Hubbell Incorporated has announced that Pete Lau has stepped down as president of Hubbell’s Electrical Solutions (“HES”) segment, effective September 30, 2022. His departure follows a mutual determination by the Company and Mr. Lau to transition HES to new leadership. Mr. Lau will be pursuing opportunities outside the Company following his departure.
Hubbell has initiated a search to identify the next leader for HES, and the Company expects to consider both internal and external candidates for the role. During this interim period, the leaders of the segment’s four strategic business units will report directly to Gerben Bakker, Hubbell’s Chairman, President and CEO.
“Hubbell Electrical Solutions is well-positioned for continued success and we are confident in the segment’s near- and long-term financial outlook, as well as its ability to continue delivering value for our customers through quality, reliability, and service,” said Mr. Bakker. “Since unifying HES into one operating segment two years ago, we have established a strong foundation and an effective strategy. Importantly, we have a deep bench of talent, and we expect to build on recent momentum with a strong finish to 2022 while we conduct a search to identify the next leader.” “I want to thank Pete for his leadership and contributions to Hubbell over the last two years and wish him the best,” concluded Mr. Bakker.