Cooper industry-CBE (CBE)

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Cooper Industries Appoints Vice President and Treasurer
11:00a ET July 17, 2008 (Business Wire)
Cooper Industries (NYSE:CBE) today announced the appointment of Tyler Johnson as Vice President and Treasurer, reporting to Cooper's Chief Financial Officer Terry A Klebe. Johnson replaces Steve Kole, who is retiring from Cooper on July 31, 2008 following 31 years of dedicated service.
Johnson joins Cooper from Dell, Inc. where he most recently served as Director of Treasury, Operations and Capital Markets. Over his 13 years of service at Dell, he held positions in the Treasury, Financial Planning and Analysis, Accounting and Audit functions. In addition to his service at Dell, he worked for Bank of America for five years.
"Tyler Johnson provides Cooper with an exceptional range of capabilities across all realms of corporate treasury practices in world-class Fortune 500 organizations," said Klebe. "He brings an extensive technical, business and financial background to Cooper that will enable him to successfully lead our treasury function."
Johnson earned a Bachelor of Arts in Economics from the University of Texas at Austin.
About Cooper Industries
Cooper Industries, Ltd. (NYSE:CBE) is a global manufacturer with 2007 revenues of $5.9 billion, approximately 87% of which are from electrical products. Founded in 1833, Cooper's sustained level of success is attributable to a constant focus on innovation, evolving business practices while maintaining the highest ethical standards, and meeting customer needs. The Company has eight operating divisions with leading market share positions and world-class products and brands including: Bussmann electrical and electronic fuses; Crouse-Hinds and CEAG explosion-proof electrical equipment; Halo and Metalux lighting fixtures; and Kyle and McGraw-Edison power systems products. With this broad range of products, Cooper is uniquely positioned for several long-term growth trends including the global infrastructure build-out, the need to improve the reliability and productivity of the electric grid, the demand for higher energy-efficient products and the need for improved electrical safety. In 2007, sixty percent of total sales were to customers in the industrial and utility end-markets and 34% of total sales were to customers outside the United States. Cooper, which has more than 31,500 employees and manufacturing facilities in 23 countries as of 2007, is incorporated in Bermuda with administrative headquarters in Houston, TX. For more information, visit the website at www.cooperindustries.com.