GOLDEN VALLEY, Minn., Aug. 4 /PRNewswire-FirstCall/ -- Pentair (NYSE: PNR)
today announced that it named Frederick S. Koury, 42, to the position of
senior vice president of Human Resources effective August 11, 2003. Koury was
also named an executive officer of the corporation.
"Fred will be instrumental in attracting, developing and retaining quality
talent at all levels to support Pentair's growth objectives and strategies,"
said Randall J. Hogan, Pentair chairman and chief executive officer. "In
addition, his 20 years of Human Resources experience will provide valuable
counsel to the human resources professionals of Pentair's operating units."
As leader of Pentair's Human Resources function, Koury will be accountable
for short- and long-range organization and human resources planning;
compensation plans; employee benefits; employee relations; management
development and training programs; and for the creation and maintenance of an
effective succession planning program. A critical aspect of Koury's duties
will be to help craft and execute strategies to drive Pentair's Talent
Management initiative.
Koury has served as vice president of human resources for the Victoria's
Secret Stores division of Limited Brands since September, 2000. From 1985 to
2000, he held a series of progressively responsible Human Resources positions
with PepsiCo, Inc., during which he held wide-ranging responsibilities in
human resources, talent management, labor relations, organization capability,
and leadership development. Koury's prior experience includes two years with
Chase Manhattan Bank. Koury holds a Bachelor of Science degree in Industrial
and Labor Relations from Cornell University in Ithaca, NY, and is a member of
the University's Center for Advanced Human Resources.
Pentair ( http://www.pentair.com ) is a Minnesota-based manufacturer whose
core businesses compete in tools, water technologies, and enclosures markets.
The company employs 12,000 people in more than 50 locations around the world.
Any statements made about the company's anticipated financial results are
forward-looking statements subject to risks and uncertainties such as
continued economic growth; foreign currency effects; retail and industrial
demand; product introductions; and pricing and other competitive pressures.
Forward-looking statements included herein are made as of the date hereof and
the company undertakes no obligation to update publicly such statements to
reflect subsequent events or circumstances. Actual results could differ
materially from anticipated results.
Contact: Mark Cain (763) 656-5278
SOURCE Pentair
-0- 08/04/2003
/CONTACT: Mark Cain of Pentair, +1-763-656-5278/
/Web site: http://www.pentair.com /
(PNR)
CO: Pentair
ST: Minnesota
IN: PAP MAC
SU: PER
LC-AM
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0112 08/04/2003 18:10 EDT http://www.prnewswire.com