Rockwell Automation, Inc. Announces Executive Changes
September 24, 2020 at 07:01 am EDT
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Rockwell Automation, Inc. has named Isaac Woods vice president, treasurer, and board-elected officer of the company, effective October 1. Woods, who most recently served as director, Finance for the company’s Power Control business, will report directly to Patrick Goris, senior vice president and Chief Financial Officer. He succeeds Steve Etzel, who has announced his retirement after more than 31 years with the company. Since joining Rockwell in 2014, Woods, 35, has served in successive leadership roles spanning corporate finance, treasury, investor relations and business unit finance. As treasurer, Woods will lead all global treasury activities for the company, including bank and capital markets financing, cash management, foreign exchange, insurance and risk management, and pension fund management. He will also be responsible for maintaining and enhancing Rockwell’s relationships with its banking partners, credit rating agencies and pension asset managers.
Rockwell Automation, Inc. is one of the world's largest companies that specialize in the manufacturing and marketing of automation and industrial infrastructure control systems. The products are primarily intended for the food processing, automotive, mining, oil, and gas industries. Net sales break down by family of products and services as follows:
- automation and control devices (45.2%): drive systems, variable frequency drives, motor controls, servo drives, servomotors, actuators, microcontrollers, safety, detection, protection systems, etc.;
- automation solutions and systems (31.9%): automation software and hardware platforms, design, visualization, simulation and execution software, human-machine interface devices, industrial computers, computer networks, etc.;
- professional services and value-added solutions (22.9%): consulting, training and maintenance services, on-site and remote assistance, cloud-based connected services, digital automation solutions for the oil, gas and petrochemical industries, etc.
Net sales are distributed geographically as follows: North America (57.7%), Europe/Middle East/Africa (20.7%), Asia/Pacific (15%) and Latin America (6.6%).