A. O. Smith Corporation has appointed Stephen Shafer as its new President and Chief Operating Officer. Shafer, an experienced global executive, will be responsible for leading the company’s global business units, including operations, engineering, and IT.
Shafer brings a wealth of experience to the role, having previously worked at 3M Company where he held several positions with increasing levels of responsibility in both the U.S. and China. Most recently, he served as the President of the Automotive and Aerospace Solutions Division for 3M Company. Prior to 3M, Shafer worked for McKinsey & Company and Ford Motor Company, focusing on manufacturing, supply chain, and operational improvement.
A. O. Smith Corporation expressed excitement in welcoming Shafer, noting that his strategic business acumen and extensive experience in global operations will be invaluable as the company continues to create value for its customers, employees, and shareholders.
Shafer holds an MBA from Harvard Business School and a Bachelor of Science degree in industrial engineering from Northwestern University. He will be relocating to the Milwaukee area for his new role.
A. O. Smith Corporation, which is celebrating its 150th year of business, is listed on the New York Stock Exchange (NYSE: AOS) and is a global leader in applying innovative technology and energy-efficient solutions to products manufactured and marketed worldwide. The company is known for being one of the world’s leading manufacturers of residential and commercial water heating equipment and boilers, as well as water treatment products. Following these announcements, the company's shares moved -0.8%, and are now trading at a price of $86.36. Check out the company's full 8-K submission here.
