Franklin Electric appoints Joe Ruzynski as CEO effective July 1; Sengstack becomes Executive Chairperson

FRANKLIN ELECTRIC CO INC

Gregg Sengstack retires as CEO after leading since 2014; remains Executive Chairperson.
Joe Ruzynski appointed CEO effective July 1, 2024; joins from nVent Electric (President, Enclosures Segment).
Ruzynski receives $900k base salary, 100% target bonus, $250k signing bonus, $5.25M equity grant.
Ruzynski brings 25+ years in industrial/electrical sectors; prior roles at Pentair and nVent.

item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Role change

Gregg C. Sengstack

Executive Chairperson

FELE · FRANKLIN ELECTRIC CO INC

Effective: 2024-07-01
Successor: Joseph Ruzynski
Filed: May 14, 2024, 7:59 PM ET

notified the Board of his intention to retire from his position as Chief Executive Officer

Appointed

Joseph Ruzynski

Chief Executive Officer

FELE · FRANKLIN ELECTRIC CO INC

Effective: 2024-07-01
Filed: May 14, 2024, 7:59 PM ET

The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gregg C. Sengstack changed role as Executive Chairperson at FRANKLIN ELECTRIC CO INC.

Action: retire
Role: Executive Chairperson

Exact text from the filing

notified the Board of his intention to retire from his position as Chief Executive Officer

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Joseph Ruzynski was appointed as Chief Executive Officer at FRANKLIN ELECTRIC CO INC.

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

The Board announced that it will appoint Joseph Ruzynski as Chief Executive Officer, effective July 1, 2024

View on SEC.gov

FRANKLIN ELECTRIC CO INC filing history →

Source: SEC EDGAR

accession 0000038725-24-000101

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.