Global Financial Leader Eileen Cavanaugh Joins Franklin Energy as Chief Financial Officer

PORT WASHINGTON, Wis. – Franklin Energy and AM Conservation Group, the leading demand-side management firm in the utility industry, announced today the appointment of widely respected senior finance executive Eileen Cavanaugh as the company’s new chief financial officer.

In this role, Cavanaugh will drive business strategy to transform processes, realize strategic cost reduction and guide the companies through a period of transition and growth. Bringing over 30 years of experience and an exceptional record of delivering results, she is an inclusive and influential business partner known for building outstanding teams and developing best-in-class finance leaders through clear-sighted leadership and straightforward communication.

“Eileen is an incredible addition to our team who will bring diversity of thought and drive results for our team,” said Jim Madej, Franklin Energy and AM Conservation Group CEO. “I look forward to working together and leveraging her expertise to help guide our organization well into the future.”

Before joining Franklin Energy, Cavanaugh had a remarkable 30-year career with General Electric, most recently as chief financial officer of global operations, where she led finances of the $1.5B global shared services operation of 10,000+ employees across five global centers and 12 regions serving GE businesses in 86 countries. Prior to that, she served in executive positions focused in financial planning and analysis, operations analysis and accounting. Earlier in her career, Cavanaugh rotated through General Electric business units, ranging from industrial systems to GE Power, in the United States and abroad as part of their leadership development program.

“Franklin Energy and AM Conservation Group are growing organizations with huge potential,” said Cavanaugh. “I am excited to join this team and play a role in that growth.”

Cavanaugh holds an MBA in International Business from Rensselaer Polytechnic Institute, a B.A. in Economics and Political Science from Fairfield University, where she graduated Cum Laude, and is Lean Six Sigma-Green Belt certified. Active in her community, she is a McGivney Community Center Board Member, Special Olympics-Unified Sports Board of Control Member, and mentor for Fairfield University Business School students.

About Franklin Energy

Franklin Energy delivers flexible energy efficiency and grid optimization programs that enable utilities to achieve their highest-priority goals. The company’s integrated in-house services and proven software provide deeper personalization and insights, acting as a true partner to utilities. Franklin’s NGAGE™ platform is a scalable end-to-end technology that seamlessly integrates utility portfolio programs into a single interface for more efficient management and more effective customer engagement. The company is celebrating its 25th year serving the utility industry, with solutions implemented by more than 1,000 experts in more than 60 offices across 26 states and provinces.

About AM Conservation Group

Since 1989, AM Conservation Group has been the utility industry’s leading provider of energy- and water-saving products, kits, education and online stores. We manufacture and distribute nearly 400 energy efficiency and water conservation products, which are custom engineered for the unique needs of the industry and carry ENERGY STAR® and WaterSense® certifications. AM Conservation Group’s product lines include Niagara Conservation and Simply Conserve®.