Franklin Electric announced that Gregg C. Sengstack will take over the reins as CEO of the company after the retirement of R. Scott Trumbull. Trumbull will, however, continue in the role of chairman, a non-executive position.
“Gregg is a strong leader and excellent strategist," Trumbull said. "He has been a critical part of Franklin Electric’s success over the past 25 years and we are very confident he will lead the company to even greater levels of growth and profitability in the future.”