Franklin Electric Co., Inc. Announces Retirement of Donald Kenney as President, Global Water
August 04, 2023 at 12:27 pm EDT
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Franklin Electric Co., Inc. announcing that, effective July 31, 2023, Donald Kenney retired from his positions as Vice President of the Company and President, Global Water. In connection with his planned retirement, Mr. Kenney entered into a Consulting Agreement with the Company, effective August 1, 2023. Pursuant to the Agreement, Mr. Kenney will provide consulting and transition services, as requested by the Company, for a fee of $15,000 per month through December 31, 2023.
Franklin Electric Co., Inc. designs, manufactures and distributes water and fuel pumping systems, composed primarily of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. The Companyâs water pumping systems move fresh and wastewater to the residential, agricultural and other industrial end markets. The Company's segments include Water Systems, Fueling Systems, and Distribution. Water Systems produces and markets water pumping systems and is a technical service for submersible motors, pumps, drives, electronic controls, water treatment systems, and monitoring devices. The Fueling Systems segment designs, manufactures and sells pumps, motors, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices and related parts and equipment primarily for use in fueling system applications. The Distribution segment operates as a collection of wholly owned groundwater distributors known as the Headwater Companies.