Parker Promotes Myslenski, Announces Leadership Structure Effective July 1

Apr 30, 2001, 01:00 ET from Parker Hannifin Corporation

    CLEVELAND, April 30 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:   PH)
 today announced the promotion of John D. ("Jack") Myslenski, age 50, to the
 position of Corporate Vice President, Operations, effective with the July 1
 management transition in which Don Washkewicz succeeds Duane Collins as CEO.
 The company also said it will form a new "Office of the Chief Executive,"
 including Washkewicz, Executive Vice President Denny Sullivan, Chief Financial
 Officer Mike Hiemstra and Myslenski. With the formation of this office comes a
 new leadership structure to align reporting of the company's motion-oriented
 industrial operations (including the Hydraulics, Fluid Connectors and
 Automation groups) under Myslenski, and the flow-control-oriented businesses
 (including the Seal, Climate & Industrial Controls, Filtration and
 Instrumentation groups) under Sullivan.
     "This alignment is designed to enhance the marketing synergies that exist
 among our operating groups so we can continue to grow our share of the
 market," said CEO-elect Washkewicz.  "It's what we've always been building
 toward, and we think the collaboration of these groups will take us further in
 providing complete systems for customers who want the best in motion-control
 solutions."
     In his new role, Myslenski will be responsible for leading operating and
 marketing strategies among the groups reporting to him. He also will become a
 member of the company's management committee. As an accomplished leader,
 Myslenski has achieved many successes in his 27-year career at Parker, most
 recently as President of the company's Fluid Connectors Group. A corporate
 officer since 1997, Myslenski earned a Bachelor of Science degree in
 Industrial Technology from Ohio University and an MBA from Case Western
 Reserve University.
     "Jack has a passion for making success stories out of demanding
 assignments," said Washkewicz. "He does it with a commitment to helping people
 achieve their best. With Jack's direction, our Connectors Group has sustained
 consistent market leadership."
     "I've been fortunate to work with many talented colleagues at Parker, and
 this is a challenge I'm happy to accept," Myslenski said. "We'll remain
 focused on our customers and finding efficient and innovative ways to enhance
 their performance with the most comprehensive offering of motion systems and
 service."
     With annual sales of $6 billion, 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 commercial,
 mobile, industrial and aerospace markets. The company employs more than 45,000
 people in 46 countries around the world. For more information, visit the
 company's web site at www.parker.com , or its investor information site at
 www.phstock.com .
 
     Forward-Looking Statements:
     Forward-looking statements contained in this and other written and oral
 reports are made based on known events and circumstances at the time of
 release, and as such, are subject in the future to unforeseen uncertainties
 and risks. All statements regarding future performance, events or developments
 are forward-looking statements. It is possible that the company's future
 performance may differ materially from current expectations, depending on
 economic conditions in its markets.
 
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SOURCE Parker Hannifin Corporation
    CLEVELAND, April 30 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:   PH)
 today announced the promotion of John D. ("Jack") Myslenski, age 50, to the
 position of Corporate Vice President, Operations, effective with the July 1
 management transition in which Don Washkewicz succeeds Duane Collins as CEO.
 The company also said it will form a new "Office of the Chief Executive,"
 including Washkewicz, Executive Vice President Denny Sullivan, Chief Financial
 Officer Mike Hiemstra and Myslenski. With the formation of this office comes a
 new leadership structure to align reporting of the company's motion-oriented
 industrial operations (including the Hydraulics, Fluid Connectors and
 Automation groups) under Myslenski, and the flow-control-oriented businesses
 (including the Seal, Climate & Industrial Controls, Filtration and
 Instrumentation groups) under Sullivan.
     "This alignment is designed to enhance the marketing synergies that exist
 among our operating groups so we can continue to grow our share of the
 market," said CEO-elect Washkewicz.  "It's what we've always been building
 toward, and we think the collaboration of these groups will take us further in
 providing complete systems for customers who want the best in motion-control
 solutions."
     In his new role, Myslenski will be responsible for leading operating and
 marketing strategies among the groups reporting to him. He also will become a
 member of the company's management committee. As an accomplished leader,
 Myslenski has achieved many successes in his 27-year career at Parker, most
 recently as President of the company's Fluid Connectors Group. A corporate
 officer since 1997, Myslenski earned a Bachelor of Science degree in
 Industrial Technology from Ohio University and an MBA from Case Western
 Reserve University.
     "Jack has a passion for making success stories out of demanding
 assignments," said Washkewicz. "He does it with a commitment to helping people
 achieve their best. With Jack's direction, our Connectors Group has sustained
 consistent market leadership."
     "I've been fortunate to work with many talented colleagues at Parker, and
 this is a challenge I'm happy to accept," Myslenski said. "We'll remain
 focused on our customers and finding efficient and innovative ways to enhance
 their performance with the most comprehensive offering of motion systems and
 service."
     With annual sales of $6 billion, 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 commercial,
 mobile, industrial and aerospace markets. The company employs more than 45,000
 people in 46 countries around the world. For more information, visit the
 company's web site at www.parker.com , or its investor information site at
 www.phstock.com .
 
     Forward-Looking Statements:
     Forward-looking statements contained in this and other written and oral
 reports are made based on known events and circumstances at the time of
 release, and as such, are subject in the future to unforeseen uncertainties
 and risks. All statements regarding future performance, events or developments
 are forward-looking statements. It is possible that the company's future
 performance may differ materially from current expectations, depending on
 economic conditions in its markets.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X36446532
 
 SOURCE  Parker Hannifin Corporation