Emerson, a global technology and industrial software leader, has announced Chief Executive Officer (CEO) David N. Farr will retire on February 5, 2021. Lal Karsanbhai, who has served as executive president of the company’s Automation Solutions business since 2018, will become the new CEO of Emerson and join the board of directors.
Farr, who was named CEO in 2000 and chairman of Emerson’s board of directors in 2004, will remain as chairman through May 4, 2021. Over his two decades at the helm of the global company, Farr has led Emerson through multiple strategic evolutions to grow the company’s global footprint, stay ahead of changing market conditions and advance the organization’s capabilities and competitiveness on the worldwide stage.
Karsanbhai, who is currently a member of Emerson’s Office of the Chief Executive, leads a business with $11.2 billion in global sales in 2020. The Automation Solutions business offers advanced technologies, software and services to process, discrete and hybrid businesses in industries that include life sciences, power, energy, food and beverage, and water and wastewater.
During his tenure at Emerson, Karsanbhai has worked in Europe, Africa and North America. He is fluent in Portuguese, French and English. Karsanbhai has a bachelor’s degree in economics from the University of Michigan and a master’s degree in business administration from Washington University in St. Louis.
Courtesy of Emerson.