GOLDEN VALLEY, Minn.--(BUSINESS WIRE)--Feb. 1, 2007--Pentair, Inc.
(NYSE:PNR) today announced that John L. Stauch, 42, will join the
company as Executive Vice President and Chief Financial Officer. Mr.
Stauch most recently served as Chief Financial Officer (CFO) of
Honeywell International's $11 billion Automation and Control Solutions
group (NYSE:HON). His appointment as CFO of Pentair will be effective
in late February.
"I am very pleased to have a finance leader of John's proven
capabilities and reputation as Pentair's new chief financial officer,"
said Randall J. Hogan, chairman and chief executive officer. "John's
breadth of experience in finance and investor relations, his strong
understanding of operations, and his successful leadership in complex
global business environments will serve as powerful assets for Pentair
as we drive high performance," Hogan added.
During his 10 year career at Honeywell International and its
predecessor, Allied Signal, Mr. Stauch held wide-ranging finance
leadership roles including investor relations, financial planning and
analysis, and division CFO positions across a number of global
industries. Mr. Stauch also served as CFO at PerkinElmer
Optoelectronics, a technology company serving the biomedical market
and a business unit of PerkinElmer, Inc. (NYSE:PKI). He began his
career at General Motors in plant controllership and financial analyst
roles. Mr. Stauch holds a bachelor of arts degree in finance from
Michigan State University.
Stauch succeeds Dave Harrison, who, last year, announced his
intent to retire. Mr. Harrison served as Pentair's CFO for 8 years,
helping to drive the company's transformation to a diversified
operating company focused on two attractive industries: water and
technical products. "Dave made many important contributions to
Pentair's performance during his tenure. Pentair's Board of Directors,
employees and I appreciate his talent and commitment to the company,"
Hogan noted.
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
Technical Products Group is a leader in the global enclosures market,
designing and manufacturing standard, modified, custom and thermal
enclosures that house and protect sensitive electronics and electrical
components. With 2005 revenues of $2.95 billion, Pentair has
approximately 15,000 employees worldwide.
CONTACT: Pentair, Inc.
Communications and Investor Relations:
Rachael Jarosh, 763-656-5280
E-mail: rachael.jarosh@pentair.com
SOURCE: Pentair, Inc.