Parker Elects William “Skip” Bowman as Vice President and President – Fluid Connectors Group, Effective January 1, 2023

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) announced the election of William R. “Skip” Bowman as Vice President and President of the Fluid Connectors Group, effective January 1, 2023. He will succeed Andrew D. Ross, who has been appointed Chief Operating Officer. Bowman brings extensive experience within Parker, having held leadership roles in various operating groups since joining in 1983. His transition is expected to be smooth due to his familiarity with the Fluid Connectors Group's operations. Parker has a notable history of increasing its annual dividend for 66 consecutive years.

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• William R. 'Skip' Bowman brings extensive experience, having previously led the Instrumentation Group and Fluid Connectors Group.
• Parker has a strong track record of dividend increases for 66 consecutive years, reflecting stable financial performance.

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• None.

CLEVELAND, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has elected William R. “Skip” Bowman, as Vice President and President – Fluid Connectors Group, effective January 1, 2023. Mr. Bowman will succeed Andrew D. Ross, who, as previously announced, was elected to the role of Chief Operating Officer, effective January 1, 2023.

“Skip’s capabilities and experience make him ideally suited for this role,” said Jennifer A. Parmentier, Parker’s Chief Operating Officer. “He has leadership experience in multiple operating groups at Parker, including as an operations leader in the Fluid Connectors Group. This familiarity will allow him to transition smoothly to his new responsibilities.”

Mr. Bowman was most recently Vice President and President – Instrumentation Group, a position he has held since 2016.  Prior to that, he was Vice President of Operations for the Filtration Group from 2015 to 2016. From 2007 to 2015, he was Vice President of Operations for the Fluid Connectors Group with broad oversight for multiple divisions globally. He joined Parker in 1983 as a manufacturing engineer for the Instrumentation Connectors Division, and held progressively responsible engineering and operations roles at the Tube Fittings Division and Instrumentation Connectors Division. Beginning in 1998, he held several general manager roles in the Instrumentation Valve Division and the Instrumentation Products Division.

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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• William "Skip" Bowman

FAQ

What are the key details about Skip Bowman's new role at Parker Hannifin?

William R. 'Skip' Bowman has been elected as Vice President and President of the Fluid Connectors Group, effective January 1, 2023.

Who is succeeding Andrew D. Ross at Parker Hannifin?

William R. 'Skip' Bowman will succeed Andrew D. Ross as President of the Fluid Connectors Group.

When does Skip Bowman officially start his new position at Parker Hannifin?

Skip Bowman will officially start his new role on January 1, 2023.

What is the significance of Parker Hannifin's dividend history?

Parker Hannifin has increased its annual dividend per share for 66 consecutive years, ranking among the top five in the S&P 500.

What experience does Skip Bowman have within Parker Hannifin?

Skip Bowman has held various leadership roles since joining Parker in 1983, including leadership in the Fluid Connectors Group.