Franklin Electric Co., Inc. (NASDAQ: FELE) recently celebrated the 10th anniversary of its global corporate headquarters in Fort Wayne, Indiana. On Friday, July 14th, the headquarters staff of Franklin Electric came together to celebrate the anniversary with a fun-filled day of activity. CEO Gregg Sengstack kicked off the celebration by addressing the employees and cutting the Read more
Gregg Sengstack
Franklin Electric Co., Inc. (NASDAQ: FELE) recently celebrated the 10th anniversary of its global corporate headquarters in Fort Wayne, Indiana.
On Friday, July 14th, the headquarters staff of Franklin Electric came together to celebrate the anniversary with a fun-filled day of activity. CEO Gregg Sengstack kicked off the celebration by addressing the employees and cutting the “anniversary” cake. Throughout the afternoon, as employees enjoyed outdoor lawn games, the Fort Wayne Philharmonic played bluegrass music. An ice cream truck was onsite, and food and beverages were also served to celebrate the milestone. Headquarter-based employees received a Franklin Electric memento to commemorate the event.
“As we celebrate the first decade at our Global Corporate Headquarters in Fort Wayne, Indiana, it gives us the opportunity to reflect on how much we’ve accomplished here,” said Gregg Sengstack, Chairperson of the Board & CEO. “Ten years ago, our goal was to expand our ability to provide our customers with complete water system solutions, and we’ve exceeded these expectations. We’ve grown by delivering reliable, trustworthy products, and the resources available here were a big part of that.”
Completed in 2013, Franklin Electric’s headquarters is 120,000 square feet and sits on 102 acres. The building is constructed with 294 tons of steel, and it’s powered by more than 70 Franklin Electric products. Outside, a cooling pond provides geothermal heating and cooling. The company was granted LEED Silver certification through the U.S. Green Building Council.
The headquarters also features a number of amenities to create a comfortable, productive forward-thinking environment, including collaborative areas to re-ignite creative thinking, onsite catering (with complimentary gourmet coffee), an in-house fitness center, state-of-the art meeting rooms, outdoor meeting areas and outdoor walking trails. The building features a significant collection of large-scale photographs by Canadian-born artist Edward Burtynsky focused on environmental and water infrastructure themes.
“This facility and the people who work here continue to drive our business forward,” said Sengstack. “Our Fort Wayne location houses not only our Global Corporate Headquarters, but it is also home to our 25,000-square-foot, state-of-the-art Engineering Center of Excellence where we test each product to ensure they deliver the performance that is critical to the markets and applications we serve.”
Franklin Electric Co., Inc. (NASDAQ: FELE) has been named to Newsweek magazine’s list of America’s Most Trustworthy Companies 2023 – the Company’s second consecutive win. This national recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider. Newsweek selected and ranked America’s Most Trustworthy Companies based on three key performance pillars: customer trust Read more
Franklin Electric Co., Inc. (NASDAQ: FELE) has been named to Newsweek magazine’s list of America’s Most Trustworthy Companies 2023 – the Company’s second consecutive win. This national recognition is presented by Newsweek and Statista Inc., the world-leading statistics portal and industry ranking provider.
Newsweek selected and ranked America’s Most Trustworthy Companies based on three key performance pillars: customer trust, investor trust and employee trust. Compiling the data for these indicators included surveying 25,000 U.S. residents, completing 95,000 company evaluations and conducting a Social Listening analysis. This involved researching over 270,000 social media mentions and rating them as positive, neutral or negative. In the end, 700 companies were identified across 23 industries.
“At Franklin Electric, we take great pride in helping individuals and communities access and protect some of our most important natural resources,” said Gregg Sengstack, Chairperson of the Board and Chief Executive Officer. “Knowing that we have the trust and confidence of our employees, our customers and our shareholders is important in all that we do. It assures that we are keeping our promises and helping people move forward in their lives, in their careers and with their businesses.”
