Martha Wyrsch Elected to SPX's Board of Directors
Christopher J. Kearney Re-elected
Board Names Three New Executive Officers
CHARLOTTE, NC - April 22, 2009 - SPX Corporation (NYSE: SPW) today announced that its stockholders have elected Martha B. Wyrsch to a three-year term as a member of the board, effective immediately. The company also announced that its stockholders have re-elected Christopher J. Kearney to a new three-year director term. Mr. Kearney continues to serve as the company's chairman, president and chief executive officer.
"Martha Wyrsch brings a wealth of operational skill and corporate governance expertise to SPX and its board of directors," noted Mr. Kearney. "Her deep knowledge and vast working experience in the power and energy markets makes her an ideal fit for SPX, particularly given our continued focus on meeting the rising global demand for energy infrastructure. I am confident Martha's perspective and counsel will be valuable assets to SPX, its board and all the company's stakeholders."
Ms. Wyrsch was formerly the president and chief executive officer of Spectra Energy Transmission, LLC. She also served as president of Duke Energy Gas Transmission and as group vice president and general counsel of Duke Energy Corporation.
SPX also announced the appointments of Drew Ladau, Jeremy W. Smeltser and J. Michael Whitted as officers of the company.
Drew T. Ladau is segment president, thermal equipment and services at SPX.
Jeremy W. Smeltser is vice president, finance at SPX.
J. Michael Whitted is vice president, business development at SPX.
About SPX
SPX Corporation is a Fortune 500 multi-industry manufacturing leader. The company offers highly-specialized engineered solutions to solve critical problems for customers.
SPX is focused on providing solutions that support the expansion of global infrastructure, with particular emphasis on the growing worldwide demand for energy and power. Its innovative product portfolio, containing many energy efficient products, includes cooling systems for power plants throughout the world; custom engineered process equipment that assists a variety of flow processes including food and beverage manufacturing, oil and gas exploration, distribution and refinement and power generation; handheld diagnostic tools that aid in vehicle maintenance and repair; and power transformers that regulate voltage for electrical transmission and distribution by utility companies.
SPX is headquartered in Charlotte, North Carolina and employs more than 17,000 people worldwide in over 40 countries. Visit www.spx.com. (NYSE: SPW)
| Ryan Taylor (Investors) | Jennifer H. Epstein (Media) |
| 704-752-4486 | 704-752-7403 |
| E-mail: investor@spx.com | E-mail: Jennifer.epstein@spx.com |