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Parker elects new chiefs executive & operating officers

Staff writer | Cleveland, Oh., USA | January 27, 2015
ParkerJanuary 27, 2015, Cleveland, Oh., USA - Parker Hannifin Corporation, a manufacturer of motion and control systems, elected Thomas L. Williams as CEO and Lee C. Banks as president and COO, each effective February 1, 2015.
Mr. Williams and Mr. Banks have also been elected as members of Parker’s Board of Directors, effective immediately.

As an Operating Officer of the company since 2006, Mr. Williams has had leadership responsibility for the Aerospace, Filtration, Engineered Materials, Instrumentation, Climate and Industrial Controls, Hydraulics, Fluid Connectors and Automation product groups and the Asia Pacific and Latin America regional groups.

Mr. Williams also currently oversees the company’s strategic pricing initiatives. He joined Parker in 2003 as Vice President, Operations for the Hydraulics Group and in 2005 became President of the Instrumentation Group.

Previously, he held a number of key management positions in four different business groups during a 22 year career at General Electric, including GE Capital, Aviation, Lighting and Transportation. He serves on the Board of Directors for Chart Industries, a leading independent global manufacturer of highly engineered equipment.

Mr. Williams earned a Bachelor of Science in Mechanical Engineering from Bucknell University and a Master of Business Administration from Xavier University.

As an Operating Officer of the company since 2006, Mr. Banks has had 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 and has also held increasingly responsible positions within sales and operations management including several division general manager positions. He serves on the Board of Directors of Nordson Corporation, a leader in precision dispensing equipment for industrial coatings.

Mr. Banks has a Bachelor of Arts in Economics from DePauw University and a Master of Business Administration from The Keller Graduate School of Management in Chicago.

Donald E. Washkewicz, who served as Chief Executive Officer since 2001, Chairman of the Board since 2004 and President since 2006, will continue as Chairman of the Board to allow for a smooth transition of his responsibilities.


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