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Donaldson Company Announces Leadership Role Changes

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Donaldson Company (NYSE: DCI), a leading global provider of filtration solutions, has announced key leadership changes effective August 1, 2024. Andrew Dahlgren, currently President of Life Sciences, will become President of Mobile Solutions. Richard Lewis, currently President of Mobile Solutions, will take over as President of Life Sciences. These changes support Donaldson's strategic initiatives and organizational development goals, aiming toward fiscal 2026 financial targets and 2030 sustainability ambitions. Both leaders, with extensive experience within the company, promise a seamless transition.

Positive
  • Leadership changes align with strategic initiatives and organizational development goals.
  • Both Andrew Dahlgren and Richard Lewis have extensive experience within the company, ensuring a smooth transition.
  • Donaldson is focusing on its fiscal 2026 financial targets and 2030 sustainability ambitions.
Negative
  • Corporate restructuring might lead to temporary disruptions in operations.
  • Leadership changes could potentially affect employee morale and business continuity if not managed well.

MINNEAPOLIS--(BUSINESS WIRE)-- Donaldson Company, Inc. (NYSE: DCI), a leading worldwide provider of innovative filtration products and solutions, today announced the following leadership role changes effective August 1, 2024:

  • Andrew Dahlgren, 53, currently President, Life Sciences is appointed President, Mobile Solutions.
  • Richard Lewis, 52, currently President, Mobile Solutions is appointed President, Life Sciences.

"As we execute on our strategic initiatives and make progress toward our fiscal 2026 financial targets and 2030 sustainability ambitions, we are taking steps to ensure Donaldson maintains leadership depth and agility across the organization," said Tod Carpenter, Chairman, President and CEO. "These changes are consistent with our organizational development goals, providing new opportunities and challenges for our people. Andy and Rich are both accomplished leaders with track records of outstanding performance who will bring well-rounded perspectives to their new roles. We are working closely together to ensure a seamless transition and I am highly confident in their abilities to lead these businesses."

Dahlgren, prior to his current role, was Vice President, Asia Pacific. He joined Donaldson in 1994 and throughout his tenure has held leadership positions including Vice President and General Manager of various business units in both Mobile and Industrial Solutions. Dahlgren holds a bachelor’s degree in mechanical engineering from the University of Minnesota Institute of Technology and an MBA from the University of Minnesota Carlson School of Business.

Lewis, prior to his current role, was Senior Vice President, Global Operations. He joined Donaldson in 2002 and throughout his tenure has held several Operations leadership positions as well as General Manager in Mobile Solutions. Lewis holds a bachelor’s degree in industrial engineering from the University of Louisville and an MBA from Indiana University.

About Donaldson Company

Founded in 1915, Donaldson (NYSE: DCI) is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Diverse, skilled employees at over 140 locations on six continents partner with customers - from small business owners to R&D organizations and the world’s biggest OEM brands. Donaldson solves complex filtration challenges through three primary segments: Mobile Solutions, Industrial Solutions and Life Sciences. Additional information is available at www.Donaldson.com.

Sarika Dhadwal (952) 887-3753

Sarika.Dhadwal@Donaldson.com

Source: Donaldson Company, Inc.

FAQ

What leadership changes did Donaldson Company announce?

Effective August 1, 2024, Andrew Dahlgren will become President of Mobile Solutions, and Richard Lewis will become President of Life Sciences.

When will Donaldson Company's leadership changes take effect?

The leadership changes will take effect on August 1, 2024.

What roles did Andrew Dahlgren and Richard Lewis hold previously at Donaldson Company?

Andrew Dahlgren was President of Life Sciences, and Richard Lewis was President of Mobile Solutions.

Why is Donaldson Company making leadership changes?

The leadership changes are part of Donaldson's strategic initiatives and organizational development goals, aiming to meet fiscal 2026 financial targets and 2030 sustainability ambitions.

What is the stock symbol for Donaldson Company?

The stock symbol for Donaldson Company is DCI.

Donaldson Company, Inc.

NYSE:DCI

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