CLEVELAND, Jan. 26 /PRNewswire-FirstCall/ -- Parker Hannifin today announced the election of Linda S. Harty to its Board of Directors in the class whose term continues through October 2007.
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Ms. Harty, age 46, is Executive Vice President and Treasurer of Cardinal Health, Inc., an $81 billion global company serving the health-care industry with a broad portfolio of products and services that help customers reduce their costs, improve safety and productivity, and deliver better care to patients. The company manufactures, packages and distributes pharmaceuticals and medical supplies, offers a range of clinical services and develops automation products that improve the management and delivery of supplies and medication for hospitals, physician offices and pharmacies. Ranked No. 19 on the Fortune 500, Cardinal Health employs more than 55,000 people on six continents. In addition to her experience at Cardinal Health, Harty has held senior management positions at a variety of leading global companies such as BellSouth, ConAgra and Kimberly Clark.
Parker Chairman, Chief Executive Officer and President Don Washkewicz said, “Linda Harty’s financial leadership experience will make her an important addition to the Parker board. Her background will serve shareholders well as an independent director.”
With annual sales exceeding $9 billion, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 43 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company’s web site at http://www.parker.com, or its investor information site at http://www.phstock.com.
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CONTACT: Media, Christopher Farage, VP - Corp. Communications,+1-216-896-2750, or cfarage@parker.com, or Financial Analysts, PamelaHuggins, Vice President - Treasurer, +1-216-896-2240, orphuggins@parker.com, both of Parker Hannifin Corporation
Web site: http://www.phstock.com//
