SPX's (SPW) CFO Patrick O'Leary Looks to Resign in 2012
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SPX Corporation (NYSE: SPW) announced today that Patrick J. O'Leary will retire as Executive Vice President and Chief Financial Officer effective after the company has completed its report of the second quarter 2012 operating results. Its Board of Directors has appointed Jeremy W. Smeltser to the position of Chief Financial Officer, effective immediately following O'Leary's retirement.
O'Leary joined SPX as Chief Financial Officer in 1996 and was named to his current role as EVP and CFO in 2004. He will stay in his current role through the second quarter to ensure a smooth transition of his responsibilities.
"Patrick has played a major role on our executive leadership team for more than 15 years and we have a tremendous amount of respect for him and his accomplishments," said Christopher J. Kearney, Chairman, President and Chief Executive Officer of SPX. "He has been a key architect and an invaluable partner to me in developing and executing the transformation of our company.
O'Leary joined SPX as Chief Financial Officer in 1996 and was named to his current role as EVP and CFO in 2004. He will stay in his current role through the second quarter to ensure a smooth transition of his responsibilities.
"Patrick has played a major role on our executive leadership team for more than 15 years and we have a tremendous amount of respect for him and his accomplishments," said Christopher J. Kearney, Chairman, President and Chief Executive Officer of SPX. "He has been a key architect and an invaluable partner to me in developing and executing the transformation of our company.
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