Franklin Electric Appoints Interim CFO Following Jeffery Taylor’s Departure
Fort Wayne, IN – March 28, 2025 – Franklin Electric Co., Inc. (NASDAQ: FELE) announced that Jeffery Taylor, the company’s Vice President and Chief Financial Officer, has officially resigned from his position, effective March 28, 2025. His departure was previously disclosed in a filing on February 24, 2025.

Effective the same day, the company has appointed Russell Fleeger, currently Chief Financial Officer of Franklin’s Water Systems Segment, as Interim Chief Financial Officer. Fleeger will serve in this interim capacity until a permanent CFO is named.

In recognition of his expanded responsibilities, Mr. Fleeger will receive a monthly stipend of $20,000 in addition to his current salary. Additionally, he was granted $100,000 in restricted stock on February 28, 2025. The equity award is subject to standard vesting and other terms under the company’s grant agreement.

Franklin Electric noted that Fleeger has no material relationships or transactions requiring disclosure and that his appointment was not the result of any arrangement with another individual or party.