GOLDEN VALLEY, Minn., Feb 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- Pentair
(NYSE: PNR) Chairman and Chief Executive Officer Randall J. Hogan today
announced the appointment of Jack J. Dempsey as Senior Vice President,
Operations and Technology. He is currently a director in the Minneapolis
office of McKinsey & Company. Mr. Dempsey will also become an officer of
Pentair and report to Mr. Hogan. He will assume his new role April 4.
"Operating excellence is a core element of Pentair's value proposition.
Jack will amplify our existing efforts in supply management and lean
enterprise to drive performance. He will also develop new strategies to more
effectively leverage our existing capabilities," said Hogan. Underscoring Mr.
Dempsey's strong fit for this role, Hogan continued, "Jack is intimately
familiar with Pentair. He has been involved in several important strategic and
operational initiatives over the past four years, and demonstrated his ability
to drive operational improvements and build capabilities. His 17 years of
consulting experience in all areas of operations, combined with his knowledge
of our company, will translate into valuable leadership at Pentair."
Dempsey has held a number of leadership roles at McKinsey. Currently, he
leads its Service Strategy and Operations practice. Prior to this role, he
held other leadership roles, including the co-leader of the North American
Purchasing and Supply Management practice; leader of the Midwest Consumer
practice; leader of the North American Product Development practice; and one
of the leaders of the North American Operational Effectiveness practice.
Dempsey holds a bachelor's degree in finance from Canisius College in
Buffalo, New York. He earned a master's degree in business administration from
the Wharton School of Business. He serves on the Board of Directors for the
National Audubon Society and is an advisor to the Itasca Project, a group of
leading employers in the Twin Cities region focused on critical regional
economic development issues.
About Pentair, Inc.
Pentair ( http://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 Enclosures Group is a leader in the
global enclosures market, designing and manufacturing standard, modified and
custom enclosures that house and protect sensitive electronics and electrical
components. With 2004 revenues of $2.28 billion, or $2.76 billion on a pro
forma basis, Pentair has approximately 13,000 employees worldwide.
SOURCE Pentair, Inc.
Pentair Contacts:
Rachael Jarosh
Communications
+1-763-656-5280
rachael.jarosh@pentair.com
Mark Cain
Investor Relations
+1-763-656-5278
mark.cain@pentair.com