The CGMA Annual Awards, also known as the “Finance Oscars”, were held recently in Shanghai. CGMA is a professional management accounting designation that was created by the American Institute of Certified Public Accountants (AICPA) and the Chartered Institute of Management Accountants (CIMA). CGMA carried out a months-long online selection for the awards, involving almost 100,000 voters. After fierce competition and rigorous monitoring, counting and auditing by Ernst & Young, 10 enterprises and 14 people were honored with awards, among which Eaton received two awards.

Jin Yan, CFO, Eaton Asia Pacific, received the “CGMA Annual Award 2017 - Financial Pioneer”, which aims to commend financial leaders who have made outstanding contributions in China. As one of the longtime heads of Eaton China, Mr. Jin has witnessed Eaton’s growth in China and contributed tremendously during the process.

“I would like to express my sincerest gratitude to the CGMA, judges from universities, and especially the Eaton financial team! It is because of your hard work and great efforts in 2017 that Eaton China won these two CGMA awards. The past is not yet gone, but the future has already come. Let’s continue to lead the changes in 2018,” Mr. Jin said at the awards ceremony.

The Eaton Global Financial Service & System (SSC) in Suzhou won the only “CGMA Best Shared Service Center of the Year 2017” award. This award celebrates the achievements of a shared service center that has demonstrated the value that the SSC has brought to the organization, and has been a key factor of the success of the whole organization. The Eaton Global Financial Service & System has always adhered to the concept of serving the company and internal clients, while playing an important role in the company’s strategic development and execution.

Lily Pan, Head of Eaton Global Financial Service & System, accepted the “CGMA Best Shared Service Center of the Year 2017” award, and said: “It is Eaton’s honor to be awarded the only ‘CGMA Best Shared Service Center of the Year 2017’. Thanks for the recognition to Eaton shared service center. We adhere to a high efficiency, end-to-end process integration and fully committed operation concept, and will continue to explore innovative financial management methodologies, to improve efficiency, optimize operation, further promote the development and execution of the shared service center strategies, and support Eaton’s sustainable development as part of headquarters.”

The awards to Jin Yan and the Eaton Global Financial Shared Service Center are not only an affirmation of Eaton’s financial team, but also the embodiment of Eaton China’s sustained efforts in innovating financial work, improving business performance, creating social values and fulfilling social responsibility.

Eaton is a power management company with 2016 sales of $19.7 billion. We provide energy-efficient solutions that help our customers effectively manage electrical, hydraulic and mechanical power more efficiently, safely and sustainably. Eaton is dedicated to improving the quality of life and the environment through the use of power management technologies and services. Eaton has approximately 96,000 employees and sells products to customers in more than 175 countries. For more information, visit Eaton.com.