Surendralal Karsanbhai on environment
From Mad Money: One-On-One with Emerson President and CEO Lal Karsanbhai · · Emerson
“The transformation from valves, heating, air conditioning, and incinerators to composting and environmental solutions is metaphorically about moving from wastefulness to saving the environment.”
On , Surendralal Karsanbhai, President, Chief Executive Officer & Director at Emerson Electric Co, spoke about environment during Mad Money: One-On-One with Emerson President and CEO Lal Karsanbhai on Emerson.
About Surendralal Karsanbhai
In a November 2022 interview on CNBC's Mad Money, Emerson Electric President and CEO Lal Karsanbhai discussed the company's transformation into an automation-focused firm. Karsanbhai stated that Emerson is "transforming itself into a high-growth, high-margin, high free cash flow automation company." He noted that over 70% of Emerson's sales are tied to sustainability-enabling technologies and that the company's R&D investment exceeds 6% of sales, with half of its 5,000 R&D engineers dedicated to software development. Karsanbhai described the company's growth strategy as including targeted M&A activity in a $230 billion total addressable market, with a focus on energy, life sciences, and industry sectors. Karsanbhai also addressed the company's portfolio evolution, moving from traditional products like valves and incinerators to composting and decarbonization solutions. He said that Emerson's focus on digital transformation, energy affordability, and security is critical for the future of energy and industrial sectors worldwide. Despite challenging market conditions, Karsanbhai stated that Emerson has successfully executed divestitures and maintained growth, demonstrating resilience and strategic focus.