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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric Co.    EMR

EMERSON ELECTRIC CO.

(EMR)
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Emerson Electric : Names Akberet Boykin Farr as Vice President of Diversity and Social Responsibility | US

11/10/2020 | 04:58am EST

ST. LOUIS -- Emerson today announced the appointment of Akberet Boykin Farr as vice president of diversity and social responsibility, effective December 1, 2020.

Boykin Farr, who has managed the company's internal diversity and inclusion programs since 2017, will continue to oversee the D&I function. In her new role, she will also manage the Emerson Charitable Trust, coordinate the company's corporate social responsibility reporting and serve as community liaison in St. Louis, the global headquarters of the Fortune 200 company. She will take over CSR duties from Dave Rabe, who is retiring in December after 36 years with Emerson, most recently serving as vice president of corporate social responsibility the past four years.

"Akberet is a proven leader and strategist who has been at the forefront of our D&I initiatives and has contributed to the shaping of our internal and external CSR strategies. She also knows St. Louis and will be able to build on the strong relationships Dave Rabe has established for Emerson throughout the community," said Emerson Chairman and CEO David N. Farr. "Bringing together oversight of our D&I and social responsibility strategies and initiatives is a logical evolution that will further align these efforts with our values and drive continued progress for the benefit of all our stakeholders."

Boykin Farr joined Emerson in 1998 as an employee relations specialist and in 2004 was promoted to human resources director of its motor technologies business. After Emerson sold this business to Nidec Motor Corporation, Boykin Farr joined Nidec in 2010 to serve as its local vice president of human resources. In 2014, she returned to Emerson as a director of corporate human resources. In 2017, the company promoted her to vice president of diversity and inclusion. She has overseen the development and rollout of the company's D&I programs, including unconscious bias training globally and the launch of employee resource groups to help promote a diverse and inclusive workplace.

"I look forward to working with our senior management team, our employees and our board of directors to continue progress toward achieving our company's social responsibility objectives," said Boykin Farr. "These are challenging times for communities and businesses of all sizes. We at Emerson are committed to continue putting our charitable funding to work to help address critical needs and underserved populations in the communities where we operate."

Boykin Farr attended Saint Louis University where she completed her undergraduate and graduate studies, earning a Bachelor of Science degree in management and industrial relations, an MBA in human resource management, and a doctorate in organizational theory and public policy studies. She currently serves on the local boards of directors for the Urban League of Metropolitan St. Louis and City Academy.

Through its charitable trust, Emerson provides financial assistance and other support to local organizations in the United States in the communities where it operates. The company's philanthropic efforts are focused in four primary areas: education, health and human services, arts and culture, and civic initiatives. In fiscal 2020, Emerson and its charitable trust made contributions totaling $24.5 million, and in fiscal 2019, contributions totaled $28.6 million. Additional information about Emerson's community giving and its social responsibility initiatives can be found in Emerson's most recent Corporate Social Responsibility Report at Emerson.com/CSR.

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About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial and residential markets. Our Automation Solutions business helps process, hybrid and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency and create sustainable infrastructure. For more information visit Emerson.com.

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(C) 2020 M2 COMMUNICATIONS, source M2 PressWIRE

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Financials (USD)
Sales 2021 17 257 M - -
Net income 2021 1 942 M - -
Net Debt 2021 4 065 M - -
P/E ratio 2021 25,5x
Yield 2021 2,40%
Capitalization 49 606 M 49 606 M -
EV / Sales 2021 3,11x
EV / Sales 2022 2,91x
Nbr of Employees 83 500
Free-Float 62,3%
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Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 83,35 $
Last Close Price 82,75 $
Spread / Highest target 20,8%
Spread / Average Target 0,73%
Spread / Lowest Target -21,5%
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Managers and Directors
NameTitle
David N. Farr Chairman & Chief Executive Officer
Michael H. Train President
Steven J. Pelch Chief Operating Officer & Executive Vice President
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
Jake Fritz Chief Information Officer & Vice President
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