QUINCY, Ill., Feb. 27 /PRNewswire-FirstCall/ -- Ross J. Centanni,
Chairman, President and CEO of Gardner Denver, Inc. (NYSE: GDI) has announced
the appointment of Richard C. Steber to the corporate officer position of Vice
President and General Manager of the Pump Division. Gardner Denver is a
leading manufacturer of compressors and blowers for industrial applications
and pumps for petroleum and industrial markets. Mr. Steber will have
worldwide responsibility for the Company's pump product offering, with
applications in oil and natural gas production, drilling and well servicing,
and water jetting for industrial cleaning and maintenance. Prior to the
appointment of Mr. Steber, Mr. Centanni served as the General Manager of the
Pump Division since its establishment in August 2001.
"The Pump Division, which was managed as part of the Compressor Division
until August 2001, realized substantially increased revenues in 2001, driven
by strong demand for drilling and well stimulation pumps," stated Centanni.
"By separating the Pump and Compressor Divisions, we are able to increase our
focus on our product lines and more quickly respond to our customers' needs.
With Rick's depth of experience in the industrial pump market, we are also
better positioned to grow through acquisitions in a broader market segment."
Prior to joining Gardner Denver, Mr. Steber was employed by Goulds Pumps
since 1977. His latest assignment was President and General Manager, London,
UK, with responsibility for operations in the UK, Germany and Austria. His
career at Goulds included assignments in Sales, Marketing and Product
Development in both domestic and international markets. Mr. Steber received
his BS degree in Engineering from Syracuse University and has completed
continuing education in Accounting, Value-Based Six Sigma and Executive
Development.
Gardner Denver, Inc. (NYSE: GDI), with 2001 revenues of $420 million, is a
leading manufacturer of reciprocating, rotary and vane compressors and blowers
for various industrial applications and pumps used in the petroleum and
industrial markets. For more information, visit Gardner Denver's website at
http://www.gardnerdenver.com .
Safe Harbor
All of the statements in this release, other than historical facts, are
forward-looking statements made in reliance upon the safe harbor of the
Private Securities Litigation Reform Act of 1995. As a general matter,
forward-looking statements are those focused upon anticipated events or trends
and expectations and beliefs relating to matters that are not historical in
nature. Such forward-looking statements are subject to uncertainties and
factors relating to Gardner Denver's operations and business environment, all
of which are difficult to predict and many of which are beyond the control of
the Company. These uncertainties and factors could cause actual results to
differ materially from those matters expressed in or implied by such forward-
looking statements. A listing of such uncertainties and factors is set forth
in Gardner Denver's Quarterly Report on Form 10-Q that was filed on November
14, 2001 and is incorporated herein by this reference.
SOURCE Gardner Denver, Inc.
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Related links:
http://www.gardnerdenver.com
Company News On-Call:
http://www.prnewswire.com/comp/303875.html
CONTACT:
Helen W. Cornell, Vice President, Strategic
Planning and Operations Support of Garner Denver, Inc.,
+1-217-228-8209
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