On November 22, 2022, Mark J. Bulanda indicated that he will retire from his current position as Executive President Automation Solutions of Emerson Electric Co. effective as of December 31, 2022 (Retirement Date). In connection with his retirement, on November 22, 2022, the Company and Mr. Bulanda entered into a letter agreement dated November 16, 2022 and signed November 22, 2022.