Management Realignment at Pentair

05.10.2005

To accelerate its global growth initiatives, Pentair announced a management realignment. Effective immediately, international operations are the responsibility of Vice Chairman Richard J. Cathcart and all non-North American businesses now report to Mr. Cathcart. Also effective immediately, ...

North American operations are realigned. President and Chief Operating Officer Charles M. Brown remains responsible for Pump and Pool operations. President and Chief Operating Officer Michael V. Schrock is now responsible for Filtration and Enclosures operations.

The Company also stated that Cathcart retains strategic leadership of its Water segment, and Schrock retains strategic leadership of its Enclosures segment.

"Pentair's global growth initiatives demand appropriate focus across multiple fronts. This management realignment better enables Pentair to penetrate new markets, leverage our regional presence and manage our cost structure," said Randall J. Hogan, chairman and chief executive officer. "Pentair's leadership team offers great depth and a track record of success. With this realignment, we further enhance our ability to serve global customers."

Cathcart joined Pentair in 1995. Earlier this year, he was named vice chairman with primary responsibility for international growth and business development. Brown joined Pentair in 2003. After a brief absence related to Pentair's sale of its former Tools business in 2004, he returned to Pentair this year. Schrock joined Pentair in 1998. He was named president and chief operating officer of Enclosures in 2001, after successive leadership roles in both the Water and Enclosures segments.

Source: Pentair plc.

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