Parker Hannifin says it has elected company veterans Thomas Williams as CEO and Lee Banks as president and COO, each effective 1 February.
Donald Washkewicz, who served as CEO since 2001, chairman since 2004 and president since 2006, will continue as chairman to allow for a transition of his responsibilities.
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Williams and Banks have also been elected as members of Parker’s Board of Directors, effective immediately.
“Over the past decade, both Tom and Lee have been exposed to the entire global organisation, including broad executive leadership preparation and strategy development,” said Washkewicz.
“They each bring significant experience with all of Parker’s operating groups and have led the growth and development of Parker’s position in emerging markets.
“They are supported by a strong management team, all with the common goal of driving outstanding results across Parker’s businesses.”
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