Parker Elects Stryker CEO Kevin Lobo to Board of Directors
CLEVELAND, July 2, 2013
CLEVELAND, July 2, 2013 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:
PH), the global leader in motion and control technologies, today announced the
election of Kevin A. Lobo to its Board of Directors, effective August 1, 2013,
for a term expiring in October 2013, at which time the entire Board will stand
for election to a one year term at the Annual Meeting of Shareholders.
Mr. Lobo is currently President and Chief Executive Officer of Stryker
Corporation, a leading medical technologies company that offers a diverse
array of reconstructive, medical and surgical, and neurotechnology and spine
products headquartered in Kalamazoo, Michigan. Mr. Lobo joined Stryker in
April 2011, and served as Group President, Orthopaedics, where he had
responsibility for the Reconstructive, Trauma & Extremities, Joint
Preservation, Orthobiologics and Performance Solutions businesses. He became
President and Chief Executive Officer in October 2012 and is also a member of
the Stryker Board of Directors.
"We are pleased to welcome Kevin Lobo to our Board and look forward to his
insights and counsel," said Chairman, CEO and President Don Washkewicz. "Kevin
has extensive experience leading large and diversified multi-national
corporations in the medical technology industry, and his expertise will add
significant value, particularly as Parker expands its presence in life
sciences and related markets."
Prior to joining Stryker, Mr. Lobo held several senior leadership roles at
Johnson & Johnson, including Worldwide President of Ethicon Endo-Surgery.
Prior to that, he served as President of J&J Medical Products Canada and as
Vice President of Finance for McNeil Consumer and Specialty Pharmaceuticals
and Ortho Women's Health & Urology. His experience also includes positions
with Rhone-Poulenc in North America and Europe, as well as Kraft and KPMG in
With annual sales of $13 billion in fiscal year 2012, 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
mobile, industrial and aerospace markets. The company employs approximately
60,000 people in 48 countries around the world. Parker has increased its
annual dividends paid to shareholders for 57 consecutive fiscal 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 www.parker.com, or its
investor information web site at www.phstock.com.
SOURCE Parker Hannifin Corporation
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