Pentair Reorganizes Water Group to Facilitate Growth Strategy
ST. PAUL, Minn., Feb. 22 /PRNewswire/ -- Pentair (NYSE: PNR) today
announced the reorganization of its Water Technologies segment into four
geographic sectors structured to more efficiently manage the group's rapidly
growing global business.
Richard J. Cathcart, president and chief operating officer of the Water
Technologies segment, said that, effective March 1, 2001, the water business
will comprise Pentair Water Americas, Pentair Water Europe, Pentair Water
Asia, and Pentair Water India.
"Our water business has grown at a compound annual rate of nearly
50 percent in the past five years, and we are dedicated to strengthening our
organization and increasing our focused approach to growth opportunities
around the world," Cathcart said.
As part of the reorganization, Michael V. Schrock has been promoted to
president of Pentair Water Products Americas. Schrock joined Pentair in March
1998 as vice president and general manager for the Aurora and Fairbanks Morse
brands and facilities. He also held international sales responsibility for
the Pentair Pump Group. In January 1999, he was named president of the pump
and pool division. Prior to joining Pentair, Schrock was employed by
Honeywell for 21 years, most recently as vice president and general manager of
Honeywell's worldwide Energy and Environmental Solutions business. During his
employment with Honeywell, he also served in executive positions with
responsibility for business in Western Europe, Africa, and the Middle East.
Pentair ( http://www.pentair.com ) is a St. Paul-based manufacturer whose
core businesses compete in tools, water technologies, and enclosures markets.
The company employs 13,000 people in more than 50 locations around the world.
Source: Pentair plc.
