Rockwell Automation Announces New Chief Financial Officer
16 February 2021 - 11:00PM
Business Wire
Nicholas Gangestad to join the company on March
1
Rockwell Automation, Inc. (NYSE:ROK), the world’s largest
company dedicated to industrial automation and digital
transformation, announced today that Nicholas Gangestad will join
the company as senior vice president and chief financial officer on
March 1. He will report to Rockwell Chairman and CEO Blake
Moret.
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Nicholas Gangestad (Photo: Business
Wire)
Gangestad joins Rockwell after a long career with 3M, where he
most recently served as the company’s chief financial officer and
oversaw all aspects of the financial organization including
compliance, financial planning, treasury, and tax. Before his
promotion to CFO in 2014, Gangestad served as 3M’s chief accounting
officer, corporate controller, and also held global financial
management roles overseeing teams and developing talent in Canada,
Latin America, and Asia Pacific.
“Nick’s leadership experience, strong finance background, and
deep understanding of our industrial customers will help Rockwell
Automation drive its strategic vision and accelerate profitable
growth,” Moret said. “We are thrilled to welcome him to a dynamic
leadership team focused on generating superior customer and
shareowner value.”
“It’s an honor to become part of the Rockwell team. They have
already accomplished so much as a leader in industrial automation
and I’m very excited to be joining at a time when software is
becoming an increasingly important part of the business,” Gangestad
said. “I’m energized by Rockwell’s people, its mission, and its
strategies to improve productivity and sustainability for its
customers. I look forward to working with the Rockwell team in
achieving its vision for the future.”
Gangestad received an undergraduate degree from Augsburg
University in Minneapolis and an MBA from the University of
Minnesota.
Gangestad replaces Steve Etzel, who has served as interim CFO
since November 2020. Etzel is a 30-year company veteran who
postponed his previously announced retirement to fill the interim
role. He will retire in 2021 after a transition period.
“Steve Etzel’s steady, thoughtful contributions to Rockwell and
our stakeholders have been well-recognized for many years. His
willingness to step up during our CFO transition has been
especially appreciated,” said Moret. “The board and I wish him and
his family the very best in his retirement.”
About Rockwell Automation
Rockwell Automation Inc. (NYSE: ROK), is a global leader in
industrial automation and digital transformation. We connect the
imaginations of people with the potential of technology to expand
what is humanly possible, making the world more productive and more
sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell
Automation employs approximately 23,500 problem solvers dedicated
to our customers in more than 100 countries. To learn more about
how we are bringing the Connected Enterprise to life across
industrial enterprises, visit www.rockwellautomation.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210216005395/en/
Media Contact Marci Pelzer Director, External
Communications +1 414-382-5679 MPelzer@rockwellautomation.com
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