Michael M. Larsen Named President and CEO of Gardner Denver

Michael M. Larsen Named President and CEO of Gardner Denver 
WAYNE, PA -- (Marketwire) -- 11/19/12 --  Gardner Denver, Inc. (NYSE:
GDI) today announced that its board of directors has unanimously
appointed Michael M. Larsen as President and Chief Executive Officer,
effective immediately. Mr. Larsen had served as Vice President and
Chief Financial Officer of Gardner Denver since 2010 and as Interim
Chief Executive Officer since July 2012. 
Mr. Larsen was also appointed to the Gardner Denver board of
directors, effective immediately. Mr. Larsen was appointed to the
class of directors whose term of office expires at the 2015 Annual
Meeting of Shareholders. With the addition of Mr. Larsen, Gardner
Denver's board now consists of nine directors, eight of whom are
independent. 
"After a thorough search, we are pleased to announce Michael's
appointment as President and CEO on a permanent basis," said Diane
Schumacher, independent Chairperson of the Board. "This appointment
reflects the unanimous recognition by our board of the importance of
Michael's numerous contributions, including serving as Interim CEO
since July and as CFO since 2010. Michael has been intimately
involved in developing and executing Gardner Denver's strategy for
profitable growth and has led Gardner Denver's strong performance in
a challenging environment. Under his leadership, Gardner Denver has
improved productivity and reduced structural costs and remains
focused on these efforts as evidenced by the recently announced
restructuring of the Company's European operations. Michael's
knowledge of our company and industry will be a valuable asset as we
continue to execute on our strategy and work to enhance value for all
Gardner Denver shareholders." 
Ms. Schumacher continued, "The Gardner Denver board, together with
its management team and the Company's financial advisor, continue to
explore strategic alternatives for the Company, including enhancing
the Company's existing strategic plan or a possible sale or merger of
the Company. The board remains committed to this process, and we
intend to thoughtfully and carefully evaluate options available to
the Company in order to enhance shareholder value." 
The Company stated that no decision has been made and that there can
be no assurance that the board's exploration of strategic
alternatives will result in any transaction being entered into or
consummated. Gardner Denver does not intend to discuss or disclose
developments with respect to this process until the board has
approved a definitive course of action. 
Mr. Larsen will continue to fulfill the role of Chief Financial
Officer while a search is conducted and until a successor is named.  
About Michael M. Larsen
 Michael Larsen was appointed Interim Chief
Executive Officer of Gardner Denver, Inc. in July 2012 and has served
as Vice President and Chief Financial Officer since October 2010.
Prior to joining Gardner Denver, Mr. Larsen spent 15 years with
General Electric Company, where he held a number of finance roles
with increasing responsibility, including CFO of GE Water & Process
Technologies. He began his GE career at GE Healthcare as part of the
Financial Management Program in 1995. Mr. Larsen is a graduate of the
American University of Paris and holds a Masters of Business
Administration from Columbia University and London Business School.  
Corporate Profile
 Gardner Denver, Inc., with 2011 revenues of
approximately $2.4 billion, is a leading worldwide manufacturer of
highly engineered products, including compressors, liquid ring pumps
and blowers for various industrial, medical, environmental,
transportation and process applications, pumps used in the petroleum
and industrial market segments and other fluid transfer equipment,
such as loading arms and dry break couplers, serving chemical,
petroleum and food industries. Gardner Denver's news releases are
available by visiting the Investors section on the Company's website
(www.GardnerDenver.com). 
Contact: 
Vikram U. Kini
VP, Investor Relations
Tel. (610) 249-2009 
Matthew Sherman / Jennifer Beugelmans / Joseph Sala
Joele Frank, Wilkinson Brimmer Katcher
Tel. (212) 355-4449 
 
 
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