Leadership and Board Restructuring at SPX Corporation Post Spin-Off

Contingent on the completion of the SPX FLOW spin-off, SPX Corporation will undergo a major board and leadership restructuring. Patrick J. O'Leary will become Chairman, and current Chairman, President and CEO Mr. Kearney will step down from those roles but remain a director. Several new directors are elected and multiple existing directors resign.

“the Board of Directors (the “Board”) of SPX Corporation (the “Company”) elected each of Patrick J. O’Leary, Gene Lowe, Rick D. Puckett, and Tana L. Utley as directors of the Company, in each case contingent on and effective upon completion of the Company’s previously announced spin-off of SPX FLOW, Inc.”

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