Pentair Names Karla Robertson General Counsel and Kelly Baker Chief Human Resources Officer for Pentair plc Post Separation
November 13 2017 - 4:00PM
LONDON, United Kingdom - November 13, 2017 -
Pentair plc (NYSE: PNR) announced today that it has named Karla
Robertson as Executive Vice President, General Counsel and
Secretary, and Kelly Baker as Executive Vice President and Chief
Human Resources Officer (CHRO) for Pentair's Water business, which
is expected to separate from Pentair's Electrical business in the
second quarter of 2018, forming two independent, publicly-traded
companies.
"We are pleased to add this level of talent to the
new Pentair executive team," said John Stauch, Pentair Executive
Vice President and CFO, and future Pentair CEO. "Filling
these two executive leadership roles is an important milestone
toward our completion of Pentair's separation into two leading
public companies."
Ms. Robertson joins Pentair from SUPERVALU, a
Minnesota-based grocery wholesaler and retailer where she held
various positions within the legal department, including the last
four years as its Executive Vice President and General
Counsel. Prior to joining SUPERVALU in 2009, Karla was
in-house employment counsel at Target Corporation.
Ms. Baker joins Pentair from Patterson Companies,
a Minnesota based market leading dental and animal health company
where she held the role of CHRO. Prior to joining Patterson
in 2016, Kelly served at General Mills for more than two decades in
multiple human resources roles.
CAUTION CONCERNING
FORWARD-LOOKING STATEMENTS
This press release contains statements that we believe to be
"forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. All statements, other
than statements of historical fact are forward-looking statements.
Without limitation, any statements preceded or followed by or that
include the words "targets," "plans," "believes," "expects,"
"intends," "will," "likely," "may," "anticipates," "estimates,"
"projects," "should," "would," "positioned," "strategy," "future"
or words, phrases or terms of similar substance or the negative
thereof, are forward-looking statements. These forward-looking
statements are not guarantees of future performance and are subject
to risks, uncertainties, assumptions and other factors, some of
which are beyond our control, which could cause actual results to
differ materially from those expressed or implied by such
forward-looking statements. These factors include the ability to
satisfy the necessary conditions to consummate the planned
separation of our Water business and Electrical business into two
independent, publicly-traded companies (the "Proposed Separation")
on a timely basis or at all; the ability to successfully separate
the Water and Electrical businesses and realize the anticipated
benefits from the Proposed Separation; adverse effects on the Water
and Electrical business operations or financial results and the
market price of our shares as a result of the announcement or
consummation of the Proposed Separation; unanticipated transaction
expenses, such as litigation or legal settlement expenses; failure
to obtain tax rulings or changes in tax laws; changes in capital
market conditions; the impact of the Proposed Separation on our
employees, customers and suppliers; overall global economic and
business conditions impacting the Water and Electrical businesses;
future opportunities that our board may determine present greater
potential to increase shareholder value; the ability of the Water
and Electrical businesses to operate independently following the
Proposed Separation; the ability to achieve the benefits of our
restructuring plans; the ability to successfully identify, finance,
complete and integrate acquisitions; competition and pricing
pressures in the markets we serve; the strength of housing and
related markets; volatility in currency exchange rates and
commodity prices; inability to generate savings from excellence in
operations initiatives consisting of lean enterprise, supply
management and cash flow practices; increased risks associated with
operating foreign businesses; the ability to deliver backlog and
win future project work; failure of markets to accept new product
introductions and enhancements; the impact of changes in laws and
regulations, including those that limit U.S. tax benefits; the
outcome of litigation and governmental proceedings; and the ability
to achieve our long-term strategic operating goals. Additional
information concerning these and other factors is contained in our
filings with the SEC, including our Quarterly Report on Form 10-Q
for the quarter ended September 30, 2017. All forward-looking
statements speak only as of the date of this press release. Pentair
plc assumes no obligation, and disclaims any obligation, to update
the information contained in this press release.
About Pentair
Pentair plc (NYSE: PNR) is a global company dedicated to building a
safer, more sustainable world. Pentair delivers industry leading
products, services and solutions that help people make the best use
of the resources they rely on most. Its technology moves the world
forward by ensuring that water is plentiful, useful and pure, and
that critical equipment and those near it are protected. With 2016
revenues of $4.9 billion, Pentair employs approximately 19,000
people worldwide. To learn more, visit pentair.com.
###
Pentair contact:
Jim Lucas
Vice President, Investor Relations and Treasury
Direct: 763-656-5575
Email: jim.lucas@pentair.com
Rebecca Osborn
Senior Manager, External Communications
Tel: 763-656-5589
Email: rebecca.osborn@pentair.com
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Pentair plc via Globenewswire
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