CLEVELAND, Dec. 3 /PRNewswire-FirstCall/ -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the retirement of Marwan M. Kashkoush, Executive Vice President - Sales, Marketing and Operations Support. Kashkoush, age 55, will remain in his current role through September 30, 2010 to allow for a structured transition of his responsibilities. During this transition, he will remain an integral member of the Parker Management Committee, and the Office of the Chief Executive.
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"Marwan has had an outstanding 32 year career at Parker," said Don Washkewicz, Chairman, Chief Executive Officer and President. "Beyond his accomplishments within our operating business groups, where he led the Hydraulics Group to a global leadership position, in his current role in executive management he has been instrumental in establishing a more consistent and strategic approach to marketing and a growing retail presence for the company. While an executive of Marwan's caliber will be missed, his contributions will have lasting positive effects. Today, Parker is a much more market focused corporation as a result of the processes Marwan has introduced."
Mr. Kashkoush began his career at Parker in 1977 and held a variety of sales, marketing, and operations assignments at the divisional level before becoming Group Vice President of Sales and Marketing, Hydraulics, one of the company's largest business groups. Subsequently he became President, European Hydraulics Operations before taking on overall leadership of the group as Group President, Hydraulics from 2000 to 2003. Prior to his current role, Mr. Kashkoush was Corporate Vice President, Worldwide Sales and Marketing from 2003 until 2007.
"It has been a true honor to have worked for Parker Hannifin throughout my career. That honor is a reflection not only of the technology and strategy that has made us so successful, but just as importantly, of Parker's drive to serve the customer and the dedicated and engaging people that make up this world class company. In every role I have held, I have found myself surrounded by people of integrity and caring. I believe our company has some very special, unique qualities, and when I leave the organization next year, I will truly miss being an everyday part of Parker's culture of success. I also want to take this opportunity to thank all of our customers and distributors for their business year in and year out," said Kashkoush.
With annual sales exceeding $10 billion in fiscal year 2009, 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 mobile, industrial and aerospace markets. The company employs approximately 52,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 53 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.
SOURCE Parker Hannifin Corporation
Christopher M. Farage, Vice President, Communications & External Affairs, +1-216-896-2750
Pamela Huggins, Vice President - Treasurer, +1-216-896-2240
both of Parker Hannifin