Eaton Names Sergio Letelier Senior Vice President, Corporate Development, Planning and Strategy

DUBLIN--(BUSINESS WIRE)--Mar 10, 2025--

Intelligent power management company Eaton (NYSE:ETN) today announced that Sergio Letelier has been named senior vice president, corporate development, planning and strategy, effective March 17, 2025. In this role, Letelier will be responsible for leading Eaton’s corporate strategy and global mergers and acquisitions activity, reporting to Olivier Leonetti, executive vice president and chief financial officer, and will join the company’s executive leadership team.

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Letelier joins Eaton from Hewlett Packard Enterprise, where he served as senior vice president and head of corporate development. There he was responsible for leading all corporate development and merger & acquisition strategy for the enterprise. Previously, he held several roles of increasing responsibility at Hewlett Packard over more than 20 years, including vice president, corporate securities and M&A, vice president, transformation execution and governance, and vice president, corporate, M&A and ventures.

“Sergio’s broad, global experience, track record of successful transactions and expertise, including in the data center vertical, make him the ideal candidate to lead our strategy and portfolio,” said Leonetti. “I look forward to partnering with him to take Eaton’s portfolio management to the next level and drive further profitable growth for our business.”

Letelier holds master’s degrees in finance, tax and strategy from HEC Paris, a master’s in tax and business law from University of Paris I Pantheon Sorbonne, a master’s in French and German business law from the University of Cologne, as well as an executive master’s in business administration from Quantic School of Business and Technology.

Eaton is an intelligent power management company dedicated to protecting the environment and improving the quality of life for people everywhere. We make products for the data center, utility, industrial, commercial, machine building, residential, aerospace and mobility markets. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re helping to solve the world’s most urgent power management challenges and building a more sustainable society for people today and generations to come.

Founded in 1911, Eaton has continuously evolved to meet the changing and expanding needs of our stakeholders. With revenues of nearly $25 billion in 2024, the company serves customers in more than 160 countries. For more information, visit www.eaton.com. Follow us on LinkedIn.

Eaton names Sergio Letelier senior vice president, corporate development, planning and strategy (Photo: Business Wire)

NEW YORK (AP) — Fortnite says it's now unavailable on Apple's iOS globally because the tech giant blocked a bid to rerelease the popular video game for iPhone users in the U.S. and Europe.

“Apple has blocked our Fortnite submission so we cannot release to the U.S. App Store or to the Epic Games Store for iOS in the European Union," Epic Games-owned Fortnite wrote on X, the platform formerly known as Twitter, early Friday — claiming that Apple's move would now prevent the game's iOS availability around the world.

“Sadly, Fortnite on iOS will be offline worldwide until Apple unblocks it,” Fortnite said.

In a statement sent to The Associated Press, Apple said it had specifically asked Epic Sweden to resubmit the app update “without including the U.S. storefront of the App Store so as not to impact Fortnite in other geographies.” But, the company added, it "did not take any action to remove the live version of Fortnite from alternative distribution marketplaces.”

Fortnite's exile from the iPhone app store is the latest twist in a yearslong feud between Apple and Epic. Back in 2020, Apple pulled Fortnite from its app store and Epic filed an antitrust lawsuit against the company in the U.S., alleging the technology trendsetter was illegally using its power to gouge game makers.

After a monthlong trial in 2021, U.S. District Judge Yvonne Gonzalez Rogers ruled against most of Epic’s claims, but ordered Apple to loosen its previously-exclusive control over the payments made for in-app commerce and allow links to alternative options in the U.S. for the first time — threatening to undercut sizable commissions that Apple had been collecting from in-app transactions for over a decade.

After exhausting an appeal that went all the way to the U.S. Supreme Court, Apple last year introduced a new system that opened the door for links to alternative payment options while still imposing a 27% commission on in-app transactions executed outside its own system.

Epic fired back by alleging Apple was thumbing its nose at the legal system, reviving another round of court hearings that lasted nearly a year before Gonzalez Rogers delivered a stinging rebuke last month — which held Apple in civil contempt and banned the company from collecting any commission on alternative payment systems.

That ruling cleared the way for Epic to finally return to the iPhone app store in the U.S., a reinstatement the video game maker was anticipating before Apple’s latest move.

Fortnite's availability in the EU, meanwhile, is under an alternative store for iPhone users — now called the Epic Games Store. Apple last year cleared the way for this last year under new regulatory pressures. As a result, Fornite and other Epic games had been available for download on iPhones using this store in the EU since August 2024.

Liedtke reported from San Francisco.

FILE - Shoppers look at Apple products in the Apple Store at the Walden Galleria in Buffalo, NY, on Saturday, Nov. 30, 2024. (AP Photo/Gene J. Puskar, File)