Emerson Names James Turley to Board of Directors

  Emerson Names James Turley to Board of Directors

Business Wire

ST. LOUIS -- July 11, 2013

James S. Turley, retired chairman and chief executive officer of Ernst &
Young, one of the largest professional services organizations in the world,
has been elected to Emerson’s (NYSE:EMR) board of directors, Chairman and CEO
David N. Farr announced today.

Turley had served as chairman and CEO of Ernst & Young since 2001, and retired
this year. He joined the company in 1977 as a member of the firm’s Houston
office, and over the years he has held a series of leadership positions. Based
in New York and London, he also served as senior advisory partner for many of
Ernst & Young’s largest global clients.

“Jim has an excellent financial background, broad business experience in
global economics and an intense focus on quality,” Farr said. “His initiative,
business insight and integrity will be great assets to Emerson shareholders as
we drive growth in our businesses and leadership in the industries we serve
around the world.”

Turley previously served as Metropolitan New York Area Managing Partner of
Ernst & Young LLP in 1998 and was appointed Deputy Chairman in 2000. As
chairman, he actively worked to enhance the public’s trust in financial
services firms and in the quality of financial reporting, and has been a
driving force on key issues in the industry, including global auditing
standards and global governance.

In addition, Turley will serve as a member of the Audit Committee and the
Corporate Governance and Nominating Committee.

Turley holds an undergraduate degree and a master’s in accounting from Rice
University. He serves on the Board of Directors of the Boy Scouts of America
and the Board of Trustees for Rice University, and is chair of the National
Corporate Theatre Fund. He also serves on President Obama’s Export Council. He
was on the board of Catalyst from 2001-2013, serving as its Chair from
2009-2013, and until his retirement was a member of the Business Roundtable
and IBLAC (International Business Leaders Advisory Council for the Mayor of
Shanghai), and was co-chair of Russia’s Foreign Investment Advisory Council.
He also chaired the Governing Board of the U.S. Center for Audit Quality from
2007-2011. Turley also recently joined the board of Citigroup.

About Emerson

Emerson (NYSE: EMR), based in St. Louis, Missouri (USA), is a global leader in
bringing technology and engineering together to provide innovative solutions
for customers in industrial, commercial, and consumer markets around the
world. The company is comprised of five business segments: Process Management,
Industrial Automation, Network Power, Climate Technologies, and Commercial &
Residential Solutions. Sales in fiscal 2012 were $24.4 billion. For more
information, visit www.Emerson.com.

Contact:

For Emerson
Mark Polzin, 314-982-1758
 
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