Pentair Vice Chairman Joseph R. Collins Retires
MINNEAPOLIS, Jan. 23 /PRNewswire/ -- Pentair (NYSE: PNR) announced today
that Vice Chairman Joseph R. Collins has retired from the company. He will
retain his seat on the company's board of directors.
"Joe informed management a year ago that he intended to retire early in
2001," Randall J. Hogan, president and chief executive officer, said. "His
contributions to the company have been significant. We may no longer have his
daily involvement in company matters, but we will continue to benefit from his
experience and wise counsel as a member of our board of directors."
Collins, 59, was named vice chairman in November 1998, after having led
Pentair's Tools and Equipment businesses since 1991. At various points in his
career with Pentair, he held operating responsibility for several other
Pentair businesses, including the Myers pump company, now part of the Pentair
Pump and Pool Group, and Federal Cartridge, which was divested in 1997. Prior
to joining Pentair's corporate office, Collins served seven years as president
of Delta International Machinery Corp., which was acquired by Pentair in 1984.
Included in his 30-year business career is 12 years experience with Rockwell
International.
Collins also served as president of The Pentair Foundation, the company's
philanthropic arm, since its inception in 1998. Collins will be succeeded in
that capacity by Richard J. Cathcart, 56, president and chief operating
officer of Pentair's Water Technologies segment. The position of vice
chairman will remain vacant after Collins' retirement.
Pentair ( http://www.pentair.com ) is a Minneapolis-based manufacturer
whose core businesses compete in tools, water technologies, and enclosures
markets. The company employs 14,000 people in more than 50 locations around
the world.
For more information contact Mark Cain of Pentair, Inc., 651-639-5278.
Source: Pentair plc.
