Graco Saddened by Passing of David A. Koch, Former President, CEO, and Chairman
January 05 2015 - 2:00PM
Business Wire
Graco Inc. (NYSE:GGG) is saddened by the passing of David A.
Koch, a retired past President, CEO, and Chairman. Mr. Koch became
President of the Gray Company in 1962. Mr. Koch led the initiative
to take the Company public in 1969, as Graco Inc., when reported
revenues were $33 million. Mr. Koch retired as CEO in 1996, but
served as the Company’s Chairman of the Board until 2001, when
company revenues approached nearly $500 million.
“During his long tenure leading Graco, Mr. Koch established a
culture of ethics and integrity that remains firmly rooted in our
company today,” said current President and CEO, Patrick J. McHale.
“He cared deeply for our company and our employees, and was a
personal role model for me.”
“Communities throughout the Twin Cities also benefitted from his
commitment to a wide variety of charitable causes, both through the
Graco Foundation as well as his personal giving campaigns,”
continued McHale. “He was an enormously successful business leader
and a fixture in our community. He will be missed by all who knew
him or benefited from his generous nature.”
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management
of fluids and coatings in both industrial and commercial
applications. It designs, manufactures and markets systems and
equipment to move, measure, control, dispense, and spray fluid and
powder materials. A recognized leader in its specialties,
Minneapolis-based Graco serves customers around the world in the
manufacturing, processing, construction, and maintenance
industries. For additional information about Graco Inc., please
visit us at www.graco.com or on Twitter @GracoInc.
Graco Inc.James A. Graner, 612-623-6635orMedia:Bryce
Hallowell, 612-623-6679bhallowell@graco.com
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