IN FOCUS

Flowserve Corp. announced that Chairman, President and Chief Executive Officer C. Scott Greer and the company’s board of directors have jointly agreed that Greer will not renew his contract with the company when it expires on June 30, 2005. Greer will assist the board during the transition to a new chief executive officer.

Diversified industrial manufacturer Eaton Corporation announced that Yannis P. Tsavalas has been elected vice president and chief technology officer, effective February 14, 2005.

Pentair Chairman and Chief Executive Officer Randall J. Hogan and the Pentair board of directors today announced the appointment of Richard J. Cathcart as vice chairman of Pentair, effective immediately.

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.

Anders Björklund has been appointed director for Group Purchasing & Supply Chain of the Johnson Pump Group.

Henrik Lange has been appointed President, SKF Industrial Division. He will take up his position on January 24. He replaces Alrik Danielson who will leave the Group to become CEO of Höganäs.

On December 1, 2004 Ralf-Michael Franke assumed the presidency of the Industrial Automation Systems Division of the Siemens Automation and Drives Group (A&D).

Tecumseh Products Company announced that Kent B. Herrick has been appointed as the Executive Vice-President in the Office of the Chairman.

The Board of Directors of ITT Industries, Inc. elected the company’s President and Chief Executive Officer Steven R. Loranger to the position of Board Chairman. Loranger replaces Lou Giuliano in this capacity, who earlier this year retired as ITT’s President and Chief Executive Officer.

Hidrostal Ltd, the Newbury based Pump manufacturer, has appointed Steve Blakemore as Sales Director. Steve joins Hidrostal with more than 20 years of industry experience in business development, sales, marketing, and general management.