SPX Enhances Business Development and Strategy Team

CHARLOTTE, N.C., Sept. 12, 2017 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced the appointment of Franklin McClelland as Vice President, Business Development and Strategy.

Mr. McClelland joins SPX Corporation from Allegion Plc where he was Vice President, Strategy and Business Development. During his time at Allegion, he was instrumental in the completion of over 15 transactions which helped transform the organizational portfolio into a network of market-leading brands. He brings an extensive skillset in mergers & acquisitions and strategy acquired through prior experience including roles at Ingersoll Rand (Allegion’s former parent company) and The Boston Consulting Group. Franklin holds a BA from Williams College and an MBA from the Kellogg School of Management at Northwestern University.

“We are pleased to welcome Franklin to lead our business development and strategy efforts,” said Gene Lowe, SPX's President and Chief Executive Officer. “With his extensive experience in corporate strategy and M&A, Franklin will play a critical role as we execute on our organic and inorganic growth initiatives.”

About SPX Corporation: SPX Corporation is a supplier of highly engineered products and technologies, holding leadership positions in the HVAC, detection and measurement, and engineered solutions markets. Based in Charlotte, North Carolina, SPX Corporation had approximately $1.5 billion in annual revenue in 2016 and more than 5,000 employees in about 15 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol “SPXC.” For more information, please visit www.spx.com.

Investor and Media Contacts:
Paul Clegg, VP, Investor Relations and Communications
Phone: 980-474-3806
E-mail: spx.investor@spx.com

Pat Uotila, Manager, Investor Relations
Phone: 980-474-3806
E-mail: spx.investor@spx.com

Source:SPX Corporation