GOLDEN VALLEY, Minn.--(BUSINESS WIRE)--May 8, 2007--Pentair, Inc.
(NYSE:PNR) today announced that Richard J. Cathcart plans to retire as
Vice Chairman and a director of the Company effective September 1,
2007. Cathcart joined Pentair in 1995, and most recently has led the
Company's global growth efforts.
"Throughout his career at Pentair, Rick was instrumental in the
development and growth of our Water Group, which is a global leader in
the industry today," said Randall J. Hogan, chairman and chief
executive officer. "Rick's strategic vision, coupled with his
effective business development skills, has made him a valuable member
of our team. We are fortunate to have had his leadership."
Mr. Cathcart began his career at Pentair as Executive Vice
President for business development, where he identified water as a
strategic area of growth. The following year, he was named Executive
Vice President and President of the company's Water Group, and was
appointed chief operating officer of the Group in 2000. In 2005, Mr.
Cathcart was appointed Vice Chairman to lead Pentair's international
business initiatives.
Prior to Pentair, Mr. Cathcart served as vice president and
general manager of Honeywell's Worldwide Building Control Division. He
holds a bachelor's of science degree in engineering from the United
States Air Force Academy in Colorado Springs, Colorado, and served as
a United States Air Force fighter pilot during the Vietnam War.
"It has been a great pleasure for me to have had the opportunity
to lead Pentair's growth into the water industry, including over 20
acquisitions," Cathcart said. "Pentair is a strong and growing company
with great business opportunities in its global markets."
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 and
thermal management markets, designing and manufacturing thermal
management products and standard, modified, and custom enclosures that
house and protect sensitive electronics and electrical components.
With 2006 revenues of $3.15 billion, Pentair employs approximately
15,000 people worldwide.
CONTACT: Pentair, Inc.
Rachael Jarosh, 763-656-5280
E-mail: [email protected]
SOURCE: Pentair, Inc.