Franklin Electric Announces Appointment of Jennifer L. Sherman as Chairperson; Mark Carano Elected to be a Director of the Company

Leadership Changes - Jennifer L. Sherman has been elected as Chairperson of Franklin Electric Co., Inc. effective May 2, 2025, for a term expiring at the 2026 Annual Meeting of Shareholders [1] - Mark A. Carano has been appointed as a director effective May 7, 2025, for a term expiring at the 2027 Annual Meeting of Shareholders [1] Experience and Background - Jennifer L. Sherman has been a Director of Franklin Electric since 2015 and is currently the President and CEO of Federal Signal Corporation [1] - Mark A. Carano has extensive experience in finance and manufacturing, having served as CFO of SPX Technologies, Insteel Industries, and Big River Steel, along with 14 years in investment banking [1][2] Strategic Focus - Ms. Sherman expressed confidence in Mr. Carano's financial and manufacturing sector experience, highlighting its potential value for the company's growth through accretive acquisitions [3] Company Overview - Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and energy, serving various sectors including residential, commercial, agricultural, industrial, municipal, and fueling applications [4] - The company has received recognition in multiple categories, including Newsweek's lists of America's Most Responsible Companies 2024 and Greenest Companies 2025 [4]