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NewsHVAC Breaking News

Franklin Electric Names Next CEO

By The ACHR NEWS Editorial Staff
Joe Ruzynski-Franklin Electric.jpg

Joe Ruzynski joins Franklin from nVent Electric, where he had served as president of the company’s enclosures segment.

Photo courtesy of Franklin Electric Co. Inc.

May 16, 2024

FORT WAYNE, Ind. — Joe Ruzynski will be the next CEO of water and energy systems firm Franklin Electric Co. Inc.

The company’s board of directors chose Ruzynski, 49, to succeed Gregg Sengstack, the CEO since 2014, effective Monday, July 1. Sengstack will continue with Franklin as the board’s executive chairman, a press release from Franklin Electric said.

Ruzynski joins Franklin from nVent Electric, where he had served as president of the company’s enclosures segment since 2018. Prior to that, he held various leadership roles at Pentair, a global water technology company.

Ruzynski has more than 25 years of experience in the industrial and electrical sectors, with a track record of driving growth, innovation, and operational excellence, the press release said.

“Joe is a proven leader with a deep understanding of our markets, customers, and technologies. He has demonstrated his ability to execute strategic initiatives that enhance value for all stakeholders,” Sengstack said. “We are confident that he is the right person to lead Franklin Electric into the next phase of growth and innovation.”

“I am honored and excited to join Franklin Electric as CEO and board member. Franklin Electric is a respected and trusted brand with a strong heritage and a bright future. I have admired the company's culture, values, and commitment to excellence for many years,” Ruzynski said.

“On behalf of the board, I want to thank Gregg for his outstanding leadership and contributions to Franklin Electric over the past 35 years, including as our chief executive officer since 2014," said Jennifer Sherman, the lead independent director of Franklin Electric. "He has been instrumental in transforming the company from a submersible motor manufacturer to a global leader in water and energy systems, with a diversified portfolio of products and services. Under his leadership, the company has achieved record revenues, earnings, and cash flows, while expanding its global footprint and enhancing its innovation capabilities."


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KEYWORDS: electrical components HVAC industry news management transition manufacturers

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