TKE Appoints New CEO, Predecessor to Retire

Uday Yadav has been appointed CEO of TK Elevator (TKE), effective May 16, as predecessor Peter Walker has decided to retire, the company announces. Yadav joins TKE from the global power management company Eaton, where he served as president and chief operating officer (COO) of the company’s electrical sector. In this role, he was responsible for the company’s global electrical business with 55,000 employees and revenues of US$14 billion. He was also in charge of corporate responsibility for Europe, Middle East and Africa operations. Yadav held additional roles at Eaton, including president and COO of the industrial sector, president of the aerospace group, executive vice president of the Eaton Business System, president of the hydraulics Asia-Pacific region and a number of senior positions across global offices, including India. Yadav has a double degree with honors in engineering and business from Nottingham Trent University in the U.K. Former CEO Walker has decided to retire after more than 25 years with TKE and return home to Australia. He led TKE in 2020 when it became private and helped develop its comprehensive strategy. Walker and his leadership team successfully guided TKE during the sale of the former elevator division of industrial group thyssenkrupp to a private equity consortium led by Advent International and Cinven. Walker joined TKE in 1995 when the former Thyssen Group acquired his company to enter the Australian elevator market. During his time as CEO of the Asia Pacific business unit, he significantly expanded TKE’s business presence in the region before he became the COO of TKE in 2018 and took on the role as CEO in January 2019.