Donaldson Company Announces Board of Directors Leadership Changes
August 01 2017 - 4:15PM
Business Wire
Tod E. Carpenter, President and Chief
Executive Officer, Appointed Chairman of the BoardWillard D.
Oberton Appointed Lead Independent Director
Donaldson Company Inc. (NYSE: DCI) today announced changes to
the leadership of its Board of Directors, effective with the
Company’s annual meeting of shareholders to be held in November
2017. Tod E. Carpenter, Donaldson’s president and chief executive
officer, will become chairman of the Board of Directors, and
current director Willard D. Oberton will serve as lead independent
director. Carpenter will replace non-executive chairman Jeffrey
Noddle, who will not stand for reelection at the 2017 annual
meeting.
“I am honored to be appointed lead director and look forward to
continuing to drive the culture of integrity and strong governance
with Donaldson’s Board and management team,” said Oberton. “On
behalf of the Board, I want to congratulate Tod on being appointed
chairman. His strategic vision, combined with his unwavering
commitment to Donaldson’s customers, shareholders and employees,
give us confidence in Donaldson’s ability to continue to create
value for all of our stakeholders.”
“I am humbled to have been appointed chairman, and I want to
thank the Board for its support,” said Carpenter. “I also want to
thank Jeff for his 17 years of service. He has been an influential
leader on the Board throughout his tenure, and in recent years has
been a tremendous resource to me as I transitioned into the role of
CEO. In partnership with Will and the rest of the Board, we remain
committed to building on our company’s legacy of making thoughtful
investments to deliver strong financial performance. I am excited
about our opportunities and look forward to working with the Board
to execute these plans.”
Carpenter was appointed to Donaldson’s Board in April 2014 and
has been the Company’s president and chief executive officer since
April 2015. Carpenter joined Donaldson in 1996 and has held a
variety of leadership roles with increasing responsibility during
his 21 years with the company.
Oberton currently serves as chairman of the board of Fastenal
Company. He was appointed to Donaldson’s Board in July 2006, and he
is the chairperson for the Corporate Governance Committee.
Noddle was appointed as lead independent director of Donaldson’s
Board in January 2015 before becoming non-executive chairman in
April 2016. Noddle joined Donaldson’s Board in 2000.
About Donaldson Company
Founded in 1915, Donaldson Company (NYSE: DCI) is a global
leader in the filtration industry with approximately 140 sales,
manufacturing and distribution locations in 44 countries.
Donaldson’s innovative filtration technologies improve people’s
lives, enhance customers’ equipment performance and protect the
environment. For more information, visit www.Donaldson.com.
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Donaldson CompanyBrad Pogalz, 952-887-3753
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