Bloomberg News

Pentair President Retiring at Year’s End, Post Won’t Be Replaced

October 14, 2013

Pentair Ltd. (PNR:US), a water filtration, fluids and equipment-protection company, said President and Chief Operating Officer Michael Schrock will retire at the end of the year and that the position won’t be replaced.

The company’s shares have risen 51 percent over the past year as Pentair merged with Tyco International Ltd.’s flow-control business,

“With the one-year anniversary of the Tyco Flow Control merger, it is the right time to make this transition,” Schrock, 60, said in today’s statement. Pentair, incorporated in Switzerland for tax reasons, has its main offices in Minneapolis.

To contact the reporter on this story: Randall Hackley in London at rhackley@bloomberg.net

To contact the editor responsible for this story: Randall Hackley at rhackley@bloomberg.net


Coke's Big Fat Problem
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • PNR
    (Pentair PLC)
    • $63.65 USD
    • -0.42
    • -0.66%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus