Thomas L. Williams - Parker Hannifin

Parker Hannifin Corporation says that its Board of Directors has elected company veterans Thomas L. Williams as Chief Executive Officer and Lee C. Banks as President and Chief Operating Officer, each effective February 1, 2015.

Donald E. Washkewicz, who served as Chief Executive Officer since 2001, Chairman of the Board since 2004 and President since 2006, will continue as Chairman of the Board to allow for a smooth transition of his responsibilities.

Mr. Williams and Mr. Banks have also been elected as members of Parker's Board of Directors, effective immediately.

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