Parker Hannifin Corporation announced that Jennifer A. Parmentier, currently Vice President and President – Engineered Materials Group, has been appointed Vice President and President – Motion Systems Group.
Parker Hannifin Corporation announced that Jon P. Marten, Executive Vice President – Finance and Administration and Chief Financial Officer, will retire after 30 years of dedicated service to the company.
Parker Hannifin Corporation announced that its Board of Directors has elected Thomas L. Williams, current Chief Executive Officer and a Director, as Chairman of the Board, effective January 1, 2016. Mr. Williams succeeds Donald E. Washkewicz, who will remain a Director.
Parker Hannifin Corporation announced that Mark J. Hart has been named Executive Vice President, Human Resources and External Affairs, effective January 1, 2016. Mr. Hart succeeds Daniel S. Serbin who has announced his intention to retire after 35 years of dedicated service. Mr. Serbin will stay on with the company for a period of time to support this leadership transition.
Parker announced a previously completed transaction to acquire President Engineering Group Limited (PEGL) based in Sheffield, U.K. PEGL specializes in the design and manufacture of technically advanced, precision engineered cryogenic valves for liquefied natural gas (LNG) and Industrial Gas applications and specialized equipment for mining safety applications. Terms of the transaction were not disclosed.
Parker Hannifin announced that its Board of Directors has elected company veterans Thomas L. Williams as Chief Executive Officer and Lee C. Banks as President and Chief Operating Officer, each effective February 1, 2015.
Parker Hannifin Corporation has partnered with the Philippines Red Cross to deploy and commission a disaster recovery reverse osmosis water filtration system. The system was successfully installed January 6, 2014 in one of the worst hit areas near Tacloban City in Palo, Leyte Province.
Parker Hannifin released supplemental sales information on three global technology platforms within its Diversified Industrial Segment. As previously announced, the company will have two reporting segments beginning in fiscal year 2014, Diversified Industrial and Aerospace Systems. The company will continue to provide supplemental sales and profitability data for North America and International within the Diversified Industrial Segment.
Parker Hannifin Corporation announced that it has acquired Kittiwake Developments Limited based in Littlehampton, United Kingdom.
Parker Hannifin Corporation announced that it has acquired Snap-tite Incorporated of Erie, Pennsylvania. Snap-tite is a manufacturer of innovative high-pressure fluid power components for oil and gas, industrial and research markets.
