Parker Announces Retirement of Executive Chairman Thomas L. Williams and Election of Jennifer A. Parmentier as Chairman of the Board
25 Octubre 2023 - 8:14AM
Parker Hannifin Corporation (NYSE: PH), the global leader in motion
and control technologies, today announced that its Board of
Directors has elected Jennifer A. Parmentier, currently Chief
Executive Officer and a Director, as Chairman of the Board,
effective January 1, 2024. Ms. Parmentier will succeed Thomas L.
Williams, Executive Chairman, who will retire on December 31, 2023,
as previously announced.
“We congratulate and look forward to working with
Jenny in her expanded role as Chairman of the Board,” said James L.
Wainscott, Parker’s independent Lead Director. “Our dual leadership
structure, consisting of both a Chairman of the Board and a
separate and independent Lead Director, continues to effectively
serve shareholders. We thank Tom for his many years of exemplary
service leading our Board and leading the company through a period
of unprecedented performance and transformation in which we
delivered substantial shareholder returns.”
“Tom’s world-class leadership and achievements set
Parker on a remarkably positive trajectory,” said Parmentier. “It
is an honor to succeed him as Chairman of the Board, as it was to
succeed him as CEO and to have the opportunity to build on that
legacy of leadership and success and take our performance to the
next level. I appreciate the trust of our Board, our senior
leadership team, and our global team members as we look ahead to
Parker’s promising future.”
Ms. Parmentier became Chief Executive Officer on
January 1, 2023. She previously served as Chief Operating Officer
starting in 2021, with responsibility for all of Parker’s operating
groups. Ms. Parmentier was Vice President and President – Motion
Systems Group from 2019 to 2021 and Vice President and President –
Engineered Materials Group from 2015 to 2019, where she was
responsible for all financial and strategic aspects of their global
operations. Prior to those roles, since joining Parker in 2008, she
held a variety of operational roles including General Manager of
the Sporlan Division in the Instrumentation Group, and General
Manager of the Hose Products Division in the Fluid Connectors
Group.
Mr. Williams served as Chief Executive Officer
from February 1, 2015, through December 31, 2022 and has served as
Chairman of the Board since January 1, 2016. He joined Parker in
2003 and demonstrated successful leadership in two operating
groups, first as Vice President of Operations for the Hydraulics
Group and then as President of the Instrumentation Group. He was
named Operating Officer in 2006, with responsibility for Parker’s
Aerospace, Engineered Materials, Filtration, Instrumentation and
Asia Pacific groups.
About Parker HannifinParker
Hannifin is a Fortune 250 global leader in motion and control
technologies. For more than a century the company has been enabling
engineering breakthroughs that lead to a better tomorrow. Learn
more at www.parker.com or @parkerhannifin.com.
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- Thomas L. Williams
- Jennifer A. Parmentier
Media –
Aidan Gormley - Director, Global Communications and Branding
216/896-3258
aidan.gormley@parker.com
Financial Analysts –
Jeff Miller - Vice President, Investor Relations
216/896-2708
jeffrey.miller@parker.com
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