Craig Arnold has been the CEO and Chairman of Eaton Corporation since 2016. He stepped up during a crucial time, taking over from Alexander Cutler. Under his leadership, Eaton has focused on performance and shareholder value. Before becoming CEO, he...
Craig Arnold has been the CEO and Chairman of Eaton Corporation since 2016. He stepped up during a crucial time, taking over from Alexander Cutler. Under his leadership, Eaton has focused on performance and shareholder value. Before becoming CEO, he served as Vice Chairman and COO, showing a deep understanding of the company's operations which he joined in 2000. Craig earns about $20 million a year, mostly from his salary and stock, but interestingly, he didn’t take a bonus in 2023, focusing instead on the company's performance metrics. He also showed strong leadership during the pandemic by taking a pay cut to help support his employees. Craig is not just invested in Eaton; he holds over $43 million in Medtronic stock, showing he has a diversified portfolio. He’s served on Eaton's board since 2015 and has taken on other board roles, including one at Medtronic. With his engineering background from the University of Notre Dame, he blends technical knowledge with solid business strategy. He’s clearly a hands-on leader who cares about the company’s future and its employees, proven by his decision-making and investment in the company’s growth.