Markos Tambakeras Elected to Parkers Board of Directors
Parker Hannifin announced the election of Markos I. Tambakeras to its Board of Directors, in the class whose term continues through 2006. Tambakeras will join the Parker Board of Directors in April 2005.
Tambakeras is Chairman, President & Chief Executive Officer of Kennametal Inc., which offers tools, tooling systems, supplies and engineering services to the metalworking, mining, highway construction and advanced materials industries. He began his career at Kennametal in 1999 and prior to that served in various management positions at Honeywell International.
Parker Chairman and CEO Don Washkewicz said, "Markos has extensive global experience with diversified industrial companies and he'll make a great addition to our board."
With annual sales exceeding $7 billion, Parker Hannifin Corporation (NYSE: PH) is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 48,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.
Source: Parker Hannifin Corp