Donaldson Names Charles McMurray Senior Vice President, Industrial Products, Technology and South Africa
MINNEAPOLIS (Sept. 11, 2006) - Donaldson Company, Inc. (NYSE: DCI) announced today that Charles J. McMurray is promoted to Senior Vice President, Industrial Products, Technology, and South Africa. Most recently, McMurray was Vice President, Europe, South Africa, Mexico, IT and Facilities.
McMurray will assume the leadership of the Industrial Products segment from James R. Giertz, who is leaving Donaldson to pursue an opportunity as Chief Financial Officer with Residential Capital Corporation (ResCap), one of the nation's largest real estate finance companies. Giertz had previously served as Chief Financial Officer of Donaldson prior to taking on his current role.
McMurray joined Donaldson in 1980 as a senior operations accountant and has held various leadership positions including Vice President, Human Resources, Director of IT, Director of Manufacturing for Donaldson Europe, and Plant Manager of Donaldson's Dixon, Illinois manufacturing facility. McMurray also served two assignments at Advanced Filtration Systems Inc. ("AFSI"), from 1986 through 1990 as Finance and Administration Manager and from 1992 through 1997 as General Manager. AFSI is a 50/50 joint venture with Caterpillar Inc. (NYSE: CAT).
"Charlie is a strong leader with a proven track record in delivering outstanding results," said Bill Cook, Chairman, President and CEO. "He has held a variety of demanding leadership positions in both staff and operational roles in various Donaldson locations, both in the U.S. and overseas. The interpersonal skills, experience, management abilities and perspective he has developed in those assignments equip him well for the challenges in his new role.
"I thank Jim for his many contributions to Donaldson and especially for the strategy he has executed for our Industrial Group over the past six years. Under Jim's leadership, we completed two of the largest acquisitions in Donaldson's history, DCE and Ultrafilter, significantly expanding both our product range and global presence. We have the organization, clear strategy and business platform in place for continued future growth of our Industrial Products due to Jim and his team's efforts."
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems and replacement parts. We are a technology-driven company committed to satisfying our customers needs for filtration solutions through innovative research and development. We serve customers in the diesel engine and industrial markets including in-plant air cleaning, compressed air and gas purification, power generation, disk drive filtration, off-road equipment and on-road trucks. Our 11,000 employees contribute to the company's success at over 30 manufacturing locations around the world. Donaldson is a member of the S&P MidCap 400 Index and Donaldson shares are traded on the NYSE under the symbol DCI. Additional company information is available at www.donaldson.com.
