Deals
Emerson CEO’s Global Growth Goals Sidelines Consumer Unit
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Chief Executive Officer David Farr is focusing Emerson Electric Co. on four businesses with worldwide growth potential while shrinking his most profitable unit: the maker of wet-dry vacuums and InSinkErator disposals.
Farr said he considers network power, climate technologies and process management to be “global franchises,” and he wants to expand the industrial automation division to the same level. Businesses in the commercial and residential solutions unit can’t compete as well on a worldwide basis, he said.