New role signifies continued commitment to global growth
GOLDEN VALLEY, Minn., June 9 /PRNewswire-FirstCall/ -- Pentair (NYSE: PNR)
today named John C. Ma, 42, president of the Asia Pacific region for the
Pentair Water Group, effective June 18, 2005. This newly created position will
report to Pentair Vice Chairman Richard J. Cathcart.
"Pentair's water business continues to gain momentum. It is our largest
business and one with high market growth potential," said Randall J. Hogan,
Pentair chairman and chief executive officer. "We are committed to meeting the
needs for safe, clean water across the globe; to capturing growth
opportunities; and to driving shareholder value."
"This new role is an important step in our strategy to increase sales, and
to leverage and grow our presence in the Asia-Pacific region," said Cathcart,
who has responsibilities for international growth and business development in
addition to his role as strategic leader of the Water Group. "Mr. Ma's
experience in the region positions him well for this role, which will include
overseeing sales and operations in Asia, India, and Australia."
Ma's background includes five years of progressively responsible positions
with General Electric (GE) in China, most recently as vice president and
general manager of Central China with business responsibilities for diagnostic
imaging equipment. Prior to that, Ma was vice president and general manager of
GE's Global Products Company. In this role, he led the business with
responsibilities for sourcing, production and engineering. Ma first joined GE
in 2000 as head of GE Medical Systems China in the Global Technology Operation
in charge of technical operations.
Prior to GE, Ma managed international operations for Performed Line
Products Company, leading the international operations in fiber optic splicing
for the telecom and power industries from 1995 to 2000. He began his career as
a design engineer in the automobile industry, first working at the Shanghai
Metallurgical Design and Research Institute from 1983 to 1990, and then at
General Motors Corporation from 1993-1995.
Ma holds both Doctorate and Master of Science degrees in Materials Science
and Engineering from Wayne State University in Detroit, Michigan. He earned a
Bachelor of Science degree in Metallurgy from Shanghai Technology University
in Shanghai, China.
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 from continuing operations of $2.28 billion, or
$2.76 billion on a pro forma basis, Pentair has approximately 13,000 employees
worldwide.
Any statements made about the company's anticipated financial results are
forward-looking statements subject to risks and uncertainties such as
continued economic growth; the ability to integrate the WICOR acquisition
successfully and the risk that expected synergies may not be fully realized or
may take longer to realize than expected; 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.
Pentair Contacts
Rachael Jarosh Mark Cain
Communications Investor Relations
Tel.: (763) 656-5280 Tel.: (763) 656-5278
E-mail: rachael.jarosh@pentair.com E-mail: mark.cain@pentair.com
SOURCE Pentair, Inc.
-0- 06/09/2005
/CONTACT: Rachael Jarosh, Communications, +1-763-656-5280,
rachael.jarosh@pentair.com , Mark Cain, Investor Relations, +1-763-656-5278,
mark.cain@pentair.com , both of Pentair, Inc./
/Web site: http://www.pentair.com /
(PNR)
CO: Pentair, Inc.
ST: Minnesota, China
IN: ECP HRD ENV PAP MAC
SU: PER ASI
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