Donaldson Company Announces the Retirements of Jack Eugster and John
Grundhofer from Board of Directors
MINNEAPOLIS -- December 06, 2012
Donaldson Company, Inc. (NYSE: DCI), announced that Jack Eugster and John
Grundhofer retired from its Board of Directors, effective at the conclusion of
the Company’s November 16^th Board meeting. Eugster, 66, is the retired
Chairman, President and CEO of The Musicland Group, Inc. and was ineligible to
stand for reelection this year due to reaching the maximum number of terms
that a Director may stand for election. Grundhofer, 73, is the retired
Chairman and CEO of U.S. Bancorp and was ineligible to stand for reelection
this year due to having reached the Board’s mandatory retirement age.
“Jack Eugster joined the Board in 1993 and John Grundhofer joined in 1997 and
both have continuously served with distinction,” said Bill Cook, Donaldson’s
Chairman, President and CEO. “They have provided strong leadership and
guidance to me and the rest of our Board, reinforced by insights they gained
as Chairmen and CEOs of the companies they led and from their service on other
boards. Donaldson’s Board, Employees, and Shareholders have greatly benefitted
from their loyal support, wise counsel, and many contributions made to the
growth and success of our Company.”
John Wiehoff, a Board member since 2003, replaces Eugster as the Chair of the
Audit Committee. Wiehoff, 53, is Chairman and CEO of C.H. Robinson Worldwide,
Inc. Janet Dolan, a Board member since 1996, replaces Grundhofer as Chair of
the Corporate Governance Committee. Dolan, 62, is President of Act 3
Enterprises, LLC and is the retired CEO and President of Tennant Company.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that improve
people’s lives, enhance our Customers’ equipment performance, and protect our
environment. We are a technology-driven Company committed to satisfying our
Customers’ needs for filtration solutions through innovative research and
development, application expertise, and global presence. Our approximately
13,000 employees contribute to the Company’s success by supporting our
Customers at our more than 100 sales, manufacturing, and distribution
locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices, and our
shares trade on the NYSE under the symbol DCI. Additional information is
available at www.donaldson.com.
Donaldson Company, Inc.
Rich Sheffer, 952-887-3753
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