Donaldson Co. has promoted Tod Carpenter to president and CEO, effective April 1, 2015. Carpenter is currently COO.
As part of the CEO succession process developed by the Donaldson board of directors, current Chairman, President & CEO Bill Cook will remain Chairman of the Board. Cook, 61, has been Chairman, President and CEO of the company since 2005.
Carpenter (at right) was named COO last February. Since joining Donaldson in 1996, he has held various operations, sales, and managerial roles in the U.S. and Europe, serving as a general manager; vice president-Global Industrial Filtration Solutions; vice president, Europe; and senior vice president, Engine Products.
“Tod’s appointment is part of our ongoing executive development and CEO succession process, which our board has been actively engaged in for several years. Our management succession plans help ensure that our leadership team always has the experience and knowledge to effectively manage our company for the benefit of our Shareholders and Customers,” said Cook.
“During his almost two decades at our company, Tod has demonstrated a passion for our business, a strong customer orientation, and a keen focus on delivering financial results," he added. "I have worked closely with Tod throughout his Donaldson career and am confident he is the right leader for our company as we celebrate our 100th anniversary and, more importantly, as we look forward to our next chapter of growth, innovation, and value creation.”