FORT WAYNE, Ind., May 9, 2014 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (Nasdaq:FELE) announces that the Board of Directors appointed Don Kenney Vice President and President, Energy Systems on May 2, 2014.
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Mr. Kenney was hired in 1991 as the third employee of FE Petro, a Franklin Electric company founded in 1988, now known as Franklin Fueling Systems. Over the years, Mr. Kenney has assumed increasing levels of responsibility, becoming President of FE Petro in 2001, and then President of Franklin Fueling Systems in 2005. Under Mr. Kenney's leadership, the fueling systems business has grown to a highly profitable $200 million global business unit of Franklin Electric.
In 2013, Mr. Kenney was promoted to President, Energy Systems and his responsibilities were expanded to include leading the Artificial Lift Business Unit, which continues to expand its international footprint.
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its specialties, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company's financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company's business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company's accounting policies, future trends, and other risks which are detailed in the Company's Securities and Exchange Commission filings, included in Item 1A of Part I of the Company's Annual Report on Form 10-K/A for the fiscal year ending December 28, 2013, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company's Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
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