Parker CFO Pistell Steps Down after 41 Years with Firm

Parker Hannifin (NYSE: PH) CFO Timothy K. Pistell has announced his retirement after more than four decades with the motion and control technologies manufacturer.

Controller Jon P. Marten has been elected by the board to replace Pistell.

“Tim has had an outstanding career at Parker with many significant contributions spanning four decades, especially among Parker’s financial team and in his working relationships with the investment community, ” CEO Don Washkewicz said. “It has been an honor to work side by side with such a talented and dedicated senior leader.  Tim has been instrumental in helping us drive improved financial performance and shareholder returns through the execution of the Win Strategy.  We wish him the best in his retirement.”

Check Also

health care

Aptive-HTG JV Wins $121M in VA Health System Modernization Task Orders

A joint venture between Aptive Resources and Enterprise Resource Performance Inc. has won two task orders worth $121M combined to provide systems integration and operational support for the Department of Veterans Affairs’ healthcare networks.

IMAP mission

SpaceX to Help Launch NASA’s Heliosphere Exploration Spacecraft Under $109M Contract

SpaceX will provide launch services under a potential $109.4M contract for a NASA-funded mission that seeks to further study the heliosphere’s boundary that produces a magnetic barrier protecting the solar system. NASA said Saturday its Interstellar Mapping and Acceleration Probe mission will examine the neutral particles that pass through the barrier and study how particles become faster in space.