David Nelson Farr (born 1955) is an American business executive. He was the chairman and CEO of Emerson Electric Company , a Fortune 500 company. Farr has worked at the company since 1981 and retired as CEO on Feb 5, 2021. He is married to Lelia Far, with whom he has two children, and is a resident of Ladue , Missouri .
14-408: David Farr may refer to: David Farr (businessman) , American businessman David Farr (theatre director) , British writer and director [REDACTED] Topics referred to by the same term This disambiguation page lists articles about people with the same name. If an internal link led you here, you may wish to change the link to point directly to
28-546: A cash bonus of $ 1,500,000, stock grants of $ 3,735,000, and other compensation totaling $ 496,237. Farr was the 2007 campaign chair for the United Way of Greater St. Louis, leading the community to raise a record-breaking $ 68.8 million to help people in the 16-county region of metro St. Louis. He was also named one of the Top 25 Managers in 2000. Emerson has been awarded as well under Farr's management having been named one of
42-532: A degree in chemistry in 1977. He went on to earn an MBA from the Owen Graduate School of Management at Vanderbilt University in 1981. Farr began his career at Emerson in 1981. He held various positions upon his initial employment including manager of investor relations, vice president of corporate planning and development, president of the Ridge Tool division and group vice president for
56-495: The 100 Best Corporate Citizens in 2004. Institutional Investor magazine named David Farr, CEO of Emerson EMR, one of The Best CEOs in America in the electrical equipment and multi-industry in 2008. Farr is married with two children and is a resident of Ladue , Missouri . Institutional Investor (magazine) Institutional Investor magazine was a periodical published by Euromoney Institutional Investor . It
70-582: The CEO of the new unit is Francis Cashman. Institutional Investor published global research and issues rankings throughout the year that often served as industry benchmarks. Latterly, this was provided through Institutional Investor Research. Top-line results were published in the magazine during its time in publication while the full details are published on the II Research website (now Extel ). The rankings include: This trade magazine–related article
84-806: The United States, particularly the People's Republic of China. Under Farr's leadership, Emerson laid off 14% of its U.S. workforce in 2009, eliminating nearly 20,000 jobs. While speaking at the Baird Industrial Outlook Conference in Chicago, in November 2009, Farr attacked the Obama administration for its attention to "labor rules" and "health reform", and stated: "What do you think I'm going to do? I'm not going to hire anyone in
98-453: The United States. I'm moving." As a devotee of the St. Louis Cardinals baseball team, Farr was noted for swinging one five baseball bats he kept in his office to help him concentrate. He also used them to prod Emerson executives to speak during earnings calls. While CEO of Emerson Electric in 2009, David N. Farr earned a total compensation of $ 6,899,987, which included a base salary of $ 1,168,750,
112-791: The board of directors for IBM, the Delphi Corporation , the United Way of Greater St. Louis and is a member of The Business Council . During Farr's tenure, Emerson maintained its six-decade record of annual dividend increases, despite trade wars and a worldwide pandemic. Under Farr's leadership, the company became a $ 16.8 billion global corporation with some 200 factories and 85,000 employees, including about 1,400 at its headquarters in Ferguson, Missouri (a suburb of St. Louis). Farr aggressively moved Emerson production and design operations to low-cost, low-regulation environments outside
126-459: The industrial components and equipment business. He ascended the corporate ladder serving as president of Emerson Electric Asia-Pacific and then chief executive officer of Emerson's Astec joint venture Astec (BSR) PLC . He eventually became a senior executive vice president and chief operating officer in 1999. He was eventually named CEO in October 2000, succeeding Charles F. Knight who had held
140-399: The intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=David_Farr&oldid=1120571083 " Category : Human name disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages David Farr (businessman) On October 25, 2011, IBM announced Farr
154-434: The position for the previous 27 years. Farr was only the third CEO in the company's history. Upon his retirement, he was succeeded by Surendralal "Lal" Karsanbhai, who was executive president of Emerson's largest business segment, Automation Solutions, from 2018 until being named CEO. Additionally, Farr was elected chairman of the board of Emerson in 2004 and relinquished that position May 4, 2021. Farr currently serves on
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#1732802203373168-421: Was announced that Diane Alfano, the CEO of Institutional Investor, would be stepping down effective June 30, 2021. Alfano has worked at Institutional Investor since 1984. According to the announcement, her resignation comes as Euromoney, the publication's publicly-traded parent company, plans to merge Institutional Investor with sister companies BCA Research and NDR into an asset management division. As of May 2021,
182-472: Was elected to its board of directors, and he joined the board on January 1, 2012. Farr was born in the United States in 1955. He grew up in Corning, New York, where his father was a math teacher before becoming a plant manager at glassmaker Corning Inc. The job moved the family to England, where his mother died from a cerebral hemorrhage when Farr was 18. He went to Wake Forest University and graduated with
196-709: Was founded in 1967 by Gilbert E. Kaplan . A separate international edition of the magazine was established in 1976 for readers in Europe and Asia. The magazine ceased its print format in April 2018. Capital Cities Communications purchased the magazine in early 1984. The Walt Disney Company bought Capital Cities in 1996 and sold the magazine to Euromoney one year later. Institutional Investor has offices in New York City , London and Hong Kong . In 2018, Institutional Investor became digital only. In March 2021, it
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