Emerson announced that Mike Baughman, vice president, controller and chief accounting officer, has been promoted to executive vice president, effective May 10. He succeeds Frank Dellaquila, who will be retiring after 32 years with the company. To ensure a seamless transition, Dellaquila will serve as senior advisor to the CEO through Emerson's fiscal year end.

Baughman will continue to serve as chief accounting officer for the company. Since joining Emerson in October 2017, Baughman has been a key member of Emerson's finance organization and has worked closely with the leadership team on the company's recent portfolio transformation. He brings more than 35 years of financial and operational experience to the role, including a 14-year tenure at Baxter International Inc., where he held roles of increasing responsibility including controller, vice president of finance – Medical Products, and vice president of finance – Operations, Quality and R&D. Baughman began his career in public accounting as a CPA and spent 16 years at PwC, including five years as a partner, where he assisted corporate and private equity clients with buy-side and sell-side diligence, as well as acquisition integration.

Baughman earned a bachelor's degree in business administration from the University of Michigan.