PH - Parker Announces Retirement of Executive Chairman Thomas L. Williams and Election of Jennifer A. Parmentier as Chairman of the Board | Benzinga
CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- 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 ...