CLEVELAND, March 14 /PRNewswire-FirstCall/ -- The Board of Directors of Parker Hannifin Corporation (NYSE: PH) elected Dan Serbin, age 51, vice president of human resources and a corporate officer of the company, effective May 1. Serbin succeeds Dan Garey, who is retiring.
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Serbin joined Parker in 1980 and has served in a number of human resources management positions. Most recently, he was the vice president of human resources for the Fluid Connectors Group. Serbin earned a bachelor's degree in psychology and a master's in public administration from Ohio State University, and his juris doctor from Cleveland Marshall College of Law. Serbin is a member of the Ohio Bar Association.
"Dan has a proven record of being an excellent employee advocate and has led some of our most important human resources initiatives. Through his leadership, we will continue to empower employees to deliver on our Win Strategy, achieving continued global growth and driving excellence in everything we do," said Chairman and CEO Don Washkewicz.
"I'm very pleased to have the opportunity to serve in this leadership position. Parker has a long history of employing very talented and passionate people and these qualities are what makes Parker a great organization," commented Serbin.
With annual sales exceeding $7 billion, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 48,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 48 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com , or its investor information site at http://www.phstock.com .
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