Pentair Vice Chairman Joseph R. Collins Retires

24.01.2001

MINNEAPOLIS, Jan. 23 /PRNewswire/ -- Pentair (NYSE: PNR) announced today

that Vice Chairman Joseph R. Collins has retired from the company. He will

retain his seat on the company's board of directors.

"Joe informed management a year ago that he intended to retire early in

2001," Randall J. Hogan, president and chief executive officer, said. "His

contributions to the company have been significant. We may no longer have his

daily involvement in company matters, but we will continue to benefit from his

experience and wise counsel as a member of our board of directors."

Collins, 59, was named vice chairman in November 1998, after having led

Pentair's Tools and Equipment businesses since 1991. At various points in his

career with Pentair, he held operating responsibility for several other

Pentair businesses, including the Myers pump company, now part of the Pentair

Pump and Pool Group, and Federal Cartridge, which was divested in 1997. Prior

to joining Pentair's corporate office, Collins served seven years as president

of Delta International Machinery Corp., which was acquired by Pentair in 1984.

Included in his 30-year business career is 12 years experience with Rockwell

International.

Collins also served as president of The Pentair Foundation, the company's

philanthropic arm, since its inception in 1998. Collins will be succeeded in

that capacity by Richard J. Cathcart, 56, president and chief operating

officer of Pentair's Water Technologies segment. The position of vice

chairman will remain vacant after Collins' retirement.

Pentair ( http://www.pentair.com ) is a Minneapolis-based manufacturer

whose core businesses compete in tools, water technologies, and enclosures

markets. The company employs 14,000 people in more than 50 locations around

the world.

For more information contact Mark Cain of Pentair, Inc., 651-639-5278.

Source: Pentair plc.

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