CHARLOTTE, N.C., Aug. 21, 2014 /PRNewswire/ -- SPX Corporation (NYSE: SPW) today announced that its Board of Directors has elected Robert F. Hull, Jr. as an additional member of the company's Board of Directors. Mr. Hull will stand for re-election at the company's 2015 Annual Meeting for a term expiring in 2018.
Mr. Hull, 50, has served as Chief Financial Officer of Lowe's Companies, Inc. since March 2003. He joined Lowe's in 1999 as Vice President of Financial Planning and Analysis. Mr. Hull also currently serves on the Board of Trustees of the University of North Carolina at Charlotte.
Mr. Hull's more than 25 years of financial expertise, including deep knowledge and experience with financial statement analysis, tax matters, supply chain efficiencies and investor relations, will benefit the Board's collective efforts aimed at helping to advance SPX's long-term growth opportunities and delivering enhanced shareholder value.
"We look forward to working closely with Bob as we continue to deliver on our commitments to our investors and customers. We are very pleased to add a director with his proven skills, accomplishments and reputation to our Board of Directors," said Christopher J. Kearney, Chairman, President and Chief Executive Officer of SPX. "The addition of Bob, along with the appointment of Pat Campbell earlier this year, marks the second independent Board member to join SPX in 2014. These new additions underscore our commitment to recruiting high quality Board members with strong track records."
SPX's Board of Directors now consists of eight members with Chris Kearney serving as Chairman and seven independent members including Emerson Fullwood, Michael Mancuso, Martha Wyrsch, Terry Lisenby, David Singer, Pat Campbell and Bob Hull.
Based in Charlotte, North Carolina, SPX Corporation (NYSE: SPW) is a global, multi-industry manufacturing leader with approximately $5 billion in annual revenue, operations in more than 35 countries and over 14,000 employees. The company's highly-specialized, engineered products and technologies are concentrated in Flow Technology and energy infrastructure. Many of SPX's innovative solutions are playing a role in helping to meet rising global demand for electricity and processed foods and beverages, particularly in emerging markets. The company's products include food processing systems for the food and beverage industry, critical Flow components for oil and gas processing, power transformers for utility companies, and cooling systems for power plants. For more information, please visit www.spx.com.
SOURCE SPX Corporation