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Tuesday 16 April, 2002




    LONDON-(BUSINESS WIRE)-April 16, 2002-

      Eaton Corporation Appoints Richard H. Fearon Executive Vice
           President and Chief Financial & Planning Officer

Diversified industrial manufacturer Eaton Corporation (NYSE:ETN)
today announced that Richard H. Fearon has been appointed executive
vice president and chief financial & planning officer, effective April
15, 2002. Fearon has responsibility for the accounting, controller,
corporate development, information systems, investor relations,
strategic planning, tax and treasury functions. He reports to
Alexander M. Cutler, Eaton's chairman and chief executive officer and
is located at the company's world headquarters here.

Rick is an outstanding strategic thinker whose broad range of
skills, expertise and experience directly supports Eaton's vision of
becoming a premier diversified industrial company," said Cutler. "His
track record of business and personal achievements mirrors the culture
of performance, learning and change that we are building at Eaton."

Fearon joined Eaton from Willow Place Partners, a Menlo Park,
CA-based corporate advisory firm that he founded in 2001. From 1995 to
2000, he was with Transamerica Corporation, where he most recently
served as senior vice president of corporate development. From 1990 to
1995, Fearon was general manager, corporate development for
Singapore-based NatSteel Ltd. and vice chairman, NatSteel Chemicals.
Prior to that, he worked with management consulting firms Booz Allen &
Hamilton in Singapore and The Boston Consulting Group in Los Angeles,
CA, and served as director of strategic planning for The Walt Disney
Company in Burbank, CA.

Fearon holds a Master of Business Administration degree from
Harvard Business School, where he was a Baker Scholar, and a Juris
Doctor, cum laude, from Harvard Law School. He received a Bachelor of
Arts degree in economics, with distinction, from Stanford University,
where he was elected to Phi Beta Kappa.

Eaton Corporation is a global $7.3 billion diversified industrial
manufacturer that is a leader in fluid power systems; electrical power
quality, distribution and control; automotive engine air management
and fuel economy; and intelligent truck systems for fuel economy and
safety. Eaton has 48,000 employees and sells products in more than 
50 countries. For more information, visit
   Category Code: MSC
   Sequence Number: 00000012
   Time of Receipt (in Greenwich Mean Time): 16-APR-2002 02:45 PM GMT

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