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Pentair Names Frederick S. Koury Senior Vice President of Human Resources

August 4, 2003

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 ( ) 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: /

CO:  Pentair
ST:  Minnesota

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