CLEVELAND, Oct. 24 /PRNewswire-FirstCall/ -- Parker Hannifin
Corporation (NYSE: PH) today announced that its Board of Directors has
named Marwan M. Kashkoush, 53, to the position of Executive Vice President
- Sales, Marketing and Operations Support. Mr. Kashkoush will also be a
member of Parker's Office of the Chief Executive, which includes Don
Washkewicz, CEO, Chairman and President, and Tim Pistell, Executive Vice
President, Finance and Administration and Chief Financial Officer. In this
position, he will replace Jack Myslenski, who has announced plans to retire
from the company in April 2008 following a thirty four-year career.
(Logo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Mr. Kashkoush has served Parker in a variety of sales, marketing, and
operations assignments. Most recently he was Corporate Vice President,
Worldwide Sales and Marketing. For three years, from 2000 to 2003, he
headed one of the company's largest technology groups as Group President,
Hydraulics. Before heading the global hydraulics business, he worked as
President, European Hydraulics Operations and as Group Vice President of
Sales and Marketing, Hydraulics. Beginning his career in 1977 following
graduation from New York State University College at Buffalo as a Bachelor
of Science in Industrial Technology, he later earned an Executive MBA from
Michigan State University. Mr. Kashkoush's recent leadership assignments
and responsibilities in the course of his thirty-year career with the
company were undertaken during the rapid expansion and sales growth for
Parker. The company's sales grew from just over four billion dollars in the
late nineties to more than $10 billion for the fiscal year ending June 30,
2007.
"I'm very pleased that a seasoned executive with long experience in
sales, marketing and operations management that Marwan brings to his new
position is available from within Parker to lead a function which is key to
the continued growth of the company," said Don Washkewicz, Chairman, CEO
and President of Parker. "The depth and strength of our executive talent
makes Marwan's appointment possible, and I welcome our continuing
opportunity to work together," 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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Related links:
http://www.phstock.com
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, or
Financial Analysts, Pamela Huggins, Vice President - Treasurer,
+1-216-896-2240, phuggins@parker.com, both of Parker Hannifin
Corporation
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