The Board of Directors of intelligent power management company - Eaton named Paulo Ruiz as the President and Chief Operating Officer of Eaton and a member of the Board of Directors, effective September 2, 2024. Ruiz will be appointed Chief Executive Officer of Eaton on June 1, 2025.
He succeeds Craig Arnold, who will retire on May 31, 2025, having reached Eaton’s mandatory officer retirement age of 65. Mr. Arnold has been Eaton’s Chairman and Chief Executive Officer since June 2016. Additionally, effective June 1, 2025, Gregory R. Page will become the Non-Executive Chair of the Eaton Board of Directors.
“Our entire board is thrilled to congratulate Paulo on his promotion,” said Gregory R. Page, adding “Eaton’s strong position today is due to the mission-driven culture, strategic direction, and operational excellence that define the company. Paulo’s deep operations expertise and strong global manufacturing background make him uniquely qualified to lead Eaton through the next phase of the company’s growth.”
critical aspects of transformation
Craig Arnold said, “Paulo’s experience overseeing critical aspects of our portfolio transformation and driving profitability in our operations has been critical in positioning our company for sustained growth.”
He adds, “I’m proud to work with him and our team of passionate pioneers to guide Eaton through this inflection point in our company’s long history. I have full confidence in Paulo’s ability to lead the enterprise into the future.”
Prior roles of Paulo Ruiz
Ruiz served in various strategic roles worldwide with Siemens, including CEO of Dresser-Rand
Paulo Ruiz, 49, has been President and Chief Operating Officer of the Industrial Sector since July 2022. In this role, Ruiz is responsible for the company’s Aerospace, Vehicle, eMobility, Filtration, and Golf Pride businesses, as well as the company’s operations in the Asia-Pacific, Central and South American regions.
Previously, Paulo was President of the company’s Americas region of the Energy Solutions and Services business and president of the company’s Hydraulics Group. Before joining Eaton in 2019, Ruiz served in various strategic positions worldwide with Siemens, including chief executive officer of Dresser-Rand – A Siemens Business and operations, commercial and engineering positions at Fiat.
Combination of skills and leadership
Ruiz has a master’s degree in business management from Fundação Dom Cabral in Brazil and a bachelor’s degree in electrical engineering from FEI in São Paulo, Brazil. He also completed the post-MBA program at Kellogg School of Management at Fundação Dom Cabral and the Graduate Development Program with Isvor Fiat in Turin, Italy.
During the transition period, Ruiz will continue to oversee the company’s Industrial Sector, and Heath Monesmith will remain the pioneer of its Electrical Sector.
“Together, Paulo and Heath bring an extraordinary combination of skills and leadership that are exactly what Eaton needs to accelerate our transformation into the world’s pioneering power management company,” said Craig Arnold, adding “We have a deep bench and a strong team of pioneers who are poised to guide our enterprise in the years to come.”