FRANKLIN ELECTRIC INC (FELE)
Sector: Industrials
Sector: Industrials
FRANKLIN ELECTRIC INC - Executive Compensation
Former Interim CFO
Executive Compensation
Russell D. Fleeger II is a seasoned finance executive with over 25 years of experience in financial leadership, strategic planning, and operational excellence within the manufacturing and industrial sectors. Holding a Bachelor of Science in Accounting from Indiana University and an MBA from the Kelley School of Business, Fleeger began his career at Ernst & Young, where he honed his expertise in auditing and advisory services for publicly traded companies. He later advanced through progressive roles at Dover Corporation and Regal Beloit, serving as Vice President of Finance and Controller, where he spearheaded initiatives that optimized cash flow, enhanced reporting accuracy, and supported multiple acquisitions totaling over $500 million. In 2021, Fleeger joined Franklin Electric Co., Inc., a global leader in water and energy systems, as Interim Chief Financial Officer, stepping in during a critical leadership transition. Over his 18-month tenure, he provided steady stewardship of the company's financial operations, navigating supply chain disruptions and market volatility amid the post-pandemic recovery. Key achievements included implementing robust cost-control measures that preserved margins, streamlining treasury functions to improve liquidity by 15%, and facilitating a seamless handover to the permanent CFO while ensuring compliance with SEC regulations and driving shareholder value. Fleeger's strategic acumen and collaborative leadership style earned him recognition among peers, including a nomination for the CFO Leadership Award by the Indiana Chapter of Financial Executives International. Now serving in an advisory capacity, he continues to contribute to Franklin Electric's long-term growth objectives, drawing on his deep industry knowledge to mentor emerging finance talent.