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Emerson Electric Co.

Emerson Electric Co.

Sector: Industrial Instruments For Measurement Display And Control Of Region: MO, United States


: | New York Stock Exchange: EMR


Similar to: ClearSign Combustion Corp., Renishaw Plc

Emerson Electric Co. manufactures and develops process controls systems, valves and analytical instruments. It delivers products and services to the industrial, commercial and consumer markets. The company operates through five segments: Process Management, Industrial Automation, Network Power, Climate Technologies and Tools and Storage. The Process Management segment provides measurement, control, monitoring, engineering and diagnostic capabilities for automated industrial processes producing items such as oil, natural gas and petrochemicals; food and beverages; pulp and paper, pharmaceuticals; and municipal water supplies. The Industrial Automation segment provides integrated manufacturing solutions. Its products include motors, power generating alternators, power transmission solutions, fluid controls and materials joining equipment. The Network Power segment designs, manufactures, installs and maintains products providing 'grid to chip' electric power conditioning, power reliability and environmental control for telecommunications networks, data centers and other critical applications, and also provides data center infrastructure management solutions. Its products include uninterruptible power systems, embedded power supplies, embedded computing systems, precision cooling, inbound power systems, integrated data center monitoring, and control devices and software. The Climate Technologies segment provides products and services for all areas of the climate control industry which include residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. It also provides services that digitally control and remotely monitor refrigeration units in grocery stores and other food distribution outlets. The Tools and Storage segment provides products and services for professionals and homeowners, home and commercial storage systems and appliance solutions. Its products include water jetters, wet-dry vacuums, commercial vacuums, rolling storage boxes, truck work boxes, bolt cutters, and van and truck ladder racks. This segment also provides freestanding, fixed and mobile storage products for residential, commercial, health care and food service applications. It also provides storage and display shelving, stock-picking and kitting carts, cabinets, totes, bins, workstations, and merchandising and inventory storage racks for commercial customers. This segment also provides food service equipment which include polymer and wire storage systems, busing carts, pan and tray racks, transport carts and workstations. Emerson Electric was founded on September 24, 1890 and is headquartered in St. Louis, MO.

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Passion For Progress

Executives

David N. Farr, Chairman and Chief Executive Officer
David N. Farr has served as chief executive officer of Emerson since October 2000 and is only the third CEO of the company in more than 56 years. He was named chairman in September 2004.
Under Farr’s leadership, Emerson has grown its position in global markets, increased its focus on customer-oriented services and solutions, and invested in industry-leading technologies to enhance its long-term growth and market position. With his management team, Farr has kept the company focused on creating long-term value and maintaining Emerson’s solid financial performance relative to growth in sales, earnings, cash flow, and return on capital. Farr has been ranked among the best CEOs in America by Institutional Investor magazine the past five years.
Farr joined Emerson in 1981 in a corporate staff position. He subsequently served as the company’s manager of investor relations, vice president of corporate planning and development, president of the Ridge Tool division, and group vice president for the industrial components and equipment business. He then served four years as the Hong Kong-based president of Emerson Asia-Pacific and CEO of Emerson’s Astec joint venture.
In 1997, Farr returned to St. Louis to become executive vice president overseeing Emerson’s process management business. In 1999, he became senior executive vice president and chief operating officer with responsibility for the firm’s global operations, positions that he held until being named CEO in 2000. From 2005 to 2010, Farr also served as the company’s president.
Farr is a member of the board of directors of IBM, and also is on the board of directors of the US-China Business Council.
Active in a variety of civic and charitable organizations in St. Louis, Farr is chairman and past president of Civic Progress, an organization of chief executives from leading companies in St. Louis who work together to promote the region. He also currently serves on the executive boards of the Municipal Theatre Association of St. Louis (The Muny at Forest Park) and the Greater St. Louis Area Council, Boy Scouts of America. Farr is a past member of the board of directors of the United Way of Greater St. Louis and served as the organization’s annual fundraising campaign chairman in 2007, and in 2010, he and his wife, Lelia, served as chairs of its de Tocqueville Society, raising a then-record $11 million from members of the community who are major donors to the local United Way. In 2011, he was named St. Louis Citizen of the Year.
Farr received a bachelor’s degree in chemistry from Wake Forest University and a master’s degree in business administration from Vanderbilt University.
Charles A. Peters, Senior Executive Vice President
Charles A. Peters was appointed to senior executive vice president in 2000 and is responsible for helping Emerson and its business units develop innovative global business models and strategies that build the company’s capabilities to support and create value through its customer relationships. He also oversees Emerson’s information technology, marketing and customer support programs that provide a foundation for implementing these initiatives. Peters has served as a management member of Emerson’s Board of Directors since 2000.
Peters joined Emerson in 1975 as an engineering cooperative student at its Browning business in Maysville, Ky. He moved to corporate planning in 1978 and later served in strategic planning positions at several Emerson business units, including Skil power tools. In 1986, Peters was named president of the Harris Calorific welding equipment business.
Peters went on to hold several corporate positions at Emerson, including vice president of strategic planning, vice president of development and technology, and senior vice president of growth programs. In 1998, he assumed operating responsibility as the business leader of the industrial components and electronics business, and was promoted to executive vice president.
Peters received a bachelor’s degree in mechanical engineering from Cornell University and a master’s degree in business administration from Harvard University. Peters lives in St. Louis and is married with five children.
Edward L. Monser, President and Chief Operating Officer
Monser is responsible for Emerson’s day-to-day business operations and leads the company's profit review and other strategic planning processes. He also directs the demand-driven supply chain, lean manufacturing, and international business activities, which include business development and investments in emerging markets. Monser has more than 30 years of experience in senior operational positions at Emerson and has played key roles in globalizing the company.
From 1996 until becoming COO, Monser was president of Emerson’s Rosemount business unit. Under his leadership, Rosemount developed a range of innovative “smart” measurement and analytical devices for the process industry, expanded its service and solutions capabilities, and implemented significant operational efficiencies.
Monser began his career as a senior engineer at Rosemount in 1981. After serving in several engineering management positions, he was named Rosemount’s director of technology in 1987. Two years later, he became director of new products and technology. Monser went on to hold vice president positions overseeing several critical operations at Rosemount before becoming its executive vice president and general manager, and then president.
Monser currently serves on the board of trustees for the Eisenhower Fellowships, is chairman of the board at Ranken Technical College, is a trustee for the St. Louis Science Center, and is a member of the Board of Overseers at Illinois Institute of Technology, the board of directors of The Backstoppers, Inc., and the Economic Development Board for China’s Guangdong Province. He is also a past board member and past vice chairman of the US-China Business Council.
Monser received a bachelor’s degree in electrical engineering from Illinois Institute of Technology in 1980. He also has a bachelor's degree in education from Eastern Michigan University and is an alumnus of the executive education program at the Stanford University Graduate School of Business.

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