Panduit’s unrivaled legacy of innovation, quality, service, and continuous improvement has fueled our business growth,” said Renaud.
“It has been my distinct personal and professional honor to serve Panduit for 10 years – the last four as CEO. McDaniel holds a Bachelor of Science in Accounting from Northern Illinois University in DeKalb, Ill.įollowing his planned retirement, Renaud will continue supporting the transition in an advisory capacity through the first quarter of 2022. Prior to joining Panduit as CFO, he excelled in global financial leadership roles during his 14 years with Eaton Corporation, including serving as the company’s Director of Finance for its EMEA electrical business and Vice President of Finance for the Americas systems and services group. McDaniel has served in a variety of leadership positions over his 30-year career. I am very excited about our future and the opportunities in front of us.” “We have a great strategy, an incredibly talented and dedicated workforce, and an innovative culture that is continually looking to create value for our customers. “I am thrilled for the opportunity to serve as Panduit’s CEO and lead the company into its next phase of growth,” said McDaniel. Panduit is well positioned to apply our problem-solving mindset to solve technical challenges as new technologies transform our data center, enterprise, and industrial businesses.”
“The digital economy, the drive for zero carbon emissions, and electrification trends are having a profound impact on our markets. “Our long-term investment horizon, outstanding employees, and agile business processes have allowed us to build business momentum through the downturn,” he explained. “Shannon has also built the trust of our employees, and the Board is confident that he will apply his deep industry knowledge and keen business acumen to lead Panduit.”Ĭaveney added that McDaniel is taking over the role of CEO at an ideal time. “As a results-focused leader, Shannon brings his collaborative mindset to the role, drawing from his commercial and financial background, while leveraging the power of Panduit to move the company forward,” said Panduit Executive Chair Andrew Caveney. McDaniel, who currently serves as the company’s chief financial officer, will succeed current CEO and President Dennis Renaud, who will retire at the end of 2021. Tinley Park, Illinois, Dec 8 (Bernama-GLOBE NEWSWIRE) - Panduit announced today that its Board of Directors has appointed Shannon McDaniel as its next Chief Executive Officer (CEO) and President effective January 1, 2022. Dennis Renaud to retire effective December 31, 2021