Parker President And COO Retires

Posted on December 14, 2006

Parker Hannifin Corp. has announced the retirement of President and Chief Operating Officer Nickolas W. Vande Steeg, who will retire as president and member of Parker's Board of Directors at the end of this calendar year. Current Chairman and Chief Executive Officer Donald E. Washkewicz will assume the title of president.

To ensure a smooth transition, the operational responsibility for Parker's business groups previously held by Vande Steeg are now under the responsibility of two executives, who were recently promoted to the position of senior vice president, operating officer. As previously announced, Lee C. Banks and Thomas L. Williams were promoted to their new roles Nov. 1 to oversee the company's industrial businesses.

Vande Steeg, 63, began his career at Parker as a Total Quality Assurance

Manager within the company's seal business in 1971. He advanced at the company through 10 positions, including general manager, global seal group president and finally president and COO.

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