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Rockwell Automation names new senior VP of Software & Control

EditorIsmeta Mujdragic
Published 02/09/2024, 09:45 AM
Updated 02/09/2024, 09:45 AM
© Reuters.

MILWAUKEE - Rockwell Automation, Inc. (NYSE: NYSE:ROK), a global leader in industrial automation and digital transformation, has appointed Matheus Bulho as the new Senior Vice President of Software & Control, starting April 1. Bulho will be directly reporting to the company's Chairman and CEO Blake Moret.

Bulho's promotion follows his tenure as Vice President and General Manager for the Production Automation business unit within the same segment. His efforts have been instrumental in aligning product development and management with Rockwell's strategic goals, enhancing customer value throughout their journey.

With over two decades of experience at Rockwell, Bulho has a comprehensive background in the company, having started in the technical support group in Brazil and subsequently moving through roles in field services engineering, sales engineering, product management, business management, and various leadership positions.

Blake Moret praised Bulho's appointment, emphasizing his track record in driving operational excellence and profitable growth, as well as his deep understanding of Rockwell's technology, culture, and customer base.

Bulho's educational background includes an MBA from the University of Chicago Booth School of Business and a bachelor's degree in electrical engineering from UNESP Brazil.

He succeeds Brian Shepherd, who will depart from Rockwell in June to pursue other interests. As the new Senior Vice President, Bulho will oversee the segment that encompasses control and visualization software and hardware, information software, and network and security infrastructure.

Rockwell Automation, headquartered in Milwaukee, Wisconsin, employs approximately 29,000 individuals across more than 100 countries.

This leadership change is based on a press release statement from Rockwell Automation.

InvestingPro Insights

As Rockwell Automation (NYSE: ROK) welcomes Matheus Bulho into his new role as Senior Vice President of Software & Control, investors and industry observers are closely monitoring the company's financial health and market performance. Rockwell Automation's commitment to innovation and customer value is reflected not only in its leadership appointments but also in its financial metrics and strategic decisions.

InvestingPro data indicates that Rockwell Automation has a market capitalization of $32.02 billion, showcasing its significant presence in the industrial automation sector. The company's P/E ratio stands at 25.61, which, when adjusted for the last twelve months as of Q1 2024, slightly increases to 26.02. This valuation metric can provide insight into how the market currently values Rockwell relative to its earnings. Furthermore, Rockwell Automation's revenue growth over the last twelve months has been impressive at 15.79%, highlighting the company’s ability to expand its business in a competitive landscape.

Among the InvestingPro Tips, it is notable that Rockwell Automation has a perfect Piotroski Score of 9, which could signal strong financial health and potentially lower investment risk. Additionally, the company has raised its dividend for 14 consecutive years, reflecting a commitment to returning value to shareholders consistently. This is further evidenced by the company maintaining dividend payments for 54 consecutive years. These factors are particularly relevant for investors seeking stable dividend-paying stocks.

For those looking to delve deeper into Rockwell Automation's financials and market performance, InvestingPro offers additional insights and tips. There are currently 15 more tips available, which can be accessed by visiting https://www.investing.com/pro/ROK. To take advantage of these insights, readers can use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription, helping to make more informed investment decisions.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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