Parker Elects E. Jean Savage to its Board of Directors

Rhea-AI Summary

Parker Hannifin (NYSE: PH) has announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.

Ms. Savage currently serves as President and CEO of Trinity Industries and has held various leadership roles at Caterpillar Inc. and Parker Hannifin. Her extensive background includes expertise in industrial, engineering, and transportation sectors, as well as experience in global advanced manufacturing operations.

Parker Hannifin highlights her significant executive leadership and strategic knowledge as key assets for the company's future goals and governance oversight.

Positive

• Election of E. Jean Savage, effective July 10, 2024, brings significant executive leadership experience to Parker Hannifin's Board.
• Her background spans prominent roles at Trinity Industries and Caterpillar, enhancing strategic and operational insights.
• Savage's experience in advanced manufacturing and prior tenure at Parker Hannifin strengthens the company's governance and operational oversight.

Negative

• No significant negative aspects reported.

CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.

Ms. Savage is currently President and Chief Executive Officer of Trinity Industries, Inc., a leading provider of rail transportation products and services in North America, a position she has held since 2020. Previously, she was Vice President, Surface Mining and Technology for Caterpillar Inc. where she spent 17 years in a variety of senior leadership positions that spanned operations, technology and innovation, and quality and continuous improvement. Prior to that, she held a variety of engineering and general manager roles during a 14-year career with Parker Hannifin. Ms. Savage began her career as an intelligence officer with the U.S. Army Reserves.

“Jean brings significant executive leadership experience in the industrial, engineering and transportation sectors,” said Chairman and Chief Executive Officer Jenny Parmentier. “She is a welcome addition to the Board offering deep expertise in areas of strategic importance to us. Jean has a demonstrated track record of success leading global advanced manufacturing operations and brings valuable knowledge, including experience with Parker, that will support our future goals and continue our strong financial, operational and governance oversight.” 

Ms. Savage also serves on the board of directors of Trinity Industries, Inc., and served on the Board of Directors of WestRock Company from February 1, 2022 to July 5, 2024. 

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. Learn more at www.parker.com or @parkerhannifin.

###

FAQ

Who was elected to Parker Hannifin's Board of Directors on July 10, 2024?

E. Jean Savage was elected to Parker Hannifin's Board of Directors on July 10, 2024.

What is the significance of E. Jean Savage's election to Parker Hannifin's Board of Directors?

E. Jean Savage brings extensive executive leadership experience and strategic expertise in industrial, engineering, and transportation sectors, which will support Parker Hannifin's future goals.

What roles did E. Jean Savage hold before joining Parker Hannifin's Board?

Before joining Parker Hannifin's Board, E. Jean Savage was President and CEO of Trinity Industries, and held various senior leadership positions at Caterpillar Inc. and Parker Hannifin.

What impact is expected from E. Jean Savage joining Parker Hannifin's Board?

E. Jean Savage's extensive expertise is expected to enhance Parker Hannifin's strategic, operational, and governance oversight, supporting the company's future goals.