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SPX Enhances Global Leadership Team

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CHARLOTTE, N.C., Aug. 07, 2018 (GLOBE NEWSWIRE) -- SPX Corporation (NYSE:SPXC) today announced the expansion of its global executive leadership team, with the addition of Ankush Kumar, who has joined the company as President, HVAC Cooling. In addition, Randy Powell, a current executive, will lead SPX's Process Cooling business.

The addition of Mr. Kumar and the expertise of Mr. Powell strengthen the dedicated leadership and global growth and management capabilities of the company. These additional resources and enhanced strategic focus support SPX's initiatives of increasing its global presence in HVAC Cooling and growing sales of parts, components and services in Process Cooling.

Mr. Kumar brings an extensive background in strategy development, global operations, M&A, channel management, and strategic pricing. He joins SPX Corporation from Gardner Denver Holdings, Inc., a global industrial manufacturer, where he led the fluid transfer equipment and compressor systems business. Prior to Gardner Denver, he spent 13 years at McKinsey & Company's Global Energy Equipment and Services practice, where his focus was growth through strategy deployment, business development and commercial performance transformation. He holds a Ph.D. in Chemical Engineering from the University of Delaware, and a Bachelor's degree from the Indian Institute of Technology.

"We are pleased to welcome Ankush Kumar to lead our global HVAC Cooling team," said Gene Lowe, SPX's President and Chief Executive Officer. "With his strong track record of successfully growing global industrial equipment and aftermarket service businesses, he will be instrumental in further developing our strategy and positioning within the global HVAC Cooling market. In addition, enhancing our dedicated focus on Process Cooling under the leadership of Randy Powell will support the success of our components and services growth initiative in that business." 

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 $1.4 billion in annual revenue in 2017 and more than 5,000 employees in 14 countries. SPX Corporation is listed on the New York Stock Exchange under the ticker symbol "SPXC." For more information, please visit www.spx.com.

SOURCE SPX Corporation.

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

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