his leadership, the company has achieved record revenues, earnings, and cash flows while expanding its global footprint and enhancing its innovation capabilities. We are grateful for his vision, dedication, and guidance.”

Read the Current Issue

you might also like