CLEVELAND, Feb. 1 /PRNewswire-FirstCall/ -- Parker Hannifin Corporation
(NYSE: PH), the world leader in motion and control technologies, today
named Peter Popoff, age 55, as President of the company's Filtration Group
and an Officer of the company. Popoff replaces John Oelslager, age 64, who
will retire March 31, 2008, after more than 41 years of dedicated service
to Parker. Popoff will transition to lead the Filtration Group over the
next two months.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Popoff will lead Parker's global filtration business which includes
market leading brands for fluid and air filtration on mobile, industrial,
marine and military platforms. The filtration business includes fluid and
gas separations technologies for high growth markets ranging from
laboratory gas generation to heavy vehicle fleet maintenance. Popoff had
been Group Vice President of Operations for Parker's filtration
technologies prior to being appointed to his new position. He also has
served as Vice President and General Manager of Parker's Racor brand of
filtration systems. Popoff had served in engineering management positions
with Racor since 1979 and was named General Manager in 1987. Parker
acquired Racor in 1985. Popoff is a graduate of California State University
at Chico where he earned a bachelor's in Industrial Technology.
"We are pleased to have someone of Pete's background and experience
assume this key leadership role and confident that he will continue the
success of this vital and growing Parker business," said Don Washkewicz,
Chairman of the Board, CEO and President of Parker.
Oelslager's career with Parker began in February, 1967 as a Corporate
Manufacturing Trainee. He held several manufacturing positions in the
Pneumatic and Filter Divisions prior to becoming General Manager of the
Filter Division in 1981. He assumed additional responsibilities in 1986 for
the Finite Division. In 1989 he became General Manager of the Cylinder
Division, and in 1995, Oelslager accepted the position of Group V.P. of
Operations for the Motion & Control Group. Under his leadership, in 1997,
the group expanded to the point of being split into separate Hydraulic and
Automation businesses. Oelslager was named Worldwide Group President of the
Automation Group and three years later accepted the position of Worldwide
Group President for the Filtration Group in March, 2000.
"We thank John for his leadership throughout his career and
particularly his success in making Parker a global filtration leader
recognized for filtration systems that improve the productivity and
profitability of our customers," said Washkewicz.
With annual sales exceeding $10 billion, Parker Hannifin is the world's
leading diversified manufacturer of motion and control technologies and
systems, providing precision-engineered solutions for a wide variety of
commercial, mobile, industrial and aerospace markets. The company employs
more than 57,000 people in 43 countries around the world. Parker has
increased its annual dividends paid to shareholders for 51 consecutive
years, among the top five longest-running dividend-increase records in the
S&P 500 index. For more information, visit the company's web site at
http://www.parker.com , or its investor information site at
http://www.phstock.com .
SOURCE Parker Hannifin Corporation
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Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Media, Christopher M. Farage, Vice President,
Corp. Communications, +1-216-896-2750, cfarage@parker.com,
Financial Analysts, Pamela Huggins, Vice President, Treasurer,
+1-216-896-2240, phuggins@parker.com, both of Parker Hannifin
Corporation
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