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MarketScreener Homepage  >  Equities  >  Nyse  >  NVent Electric plc    NVT   IE00BDVJJQ56

NVENT ELECTRIC PLC

(NVT)
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nVent Electric : Aravind Padmanabhan Named Chief Technology Officer for nVent

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12/02/2019 | 04:31pm EDT

nVent Electric plc (NYSE: NVT) today announced that Aravind Padmanabhan has joined the company as Executive Vice President and Chief Technology Officer (CTO).

Aravind comes to nVent from Honeywell, where he served in a range of global CTO and engineering roles focused on the internet of things, cloud technologies and connectivity to advance customer solutions and experiences. He joined nVent on December 1 to lead the Technology organization, which brings together both Engineering and IT, reporting to Chief Executive Officer Beth Wozniak.

“Aravind is a dynamic, proven leader with an extensive track record of technology development, focused on delivering customer and business value,” Wozniak said. “We are excited for Aravind to join nVent to lead our innovation and digital transformation efforts.”

ABOUT NVENT
nVent is a leading global provider of electrical connection and protection solutions. We believe our inventive electrical solutions enable safer systems and ensure a more secure world. We design, manufacture, market, install and service high performance products and solutions that connect and protect some of the world's most sensitive equipment, buildings and critical processes. We offer a comprehensive range of enclosures, electrical connections and fastening and thermal management solutions across industry-leading brands that are recognized globally for quality, reliability and innovation. Our principal office is in London, United Kingdom and our management office in the United States is in Minneapolis, Minnesota. Our robust portfolio of leading electrical product brands dates back more than 100 years and includes nVent CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER.

nVent, CADDY, ERICO, HOFFMAN, RAYCHEM, SCHROFF and TRACER are trademarks owned or licensed by nVent Services GmbH or its affiliates.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
This press release contains statements that we believe to be “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact are forward looking statements. Without limitation, any statements preceded or followed by or that include the words “targets,” “plans,” “believes,” “expects,” “intends,” “will,” “likely,” “may,” “anticipates,” “estimates,” “projects,” “forecasts,” “should,” “would,” “positioned,” “strategy,” “future,” or words, phrases or terms of similar substance or the negative thereof, are forward-looking statements. All projections in this press release are also forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, assumptions and other factors, some of which are beyond our control, which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors include the ability to realize the anticipated benefits from our separation from Pentair (the “Separation”); adverse effects on our business operations or financial results; the ability of our business to operate independently following the Separation; overall global economic and business conditions impacting our business; the ability to achieve the benefits of our restructuring plans; the ability to successfully identify, finance, complete and integrate acquisitions, including the acquisition of Eldon Holding AB (“Eldon”); competition and pricing pressures in the markets we serve, including the impacts of tariffs; the strength of housing and related markets; volatility in currency exchange rates and commodity prices; inability to generate savings from excellence in operations initiatives consisting of lean enterprise, supply management and cash flow practices; increased risks associated with operating foreign businesses; the ability to deliver backlog and win future project work; failure of markets to accept new product introductions and enhancements; the impact of changes in laws and regulations, including those that limit U.S. tax benefits; the outcome of litigation and governmental proceedings; and the ability to achieve our long-term strategic operating goals. Additional information concerning these and other factors is contained in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K, as amended. All forward-looking statements speak only as of the date of this press release. nVent assumes no obligation, and disclaims any obligation, to update the information contained in this press release.


© Business Wire 2019
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Financials (USD)
Sales 2020 2 271 M
EBIT 2020 439 M
Net income 2020 -
Debt 2020 877 M
Yield 2020 5,04%
P/E ratio 2020 -
P/E ratio 2021 -
EV / Sales2020 1,60x
EV / Sales2021 1,53x
Capitalization 2 756 M
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Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 28,00  $
Last Close Price 16,26  $
Spread / Highest target 96,8%
Spread / Average Target 72,2%
Spread / Lowest Target 35,3%
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Managers
NameTitle
Beth A. Wozniak Chief Executive Officer & Director
Randall J. Hogan Non-Executive Chairman
Sara E. Zawoyski Chief Financial Officer, Treasurer & Executive VP
Aravind Padmanabhan Chief Technology Officer & Executive VP
Brian Michael Baldwin Independent Director
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