Franklin Electric Co., Inc. Announces Executive Changes
June 14, 2021 at 09:02 am EDT
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On June 14, 2021, Franklin Electric Co., Inc. announced that effective June 14, 2021, John J. Haines has retired from his positions as Vice President and Chief Financial Officer. Mr. Haines will serve as a special advisor to support his successor during a transition period. In connection with his planned retirement, Mr. Haines entered into a Separation Agreement with the Company (the “Agreement”). Under the Agreement, Mr. Haines will be appointed as a Senior Advisor through December 31, 2021, at which time he is expected to retire from the Company. The Board of Directors of the Company has appointed Jeffery L. Taylor as Mr. Haines’ successor. Mr. Taylor will serve as Vice President and Chief Financial Officer of the Company and replaces Mr. Haines as the Company’s principal financial officer. Most recently, Mr. Taylor was the CFO of Blue Bird Corporation, since 2020.
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.
FRANKLIN ELECTRIC CO., INC. 
