Panduit (Tinley Park, IL): Shannon McDaniel was appointed CEO and president effective Jan. 1, 2022. McDaniel, who currently serves as the company's CFO, will succeed current CEO and President Dennis Renaud, who will retire at the end of 2021. Following his planned retirement, Renaud will continue supporting the transition in an advisory capacity through the first quarter of 2022.
Panduit Executive Chair Andrew Caveney said in the press release, “Shannon has also built the trust of our employees, and the Board is confident that he will apply his deep industry knowledge and keen business acumen to lead Panduit. Our long-term investment horizon, outstanding employees, and agile business processes have allowed us to build business momentum through the downturn. The digital economy, the drive for zero carbon emissions, and electrification trends are having a profound impact on our markets. Panduit is well positioned to apply our problem-solving mindset to solve technical challenges as new technologies transform our data center, enterprise, and industrial businesses.”
McDaniel has served in a variety of leadership positions over his 30-year career. Prior to joining Panduit as CFO, he excelled in global financial leadership roles during his 14 years with Eaton, including serving as the company’s director of finance for its EMEA electrical business and VP of finance for the Americas systems and services group. McDaniel holds a Bachelor of Science in Accounting from Northern Illinois University.