Parker Announces Retirement of Vice Chairman and President Lee C. Banks and Election of Chief Operating Officer Andrew D. Ross as President
25 Outubro 2023 - 10:20AM
Parker Hannifin Corporation (NYSE: PH), the global leader in motion
and control technologies, today announced that Lee C. Banks, Vice
Chairman and President and a Director, will retire on December 31,
2023, after 32 years of dedicated service to the company. Andrew D.
Ross, currently Chief Operating Officer, has been elected by the
Board of Directors as President and Chief Operating Officer,
effective January 1, 2024.
“During his career, Lee successfully led several
of our largest businesses, globally expanded our distribution
network that now stands among our greatest competitive strengths,
and significantly raised the bar for operational excellence at
Parker,” said Jenny Parmentier, Chief Executive Officer. “Together
with Tom Williams he co-created a refreshed Win Strategy and
subsequent updates that have successfully transformed the company’s
performance and portfolio, actions that will leave a legacy on our
company and its future. His presence will be missed, and we are
grateful for his transformational leadership and his countless
significant contributions to Parker’s success. I look forward to
partnering with Andy in his expanded role as President and
collaborating on our continuing plans to realize Parker’s full
potential.”
“Lee has been a superb leader,” said James L.
Wainscott, Parker’s independent Lead Director. “During his
many years at Parker and on the Parker Board of Directors, he
always has been in pursuit of excellence in all facets of the
business.”
Mr. Banks commented, “It has been an honor to
serve as a Parker Officer and Director for so many years and to
have the opportunity to work alongside exceptional people.
Together, our Board, our leadership team, and the many talented
team members across our global operations have helped make this
great company even greater. Jenny and Andy are outstanding leaders
who are building on Parker’s legacy of strong performance and
operational excellence, and I am very confident of Parker’s
continued success in the years ahead.”
Mr. Banks has been in his current role as Vice
Chairman and President since 2021. He was elected to the Board in
2015 in the role of President and Chief Operating
Officer. Prior to that, he was an Operating Officer of the
company since 2006 with leadership responsibility for the
Filtration, Engineered Materials, Instrumentation, Climate and
Industrial Controls, Hydraulics, Fluid Connectors and Automation
product groups and the Europe, Middle East and Africa, and Latin
America regional groups. Previously, Mr. Banks was the President of
Parker's Hydraulics and Instrumentation product groups and
was Vice President of Operations in the Climate and Industrial
Controls Group. He began his career with Parker in 1991 as an
Aftermarket Sales Manager and has also held increasingly
responsible positions within sales and operations management
including several division general manager positions.
Mr. Ross became Chief Operating Officer in 2022.
He previously served as Vice President and President – Fluid
Connectors Group starting in 2015, and as Vice President and
President – Engineered Materials Group from 2012 to 2015. Prior to
those roles, since joining Parker in 1998 as a Product Manager, Mr.
Ross has held various roles of progressing responsibility including
Vice President of Sales and Marketing and General Manager while in
the Engineered Materials Group, and General Manager and Vice
President of Operations while in the Motion Systems Group.
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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- Lee C. Banks
- Andrew D. Ross
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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