Gardner Denver, Inc. Announces the Retirement of Frank J. Hansen from the Board of Directors Effective November 2011; Diane K. Schumacher to Succeed as Chairperson

WAYNE, PA February 24, 2011 - Gardner Denver, Inc. (NYSE: GDI) announced today that Frank J.
Hansen, Chairman of the Board of Directors, has decided to retire following the November 2011 Board
Meeting after having reached the customary Board retirement age. The Board has unanimously appointed
Diane K. Schumacher, member of the Gardner Denver, Inc. Board of Directors since 2000, to succeed Mr.
Hansen as Chairperson upon his retirement.

Mr. Hansen was appointed Chairman, in a non-executive capacity, in May 2008 and has been a director of
Gardner Denver, Inc. since June 1997. In addition, Mr. Hansen served as Lead Nonemployee Director
from November 2002 until his appointment as Chairman of the Board in May 2008.

"Frank Hansen's guidance and dedicated service to Gardner Denver over the past fourteen years has been
invaluable. On behalf of the Board of Directors, shareholders and employees of the Company, I thank him
for his many contributions," said Barry L. Pennypacker, Gardner Denver's President and Chief Executive
Officer. "His tremendous knowledge of our industry and extensive business experience has been a key
asset to Gardner Denver's growth and success and will be greatly missed."

Diane K. Schumacher has been a director of Gardner Denver since August 2000 and is currently
Chairperson of the Nominating and Corporate Governance Committee. Mrs. Schumacher served as Senior
Vice President, General Counsel and Secretary of Cooper Industries, Ltd., a company engaging in the
manufacture and sale of electrical products and tools, from 1995 to 2003, and was Senior Vice President,
General Counsel and Chief Compliance Officer until August 2006. She served as Special Counsel to the
CEO of Cooper from September 2006 until her retirement from Cooper in September 2008.

"Over the past decade, Diane's experience, business acumen and forward thinking have been instrumental
to the Board of Directors," said Mr. Pennypacker. "As Chairperson, she will be a valuable leader,
especially as we continue the Company's evolution through the Gardner Denver Way."

Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide
manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers for
various industrial, medical, environmental, transportation and process applications, pumps used in the
petroleum and industrial market segments and other fluid transfer equipment, such as loading arms and dry
break couplers, serving chemical, petroleum and food industries. Gardner Denver's news releases are
available by visiting the Investors section on the Company's website (

Contact: Michael M. Larsen
Vice President and CFO
(610) 249-2002

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