In a move that caught the entire industry off-guard, Paulett Eberhart has left Invensys Process Systems (IPS). Ulf Henriksson, CEO of Invensys plc, has taken on the role of Acting President and CEO of IPS pending the appointment of a successor.
The brief announcement from IPS quotes Henrikssson, “I would like to thank Paulett for her efforts over the past two years and wish her every success in the future. IPS is well placed to deal with the current economic uncertainties and our strong financial position allows us to continue to invest in the business to position it as a leader in helping clients improve their efficiency. I look forward to working with the IPS team to further improve our businesses performance.”
No other explanation of Eberhart’s departure has been forthcoming.