Alexander Cutler
Alexander Cutler
Alexander 'Sandy' Cutler is the former chairman and chief executive officer of Eaton Corporation, retiring on May 31, 2016 after a 41 year career with the company. Prior to his appointment as chairman and CEO, Cutler served as Eaton’s president and chief operating officer...
activity asian beginning convincing decline evidence hopeful lesser markets north rebound response seeing south
Further, while we are hopeful that, in aggregate, we are seeing a bottoming in activity levels, there is no convincing evidence that our North American markets will rebound meaningfully before year-end. In addition, European, Asian and, to a lesser extent, South American markets are beginning to decline in lagged response to the North American weakness.
cockpit decision integrated interior lead move necessary niche position rapidly response segment systems toward vehicle
This decision was a difficult, but necessary one for us, ... The vehicle interior segment is rapidly consolidating in response to the industry-wide move toward integrated cockpit systems solutions. As a niche player, we are not in a position to lead this consolidation.
both electrical growth market markets orders production stronger truck worldwide year
In the first quarter, the worldwide electrical and hydraulics markets were stronger than we had expected. In addition, the NAFTA heavy-duty truck market started the year with considerably stronger growth in both production and orders than we had anticipated.
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The economic impact of this tragedy has been immediate and, we believe, will persist for some time to come, ... Eaton was already struggling with depressed industrial markets that showed few signs of immediate recovery...After September 11, business slowed abruptly and sharply, further impacted both by transportation-related interruptions in our 'just-in-time' industrial economy, and by the collective hesitation of our customers faced with a suddenly uncertain, and riskier, future.