Rockwell Automation sold the Power Systems division for $1.8 billion to Baldor Electric Company to focus on its core competencies in automation and information technology. In 2007, Rockwell Automation acquired ICS Triplex. In April 2016, it was announced that Keith Nosbusch would be replaced by Blake Moret effective July 1, 2016. Nosbusch would remain with Rockwell Automation as chairman. Moret was previously the senior vice president of the Control Products and Solutions segment of the company. In June 2017, Rockwell Automation and Manpower launched the Academy of Advanced Manufacturing to provide training in digital manufacturing skills for military veterans. Effective January 1, 2018, Keith Nosbusch stepped down as Chairman. Blake Moret was elected the incoming Chairman by the board of directors. On June 11, 2018, Rockwell Automation made a $1 billion equity investment in PTC acquiring an 8.4% ownership stake. In February 2019, Rockwell Automation and Schlumberger entered a joint venture to create Sensia, the oil and gas industry's first fully Integrated automation solutions provider. Rockwell was later announced as a founding member of ISA Global Cybersecurity Alliance to help advance readiness and awareness in manufacturing. Another partnership was formed in November 2019 with Accenture's Industry X.0 to help deliver greater industrial supply chain optimization. Simulation software provider ANSYS and Rockwell Automation also allied to help customers design simulation-based digital twins of products, processes, and manufacturing. In November 2019, Rockwell Automation joined forces with Accenture, Microsoft, PTC, ANSYS, and EPLAN to help businesses simplify digital transformation. The company also announced restructuring into three operating segments, effective October 1, 2020: Intelligent Devices, Software & Control, and Lifecycle Services. In September 2020, Rockwell Automation was recognized for its culture of supporting women by the Society of Women Engineers. During the month, PTC and Rockwell Automation announced the expansion and extension of their strategic alliance, along with a partnership with Microsoft to develop edge-to-cloud based solutions for connecting information between development, operations, and maintenance teams. In November 2020, the company announced announces plans to achieve a new net zero carbon neutral goal (Scopes 1 and 2) by 2030. Rockwell Automation hired its first Chief Diversity, Equity, and Inclusion Officer in February 2021. On February 23, Rockwell was recognized by Ethisphere as one of the 2021 World's Most Ethical Companies, marking the 13th time the company received this honor. The company would later add another executive role with Chief Sustainability Officer in 2021. April