The National Association of Electrical Distributors (NAED), St. Louis, has received a $500,000 commitment by Eaton Corp. to the NAED Education & Research Foundation.
“Eaton has long been committed to the valued role of electrical distribution to our industry and is proud to support the NAED Education & Research Foundation. We are always looking for ways to improve our business processes and to add value for our customers and channel partners. We applaud NAED’s efforts to foster innovation among its membership through programs like the Channel Advantage Partnership. Fresh ideas and fresh approaches will continue to ensure the mutual success of both distributors and manufacturers,” said Randy Carson, senior vice president and group executive for Eaton.
Eaton is a diversified industrial manufacturer with 2004 sales of $9.8 billion. The company has 55,000 employees and sells products to customers in more than 125 countries.
The company’s donation will become part of an endowment fund for the NAED Education & Research Foundation. The principal amount of the endowment will remain untouched, while the interest will be used to commission future projects and studies. As a $500,000 donor, Eaton will be recognized at the regent level and have a permanent position on the Channel Advantage Partnership Council, which will help select future educational programs and research projects.
For more information about contributing to the Foundation endowment, contact Bill Elliott, Channel Advantage Partnership Council chairman, at (936) 569-1184 or [email protected].