Franklin Electric CEO to retire

Gregg Sengstack, Franklin Electric president and chief operating officer (COO), will succeed Trumbull as CEO.

Sengstack, 55, joined Franklin Electric in 1988 and has been president and COO since 2011. He has been Senior Vice President and President of Franklin Fueling Systems and International Water Group and has held numerous positions in the company’s Finance organisation before becoming chief financial officer in 1999.

Trumbull, who will remain non-executive chairman of Franklin Electric, has served as chairman and CEO since 2002. Under Trumbull, Franklin Electric has transformed itself from a submersible motor supplier for pump manufacturers to a pumping systems supplier for distributors.

David Wathen, chairman of the Franklin Electric board of directors’ Corporate Governance Committee, said: “The board of directors has planned this transition for several years and we have the utmost confidence that Gregg is prepared to lead Franklin Electric. We would like to express our sincere gratitude to Scott for all of his many accomplishments as the chief executive officer of Franklin Electric over the past eleven years.”