The company often conducts its own employee engagement surveys to assure its workforce is engaged and satisfied. During the most recent survey, conducted in 2021, employees overwhelmingly ranked themselves as “extremely satisfied” with their careers at Franklin Electric, praising the company’s commitment to training, safety and overall managerial support.
Newsweek announced the winners on March 29. The complete list can be viewed on the publication’s website.
The board of directors of Franklin Electric Co., Inc. (NASDAQ: FELE) has elected Chris Villavarayan to be a director of the Company effective May 6, 2022. Mr. Villavarayan has been the Chief Executive Officer and President of Meritor, Inc. (NYSE: MTOR) since March 2021. Prior to his appointment as CEO, Mr. Villavarayan held a number Read more
The board of directors of Franklin Electric Co., Inc. (NASDAQ: FELE) has elected Chris Villavarayan to be a director of the Company effective May 6, 2022.
Mr. Villavarayan has been the Chief Executive Officer and President of Meritor, Inc. (NYSE: MTOR) since March 2021. Prior to his appointment as CEO, Mr. Villavarayan held a number of positions of increasing responsibility within Meritor, most recently serving as Executive Vice President and Chief Operating Officer with oversight of the company’s global operations for its Global Truck and Aftermarket & Industrial business segments.
Mr. Villavarayan earned a Bachelor of Science in Engineering from McMaster University in Hamilton, Ontario.
Mr. Gregg Sengstack, Franklin’s Chairperson and Chief Executive Officer, commented, “I have confidence that Chris’ extensive operational and manufacturing experience and his global outlook will provide a unique perspective to our deliberations. I join my fellow directors in welcoming Chris to the Board and we look forward to benefitting from his leadership and expertise.”
Franklin Electric Co., Inc. (NASDAQ: FELE) has been named to Newsweek’s list of America’s Most Responsible Companies 2022. This prestigious award is presented by Newsweek and Statista Inc., the world leading statistics portal and industry ranking provider. The awards list can currently be viewed on Newsweek’s website. “We are honored to receive recognition for the work we do Read more
Franklin Electric Co., Inc. (NASDAQ: FELE) has been named to Newsweek’s list of America’s Most Responsible Companies 2022. This prestigious award is presented by Newsweek and Statista Inc., the world leading statistics portal and industry ranking provider. The awards list can currently be viewed on Newsweek’s website.
“We are honored to receive recognition for the work we do to implement sustainable business practices not only on a global scale but at home in Fort Wayne, Indiana,” said Gregg Sengstack, Chairperson of the Board and Chief Executive Officer. “Across all the communities we operate in, we are committed to expanding the availability of clean water, creating products that help with resource conservation, and addressing growing environmental safety concerns around fueling.”
Franklin Electric has made significant investments in research and development to improve the efficiency of its products and continues to deliver products such as the MagForce™ High Efficiency Motor System. Additionally, the company’s Global Product Supply team has placed a heavy focus on sustainability initiatives within Franklin Electric’s production and manufacturing facilities across select global facilities. For 2020 this included LED lighting upgrades, air quality control systems, waste stream audits, solar panel installations and UV mitigation efforts. Franklin Electric is also committed to reducing water consumption, for example, by eliminating the washing process for circuit boards in its Guadalupe, Mexico manufacturing facility, which is expected to save 5.9 million gallons of water per year.
The company is also recognized worldwide for their commitment to helping some of the most underserved communities access safe, clean drinking water. The Franklin Wells for the World Foundation (FWWF) provides safe, reliable and cost-effective water supplies to developing regions, focusing on Africa where the need is greatest. To date, the FWWF has impacted the lives of hundreds of thousands of people in over 10 countries by bringing clean water to the surface.
America’s Most Responsible Companies were selected based on publicly available key performance indicators (KPIs) derived from CSR Reports, Sustainability Reports, and Corporate Citizenship Reports as well as an independent survey. The KPIs focused on company performance in the environmental, social, and corporate governance areas, while the independent survey asked U.S. citizens about their perception of company activities related to corporate social responsibility.