The company receives the 2005 Minnesota Business Ethics AwardGOLDEN VALLEY, Minn., May 6, 2005 /PRNewswire-FirstCall via COMTEX/ -- Pentair (NYSE: PNR)
has received the 2005 Minnesota Business Ethics Award (MBEA), an award
established by The Center for Ethical Business Cultures and the Minnesota
Chapters of the Society of Financial Service Professionals. Pentair was
honored for its commitment to ethical business dealings, as reflected in its
Code of Business Conduct and Ethics, and for its passion to sustaining an
ethical culture.
"The MBEA recognizes Minnesota companies that exemplify and promote
ethical conduct for the benefit of the workplace, the marketplace, the
environment and the community," according to the Center for Ethical Business
Cultures and the Minnesota Chapters of the Society of Financial Service
Professionals, the award sponsors.
"Pentair employees deserve the recognition that comes with this award,"
said Randall J. Hogan, Pentair chairman and chief executive officer. "Our
culture is rooted in our employees' commitment to integrity, and this
commitment guides our business."
Pentair was cited by the MBEA judges for its "ethical compass," as
embodied in the Code of Conduct. The company's founder, Murray J. Harpole, was
cited for his foresight in creating the original document, on which the
current one is based. "While the times have changed, the values embodied in
Pentair's Code have not," said Mr. Hogan. "These values attract employees and
are a vital part of our company's success," he added.
The Minnesota Business Ethics Award was established in 1999 to raise the
standards for business ethics in Minnesota and to honor those companies that
exhibit the highest ethical standards.
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 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.
Contact:
Corp. Communications,
Rachael Jarosh
+1-763-656-5280
rachael.jarosh@pentair.com
or
Investors,
Mark Cain
+1-763-656-5278
mark.cain@pentair.com
both of Pentair, Inc.