* Moret, Kulaszewicz named to run divisions
* Move part of "longer-term succession planning," CEO says
* CEO Nosbusch has no near-term plans to retire-spokesman
By Scott Malone
BOSTON, Feb 3 Rockwell Automation Inc (ROK.N)
named two insiders as senior vice presidents heading its two
divisions, starting the process for grooming an eventual
successor to Chief Executive Keith Nosbusch.
The company, which makes products that help factories run
more smoothly, said Blake Moret, 48, would take the lead at its
control products and solutions segment while Frank Kulaszewicz,
46, will oversee its architecture and software arms.
"These appointments are a natural next step in our
continued globalization and are consistent with our longer-term
succession planning," Nosbusch, 59, said in a statement.
Nosbusch has no plans to retire in the near future, said
John Bernaden, a spokesman for the Milwaukee-based company. The
men will take up their new positions on April 1.
Rockwell shares were down 59 cents at $82.35 in midday
trading on the New York Stock Exchange.
Kulaszewicz will be based in Singapore, a change reflecting
that Rockwell's revenue growth has been driven by demand in
Asia over the past few years, Nosbusch said.
Kulaszewicz succeeds Steve Eisenbrown, 57, who becomes
senior vice president of strategic development. Moret succeeds
Bob Ruff, 62, who will become president of Asia-Pacific
Nosbusch, who joined Rockwell in 1974, was named chairman
and CEO in 2004.
Rockwell, which competes with the likes of Emerson Electric
Co (EMR.N) and ABB Ltd ABBN.VX, has come roaring out of the
recession, as manufacturers once more invest in capital
Its shares are up about 65 percent so far this year,
outpacing the 31 percent rise of the Standard & Poor's capital
goods industry index .GSPIC.
(Reporting by Scott Malone, editing by Maureen Bavdek)