Pentair Chief Financial Officer’s Intent to Retire

10.04.2006

Pentair announced that its Executive Vice President and Chief Financial Officer (CFO), David D. Harrison, has informed the Company of his intent to retire by the end of 2006. Consequently, Pentair has begun the process to identify Harrison's successor. To help ensure a seamless transition,...

... Harrison will remain with Pentair until his successor is named.

"Pentair is extremely fortunate to have had Dave's leadership throughout one of the most productive periods in the company's history," said Randall J. Hogan, chairman and chief executive officer. "He has been vital to the establishment of Pentair's cash flow and return on invested capital disciplines, contributing meaningfully to the company's expanding margins and the tripling of Pentair's stock price over the past five years.

"In addition, Dave played a pivotal role in the transformation of Pentair to a water-led company. I am grateful for Dave's partnership during my first five years as chief executive," Hogan added.

Harrison first joined Pentair in 1994 as senior vice president and CFO, and was named executive vice president and CFO in 1995. He left the Company in 1996 to serve as executive vice president and CFO of Coltec Industries and, later held the same position with The Scotts Company. He returned to Pentair in 2000 as executive vice president and CFO. Prior to joining Pentair, Harrison worked for Borg-Warner Chemicals and several units of General Electric.

"It has been a great pleasure for me to have worked with Pentair, a vibrant, growing organization," Harrison said. "I consider my years on the Company's leadership team among the best in my forty-one year accounting and finance career."

Source: Pentair plc.

More articles on this topic

KBL Introduces NEO Series 4-inch Borewell Submersible Pumps

28.09.2021 -

Kirloskar Brothers Limited has launched a new series of time-tested Borewell Submersible Pumps—NEO Series 4-inch. This new series of Borewell Submersible Pumps are versatile. They have been designed to effectively cater to the requirements of rural, domestic and community water supply markets, including farming, buildings and construction sectors.

Read more

New Service-Friendly Shaft Coupling

02.09.2021 -

With the ROFLEX KTR launches a new shaft coupling according to DIN 740 which is characterised by its short design and its service-friendliness. In addition to power transmission, the torsionally flexible coupling compensates for misalignments and dampens torsional vibrations.

Read more

The Grundfos Foundation Sponsors INTO DUST

26.08.2021 -

The Grundfos Foundation is proud to partner with Academy Award-winning film director, Orlando von Einsiedel to present INTO DUST. This scripted film is based on a true and important story that brings attention to the value of water by celebrating those who work relentlessly to secure the necessary solutions.

Read more
Directly to the product selection in

PumpSelector

LATEST NEWS

JOB MARKET