Item 3. Legal Proceedings
ITEM 3 - LEGAL PROCEEDINGS
The Company and its subsidiaries are party to various legal proceedings, some of which claim substantial amounts of damages. It is not possible to predict the outcome of these matters, but historically the Company has been largely successful in both prosecuting and defending claims and lawsuits.
Given the uncertainties of litigation, a remote possibility exists that litigation could have a material adverse impact on the Company; however, the Company believes a material adverse impact of any pending litigation is unlikely.
Information regarding legal proceedings is set forth in Note 15.
ITEM 4 - MINE SAFETY DISCLOSURES
Not applicable.
INFORMATION ABOUT OUR EXECUTIVE OFFICERS
The following sets forth certain information as of November 12, 2024, with respect to the Company's executive officers. T hese officers have been elected or appointed to terms which expire February 4, 2025:
Name Position Age Year First Appointed an Executive Officer
S. L. Karsanbhai President and Chief Executive Officer 55 2018
R. R. Krishnan
Executive Vice President and Chief Operating Officer 53 2021
M. J. Baughman Executive Vice President, Chief Financial Officer and Chief Accounting Officer 59 2018
M. H. Train Senior Vice President and Chief Sustainability Officer 62 2016
L. A. Flavin Senior Vice President, Chief Transformation and Chief Compliance Officer 59 2021
P. Zornio Senior Vice President and Chief Technology Officer
61 2022
V. Ramnath Senior Vice President and Chief Marketing Officer 57 2023
N. Piazza Senior Vice President and Chief People Officer
46 2023
M. Tang Senior Vice President, Chief Legal Officer 50 2024
There are no family relationships among any of the executive officers and directors.
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Lal Karsanbhai has been Chief Executive Officer since February 2021 and President since March 2021. Prior to his current position, Mr. Karsanbhai was Executive President - Automation Solutions from October 2018 through January 2021, President - Measurement & Analytical from 2016 through September 2018, and President Emerson Network Power Europe, Middle East & Africa from 2014 through 2016.
Ram R. Krishnan was appointed Executive Vice President and Chief Operating Officer in February 2021. Prior to his current position, Mr. Krishnan was President Final Control from November 2017 to February 2021, Chief Operating Officer Final Control from January 2017 to November 2017, and President Flow Solutions from 2016 through January 2017.
Michael J. Baughman was appointed Executive Vice President and Chief Financial Officer in May 2023, and Chief Accounting Officer in February 2018. Prior to his current position, Mr. Baughman was named Vice President and Controller in October 2017. Prior to that Mr. Baughman was Vice President, Finance, Global Operations, Quality, and Research and Development of Baxter International Inc., a global healthcare products company, from 2015 through September 2017, and Vice President, Finance, Medical Products of Baxter from 2013 to 2015.
Michael H. Train was appointed Senior Vice President and Chief Sustainability Officer in March 2021. Prior to his current position, Mr. Train was President from October 2018 to March 2021 and Executive President - Automation Solutions from October 2016 through October 2018, Executive Vice President - Automation Solutions from May 2016 through October 2016 and President of Global Sales for Emerson Process Management from 2010 through May 2016.
Lisa A. Flavin was appointed Senior Vice President and Chief Compliance Officer in March 2021, and assumed the additional role of Chief Transformation Officer in 2023. Prior to her current position, Ms. Flavin was Vice President and Chief Compliance Officer from February 2019 through March 2021 and Vice President, Audit and Chief Compliance Officer from February 2015 through February 2019.
Peter Zornio was appointed Senior Vice President and Chief Technology Officer in December 2022. Prior to his current position, Mr. Zornio was the Chief Technology Officer for the Automation Solutions Group from June 2017 to December 2022 and Chief Strategy Officer for Automation Solutions – Systems and Solutions from June 2006 to June 2017.
Vidya Ramnath was appointed to Senior Vice President and Chief Marketing Office r in June 2023. Prio r to her current position, Ms. Ramnath was President of Middle East & Africa from 2019 through June 2023 and Vice President of Asia Pacific for Measurement & Analytical from 2017 through 2019.
Nick Piazza was appointed Senior Vice President and Chief People Officer in August 2023. Prior to his current position, Mr. Piazza was Vice President of Global Talent and Human Resource Operations from August 2021 through July 2023, and Vice President of Human Resources in Asia-Pacific for the company’s Automation Solutions business from July 2017 through July 2021.
Michael Tang was appointed Senior Vice President, Secretary and Chief Legal Officer in January 2024. Prior to his current position, Mr. Tang was Senior Vice President, General Counsel and Secretary of Agilent Technologies, Inc. Mr. Tang had been with Agilent Technologies since 2006, holding numerous roles of increasing responsibility.
INFORMATION ABOUT OUR DIRECTORS
The following sets forth certain information about the Company's Board of Directors as of November 12, 2024.
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Name Current or Former Position Company
James S. Turley Chair of the Emerson Board, and Retired Chairman and CEO Ernst & Young
Mark A. Blinn
Former CEO, President and Director Flowserve Corporation
Joshua B. Bolten CEO Business Roundtable
Calvin G. Butler President and CEO Exelon
Martin S. Craighead Former Chairman, President and CEO Baker Hughes
William H. Easter III Former Chairman, President and CEO DCM Midstream LLC
Gloria A. Flach Retired Corporate Vice President and Chief Operating Officer Northrop Grumman
Lal Karsanbhai President and CEO
Emerson
Lori M. Lee CEO, AT&T Latin America and Global Marketing Officer AT&T Inc.
Matthew S. Levatich Retired President and CEO Harley-Davidson, Inc.
Leticia Goncalves Lourenco President, Precision Fermentation and ADM Ventures Archer Daniels Midland Company
James M. McKelvey Co-Founder, Block (formerly Square), Founder, Invisibly, Inc., and General Partner, Fintop Capital
Fintop Capital
PART II