Parker Announces Retirement of Andrew M. Weeks, Vice President and President - Engineered Materials Group
Parker Hannifin Corporation (NYSE:PH) announced the retirement of Andrew M. Weeks, Vice President and President of the Engineered Materials Group, effective August 31, 2022. His leadership contributed to significant growth, especially following the acquisition of LORD Corporation in 2019, which doubled the size of the group. Tom Williams, CEO, expressed gratitude for Weeks’ contributions and emphasized the company’s commitment to strategic succession planning for this key role. Parker Hannifin is recognized for increasing its annual dividend for 66 consecutive years.
- Leadership transition with a strong succession plan in place.
- Significant growth in the Engineered Materials Group under Weeks' leadership.
- Continued commitment to shareholder returns with 66 years of increased annual dividends.
- None.
CLEVELAND, July 28, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Andrew M. Weeks, Vice President and President – Engineered Materials Group, will retire effective August 31, 2022.
“We are grateful to Andy for his leadership of the Engineered Materials Group during a period of significant growth and transformation,” said Tom Williams, Chairman and Chief Executive Officer. “He has held leadership positions spanning multiple operating groups within Parker and we appreciate his many years of service to our company. Our strategic approach to succession planning will allow us to fill this important leadership role in the very near future.”
Weeks led the Engineered Materials Group through a period of substantial change driven by Parker’s Acquisition of LORD Corporation in 2019, which doubled the size of the group. He was named Vice President and President - Hydraulics Group in September 2015 and became Vice President and President - Motion Systems Group in 2017, when the Hydraulics Group merged with the Pneumatics and Electromechanical businesses of the Automation Group. He joined Parker in 2013 as Vice President of Operations for the Aerospace Group after many years of leadership experience in the aerospace industry.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
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