Eaton Corporation announced that Eaton's Automotive and Truck Groups are being consolidated into one operating unit. The combined organization will be known as the Vehicle Group and will be led by Joseph P Palchak, current president of the Automotive Group. The new Vehicle Group will continue to report to the Industrial Sector, along with Eaton's aerospace and hydraulics businesses.
“As our truck and automotive operations continue to expand into global markets, it's critical that we leverage the natural synergies that exist between the two businesses,” said Craig Arnold, vice-chairman and chief operating officer of Eaton's Industrial Sector.
Palchak served as president of Eaton's automotive business since June 2008. Prior to that, he led the Automotive Group's Engine Air Management business since 2005 and previously was president of Eaton's Powertrain and Specialty Controls operations. Since joining Eaton in 1973, he has held numerous assignments within its automotive and truck businesses.
Externally, Eaton will continue to report financial results for six segments. They are: Electrical Americas, Electrical Rest of the World, Hydraulics, Aerospace, Truck, and Automotive.