Summary
Emerson Electric Co. (EMR) announced on May 2, 2017, a significant addition to its Board of Directors with the election of Gloria A. Flach. Ms. Flach, currently the Corporate Vice President and Chief Operating Officer of Northrop Grumman Corporation, brings extensive operational and leadership experience to Emerson's board. Her appointment is effective immediately, though she will stand for formal election by stockholders at the 2018 Annual Meeting. This strategic move signals Emerson's commitment to strengthening its governance and leveraging diverse expertise at the highest level of the company. Beyond her directorship, Ms. Flach has been appointed to serve on two key committees: the Compensation Committee and the Finance Committee. These roles will allow her to contribute directly to critical decision-making processes concerning executive compensation and the company's financial strategies. Her compensation as a director will align with the existing structure for non-management directors, including a restricted stock award, ensuring her interests are aligned with those of shareholders. The company attached the press release announcing this election as an exhibit to its 8-K filing.
Key Highlights
- 1Emerson Electric Co. elected Gloria A. Flach as a new Director to its Board, effective May 2, 2017.
- 2Ms. Flach is a seasoned executive, currently serving as Corporate Vice President and Chief Operating Officer of Northrop Grumman Corporation.
- 3She will stand for election by stockholders at the Company's 2018 Annual Meeting.
- 4Ms. Flach has been appointed to serve on the Compensation Committee.
- 5Ms. Flach has also been appointed to serve on the Finance Committee.
- 6Her compensation as a director will be consistent with other non-management directors, including a restricted stock award.