Eaton’s Cutler to chair Business Roundtable initiative

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Business Roundtable, an association of chief executive officers of leading U.S. companies with more than $5 trillion in annual revenues and nearly 10 million employees, announced that Alexander “Sandy” Cutler, chairman and CEO of Eaton Corp., will lead the organization’s Corporate Leadership Initiative. Cutler succeeds Anne Mulcahy, chairman and CEO of Xerox Corp., who has led the Initiative since 2005.

Cutler will lead Business Roundtable’s advocacy on the pressing issues of proxy access and regulatory reform. “Effective corporate governance provides for trust and confidence in business,” Cutler says. “I am honored to take on this position as chair of Business Roundtable’s Corporate Leadership Initiative during this critical time.”

Recently, Cutler chaired Business Roundtable’s financial regulatory reform working group, which issued Principles for Responding to the Financial Markets Crisis in May. In his new capacity as chair, Cutler will continue to work to highlight these corporate governance best practices and reform recommendations.

“Business Roundtable is committed to principles of effective corporate governance and is dedicated to working with Congress and the Obama administration as they consider regulatory reform in this area,” says Ivan G. Seidenberg, chairman and CEO of Verizon Communications and recently-named chairman of Business Roundtable. “I am confident that Sandy will be an excellent leader and a strong voice for our members on corporate governance issues.”

Since 2000, Cutler has been chairman and CEO of Eaton Corp., a Cleveland-based power management company with $15 billion in annual sales. They have about 75,000 employees and sell products to customers in more than 150 countries.