SPX Corporation Leadership Changes Tied to Spin-Off

SPX Corporation appointed Eugene Joseph Lowe, III as President and CEO and Scott William Sproule as VP, CFO and Treasurer, contingent on the completion of the SPX FLOW spin-off. Current executives including Chairman/President/CEO Christopher J. Kearney and CFO Jeremy W. Smeltser will resign upon completion.

“The Board appointed Eugene Joseph Lowe, III as President and Chief Executive Officer of the Company and Scott William Sproule as Vice President, Chief Financial Officer and Treasurer of the Company, in both cases contingent on and effective upon completion of the spin-off.”

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