Donaldson Company Announces Preliminary Results of Annual Meeting, Shareholders Elect New Director Pilar Cruz to Board of Dir...
November 17 2017 - 4:15PM
Business Wire
Donaldson Company, Inc. (NYSE: DCI) held its annual meeting of
stockholders today, Friday, November 17, 2017. Preliminary voting
results indicate that stockholders owning a majority of the shares
voted supported:
- The election of three directors,
including new director Pilar Cruz
- The company’s executive compensation
practices and the preference for future non-binding advisory votes
on executive compensation to be held every year, and
- Ratification of PricewaterhouseCoopers
as Donaldson’s independent public accountant
As previously announced and effective with today’s meeting,
president and chief executive officer Tod Carpenter will now assume
chairman of the board responsibilities. Additionally, board member
Willard Oberton is now lead independent director of Donaldson’s
board. The company will disclose the final voting results on each
item of business presented at the 2017 Annual Meeting on a Form 8-K
to be filed with the SEC.
“I want to thank our former chairman, Jeff Noddle, for his 17
years of dedication to our company, and I look forward to working
with Will and the rest of the board as we continue to press forward
on our strategic initiatives,” said Carpenter. “I am also pleased
that our stockholders supported the board’s recommendation to elect
Pilar to our board. She will provide valuable insights by
leveraging her diverse set of skills, which include a global
perspective and extensive leadership experience across a variety of
businesses. On behalf of the board and everyone at Donaldson
Company, I want to welcome Pilar to our team.”
Cruz currently serves as president of Cargill’s Feed &
Nutrition business. Cargill is a provider of food, agriculture,
financial and industrial products and services. During her 15 years
with Cargill, she has had increasing levels of responsibility,
including corporate vice president of corporate strategy and
development, president and business unit leader, and general
manager, across businesses in North America, South America and
Europe. Cruz has a bachelor’s degree in economics from Universidad
de Los Andes in Bogotá, Colombia, and she earned an MBA from the
Ross School of Business at the University of Michigan.
About Donaldson
CompanyFounded in 1915, Donaldson Company is a global
leader in the filtration industry with sales, manufacturing and
distribution locations around the world. Donaldson’s innovative
technologies are designed to solve complex filtration challenges
and enhance customers’ equipment performance. For more information,
visit www.Donaldson.com.
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Donaldson Company, Inc.Brad Pogalz, 952-887-3753
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