01.02.2007 21:05:00
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Pentair Names John L. Stauch New Chief Financial Officer
Pentair, Inc. (NYSE:PNR) today announced that John L. Stauch, 42, will
join the company as Executive Vice President and Chief Financial
Officer. Mr. Stauch most recently served as Chief Financial Officer
(CFO) of Honeywell International’s $11 billion
Automation and Control Solutions group (NYSE:HON). His appointment as
CFO of Pentair will be effective in late February.
"I am very pleased to have a finance leader of
John’s proven capabilities and reputation as
Pentair’s new chief financial officer,”
said Randall J. Hogan, chairman and chief executive officer. "John’s
breadth of experience in finance and investor relations, his strong
understanding of operations, and his successful leadership in complex
global business environments will serve as powerful assets for Pentair
as we drive high performance,” Hogan added.
During his 10 year career at Honeywell International and its
predecessor, Allied Signal, Mr. Stauch held wide-ranging finance
leadership roles including investor relations, financial planning and
analysis, and division CFO positions across a number of global
industries. Mr. Stauch also served as CFO at PerkinElmer
Optoelectronics, a technology company serving the biomedical market and
a business unit of PerkinElmer, Inc. (NYSE:PKI). He began his career at
General Motors in plant controllership and financial analyst roles. Mr.
Stauch holds a bachelor of arts degree in finance from Michigan State
University.
Stauch succeeds Dave Harrison, who, last year, announced his intent to
retire. Mr. Harrison served as Pentair’s CFO
for 8 years, helping to drive the company’s
transformation to a diversified operating company focused on two
attractive industries: water and technical products. "Dave
made many important contributions to Pentair’s
performance during his tenure. Pentair’s
Board of Directors, employees and I appreciate his talent and commitment
to the company,” Hogan noted.
About Pentair, Inc.
Pentair (www.pentair.com) is a
diversified operating company headquartered in Minnesota. Its Water
Group is a global leader in providing innovative products and systems
used worldwide in the movement, treatment, storage and enjoyment of
water. Pentair’s Technical Products Group is
a leader in the global enclosures market, designing and manufacturing
standard, modified, custom and thermal enclosures that house and protect
sensitive electronics and electrical components. With 2005 revenues of
$2.95 billion, Pentair has approximately 15,000 employees worldwide.
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