QUINCY, Ill., Nov. 3 /PRNewswire/ -- Gardner Denver, Inc. (NYSE: GDI)
announced today that Ross J. Centanni has been elected Chairman of the
Company's Board of Directors. Mr. Centanni will continue to serve as the
President and CEO of the Company, as well. Alan E. Riedel, the former
Chairman of the Board, will continue to serve as a director of the Company.
The Company also announced that Raymond R. Hipp and Richard L. Thompson have
joined the Company's Board of Directors in newly created directorships.
Mr. Centanni, age 53, has served as President and CEO since the Company's
spin-off in 1993. He was previously Vice President and General Manager of
Gardner Denver's predecessor, the Gardner-Denver Industrial Machinery Division
of Cooper Industries, Inc. and, prior to that, Director of Marketing for the
Division.
Mr. Hipp, age 56, serves as Chairman, President and CEO of Alternative
Resources Corp., a provider of information technology staffing and component
outsourcing.
Mr. Thompson, age 58, is the Group President and Executive Office Member
of Caterpillar, Inc. with administrative responsibility for the gas turbine
and reciprocating engine business, as well as corporate research and
development activities.
Mr. Centanni said, "I would like to express my appreciation for the
leadership that Alan has provided the Company since its spin-off and look
forward to his active participation on the Board in the coming years. I am
also very pleased to have Ray and Rich join our Board. Ray's extensive
technical background and Rich's manufacturing and international expertise will
complement the composition of Gardner Denver's existing Board and help guide
the Company in achieving our strategic growth objectives."
Gardner Denver, with 1997 revenues of $292 million, is a leading
manufacturer of reciprocating, rotary and vane compressors and blowers for
various industrial applications and pumps used in the petroleum industry.
Gardner Denver's news releases are available by fax by calling 800-758-5804,
extension 303875, or by visiting the Company's home page on the Internet
(http://www.gardnerdenver.com).
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 or fax,
800-758-5804, ext. 303875
CONTACT:
Helen W. Cornell, Vice President, Corporate
Secretary and Treasurer of Gardner Denver, Inc., 217-228-8209
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