Published in: MarketWatch
The George Herbert Walker School of Business & Technology named Emerson's David Farr its 2012 CEO of the Year following an address by the Fortune 120 chairman and CEO at Webster University's campus in Chengdu, China. Farr's address focused on the importance of growth, technology and innovation in business.
Farr's appearance in China reflects a rich Emerson history in Asia that spans more than three decades. In the 1990s, the company became the first U.S. firm to set up a company of an investment nature headquartered in Shanghai.
"David is an insightful leader who is known throughout his industry as an extraordinary businessman," said Dr. Benjamin Ola. Akande, dean of the Walker School of Business, upon presenting the honor. "He is a global leader and a great friend of higher education."
Farr has served as chief executive officer of Emerson since October 2000. He was named chairman in September 2004. Under his leadership and determination to get the right people to the right places with the right resources, the company has grown its position in global markets.
Farr told his audience of Webster students, faculty, alumni and community supporters that Emerson's emerging market sales are now shifting beyond the top rising markets. "Just as Emerson has expanded its global position to serve customers around the world, it is exciting to see how Webster University is establishing its own 'centers of excellence' here in China and elsewhere as it grows its reach into important international markets," Farr said. As the Walker School of Business' 2012 CEO of the Year, Farr joins an exclusive group of thought leaders, including IBM's retired chairman/CEO Sam Palmisano and Twitter creator Jack Dorsey.
Emerson, based in St. Louis, Missouri (USA), is a global leader in bringing technology and engineering together to provide innovative solutions for customers in industrial, commercial, and consumer markets around the world. The company comprises five business segments: Process Management, Industrial Automation, Network Power, Climate Technologies, and Commercial & Residential Solutions. Sales in fiscal 2011 were $24.2 billion. For more information, visit www.Emerson.com.
About Webster University
With its home campus in St. Louis, Webster University (www.webster.edu) is the only Tier 1, private, non-profit U.S.-based university providing a network of international residential campuses. Founded in 1915, Webster University's campus network today includes metropolitan, military and corporate locations around the world, as well as traditional residential campuses in Asia, Europe and North America. The university is committed to delivering high-quality learning experiences that transform students for global citizenship and individual excellence.
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