Pentair has unveiled the name of its future electrical company as nVent Electric, and has tapped Beth Wozniak to lead the company as CEO. Pentair’s separation into two independent companies is scheduled to be completed by the second quarter of 2018.
“The name ‘nVent’ reflects the legacy of innovation across our portfolio of brands that will serve as the foundation for the new company as we execute on our mission to connect and protect our customers with inventive electrical solutions, create safer systems and ensure a more secure world,” Wozniak said. “As a high-performance electrical company, nVent is focused on improving utilization, lowering costs and maximizing customer uptime.”
Joining Wozniak on the nVent leadership team will be Stacy McMahan as CFO. She previously served as CFO at The Spectranetics Corporation, a medical device developer and manufacturer, and as CFO and Treasurer of MSA Safety Inc.
nVent will employ approximately 9,000 people globally, with its main U.S. offices in Minneapolis, Minn.