Enovation Controls Announces Retirement of President and CEO, Patrick W. Cavanagh

TULSA, Okla., April 5, 2016 – Enovation Controls announced today that its President and CEO, Patrick (Pat) W. Cavanagh, will retire July 1, 2016. Cavanagh was named CEO three years ago by its founders, Frank W. Murphy III and Dr. Kennon Guglielmo, who formed Enovation Controls in 2009. Mr. Murphy and Mr. Guglielmo will serve as co-CEOs for Enovation Controls and Cavanagh will continue to serve on its advisory board. David Buntin, Vice President of Engineering and Research & Development, will expand his responsibilities starting June 1, 2016, in the newly formed position of Chief Operating Officer.

“Pat’s extensive industry expertise put us in a stronger position to capitalize on future business opportunities,” said Mr. Murphy, Executive Chairman of the Board for Enovation Controls. “His global experience was instrumental in growing our international footprint and ensuring we employ consistent, high quality processes at our facilities worldwide. We’re grateful for his leadership.”

Mr. Cavanagh worked with senior management on the strategic realignment of the Enovation Controls’ four product groups: Engine Controls and Fuel Systems, Natural Gas Production Controls, Power Controls and Vehicle Technologies. The reorganization streamlined operations and enabled Enovation Controls to better meet customers’ needs and take advantage of opportunities in the marketplace. Cavanagh also significantly improved the company’s global manufacturing footprint, continuing the standardization of operations by implementing Lean Six Sigma best practices at its manufacturing facilities and upgrading buildings and equipment to achieve substantial cost savings. Under his leadership, Enovation Controls increased its investment in R&D by 20 percent, enabling the successful launch of new product platforms for heavy-duty on-highway engine fuel control, natural gas compression, vapor recovery, industrial pump and hydraulic control, and off-highway recreational vehicle display technologies. To capitalize on these new platforms globally, Cavanagh spearheaded construction of the company’s new China Enovation Center, a state-of-the-art engine and development facility, and added experienced, in-country Chinese leadership in engineering, sales and marketing to support business throughout Asia. He also consolidated and refocused its European business.

Mr. Cavanagh will continue as President and CEO until July 1 and then transition to Enovation Controls’ advisory board.

About Enovation Controls
Enovation Controls, LLC, is the company formed from the 2009 merger of FW Murphy and EControls. The company combines the wide-ranging control and display capabilities of the Murphy brand with the extensive engine control expertise of the EControls brand. As a leader in the highly attractive, fast growing natural gas market, Enovation Controls’ systems-based solutions are utilized in many markets including: commercial vehicles, natural gas compression and liquids, off-highway, material handling, agriculture and both recreational and commercial marine.