QUINCY, Ill., Aug. 4 /PRNewswire -- Ross J. Centanni, President and CEO of
Gardner Denver Machinery Inc. (Nasdaq: GDMI), has announced the reorganization
of the Company into two separate divisions: the Gardner Denver Compressor and
Pump Division and the Gardner Denver Blower Division. Mr. Centanni stated
that since the Company's spin-off from Cooper Industries, Inc. in 1994,
revenues have increased substantially. This increase, together with the
Company's strategy to grow the business, dictates a decentralized
organizational structure, supported by centralized corporate functions
provided through shared services agreements. This reorganization will allow
the Company to better focus on each product line, enable us to better respond
to the needs of the business and our customers and position Gardner Denver for
continued growth in the future.
Dennis Shull, previously the Company's Vice President, Sales and
Marketing, will become the Vice President and General Manager for the Gardner
Denver Compressor and Pump Division. Mr. Shull has held various sales and
marketing positions with Gardner Denver since joining the Company in 1975. He
has a B.S. degree in business from Northeast Missouri State University and an
M.A. in business from Webster University.
Mr. Centanni also announced the appointment of David Brown to the position
of Vice President and General Manager of the Gardner Denver Blower Division.
Mr. Brown joined the Company, effective August 4, 1997, from Alfa Laval
Separation, where he was employed as Vice President and General Manager of the
Decanter Business Unit. He previously held other management positions with
SKF USA, Inc., T.B. Wood's, Inc. and The Falk Corporation. Mr. Brown earned a
B.S.M.E. from the Case Institute of Technology in Cleveland, Ohio.
Gardner Denver, with 1996 revenues of $218 million, is a leading
manufacturer of air compressor and blower products for various industrial
applications and pumps used in oil and gas production and well servicing,
drilling and stimulation.
SOURCE Gardner Denver Machinery Inc.
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CONTACT:
Helen W. Cornell, Vice President, Corporate
Secretary and Treasurer, of Gardner Denver, 217-228-8209
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