Applied Industrial Technologies Elects Two New Board Members
August 10 2017 - 8:48AM
Applied Industrial Technologies (NYSE:AIT) today announced that
Robert J. Pagano, Jr., President and Chief Executive Officer of
Watts Water Technologies, Inc., and Joe A. Raver, President and
Chief Executive Officer of Hillenbrand, Inc., have been elected to
its Board of Directors.
“We are pleased to welcome Bob and Joe as new
Board members,” said Peter C. Wallace, the Company’s independent
Chairman. “As current CEOs of industrial companies, each brings
significant experience and strategic insight to Applied’s
boardroom.”
Neil A. Schrimsher, President & Chief
Executive Officer, added “Our new Directors provide relevant
expertise and a seasoned perspective which complements our
governance. We look forward to their contributions as we continue
to execute our growth strategies.”
Pagano, 54, has served as President and Chief
Executive Officer, and as a Director, of Watts Water Technologies,
Inc. since 2014. Watts Water is a global manufacturer of plumbing,
heating and water quality product lines. Prior to joining Watts
Water, he gained 16 years of executive management experience at ITT
Corporation. Pagano received a Bachelor of Science degree in
accounting from the State University of New York in Oswego. He is a
Certified Public Accountant and a Certified Management
Accountant.
Raver, 51, has served as President and Chief
Executive Officer, and as a Director, of Hillenbrand, Inc. – a
global diversified industrial company – since 2013. Previously, he
served as President of Hillenbrand’s Process Equipment Group and
President of Batesville Casket Company. Raver earned a Bachelor of
Arts degree in economics from Dartmouth College and an MBA from the
Kellogg Graduate School of Management at Northwestern
University.
About AppliedFounded in 1923,
Applied Industrial Technologies is a leading distributor of
bearings, power transmission products, fluid power components, and
other industrial supplies, serving MRO and OEM customers in
virtually every industry. In addition, Applied provides
engineering, design and systems integration for industrial and
fluid power applications, as well as customized mechanical,
fabricated rubber and fluid power shop services. Applied also
offers storeroom services and inventory management solutions that
provide added value to its customers. For more information, visit
www.applied.com.
CONTACT INFORMATION
CORPORATE & MEDIA RELATIONS
Julie A. Kho
Manager, Public Relations
216-426-4483
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