New Structure Streamlines Pentair Leadership

27.09.2006

Pentair announced it has created a new leadership structure, and appointed Michael V. Schrock to the newly created role of president and chief operating officer for Pentair, effective immediately. Schrock, 53, will report to the Company's chairman and chief executive officer, Randall J. Hogan.

Under the new structure, Schrock will accelerate the implementation of Pentair's operating disciplines, including lean enterprise, aimed at driving improved margins and organic growth. Schrock will also assume responsibility for all of Pentair's operating segments: he will continue to lead the Technical Products group, which he has led since October of 2001, and the Company's Filtration business, which he has been responsible for since October of 2005, while gaining responsibility for the remaining Water businesses.

Pentair Vice Chairman Richard J. Cathcart will continue to be responsible for global growth, strategy and acquisitions for the Company.

The new structure eliminates the position of president and chief operating officer of the Pump and the Pool & Spa businesses, a position held by Charles M. Brown since April 2005. Brown has left Pentair to pursue other opportunities.

Schrock joined Pentair in March 1998 as president of Pentair's Pump business, and was named president of the Pump and the Pool & Spa businesses in 2000. Following a succession of increasingly responsible positions in the Water Group, Schrock was named president and chief operating officer of Pentair's Technical Products Group in 2001. Today, Technical Products is a leading world-wide manufacturer of technologically advanced systems to house and protect sophisticated electrical and electronic devices.

In addition to the Technical Products business, Schrock assumed responsibility for Pentair's Filtration business on October 1, 2005. Pentair's Filtration business manufactures a wide range of products that clean and purify water for residential, commercial, industrial, and municipal applications.

Prior to joining Pentair, Schrock spent 21 years with Honeywell in senior management positions covering North America as well as the European, Africa and Middle East regions. He holds a Bachelor of Science degree from Bradley University, and a Master's Degree in Business Management from Northwestern University Kellogg School. He currently serves on the boards of Plexus Corporation and of the Minnesota Chapter of the Multiple Sclerosis Society.

Source: Pentair plc.

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