People: Applied Industrial Technologies Inc (AIT)

AIT on New York Consolidated

45.27USD
19 Dec 2014
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$0.01 (+0.02%)
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Summary

Name Age Since Current Position

Peter Wallace

60 2014 Independent Chairman of the Board

Neil Schrimsher

50 2013 President, Chief Executive Officer, Director

Mark Eisele

57 2004 Chief Financial Officer, Vice President, Treasurer

Kurt Loring

45 2014 Chief Human Resource Officer, Vice President

Todd Barlett

59 2004 Vice President - Acquisitions and Global Business Development

Fred Bauer

48 2002 Vice President, General Counsel, Secretary

Thomas Armold

59 2008 Vice President - Marketing and Strategic Accounts

Carl Will

44 2013 Chief Commercial Officer

John Meier

67 2014 Director

Peter Dorsman

59 2002 Independent Director

L. Thomas Hiltz

68 1981 Independent Director

Edith Kelly-Green

61 2002 Independent Director

Dan Komnenovich

62 2012 Independent Director

J. Michael Moore

71 1997 Independent Director

Vincent Petrella

54 2012 Independent Director

Jerry Thornton

67 1994 Independent Director

Biographies

Name Description

Peter Wallace

Mr. Peter C. Wallace is Independent Chairman of the Board of Applied Industrial Technologies, Inc. He was Independent Director of Applied Industrial Technologies, Inc. He has served on the Applied® Board since 2005. He is Chief Executive Officer of Gardner Denver, Inc., a privately owned global manufacturer of engineered compressors, pumps, blowers, and fluid management solutions for critical applications in industrial, energy, medical, chemical and other demanding industries. He was elected CEO of Gardner Denver in June 2014 after having served on its board. Previously, he was President and Chief Executive Officer, and a director, of Robbins & Myers, Inc., from 2004 until it was acquired in February 2013 by National Oilwell Varco, Inc. Robbins & Myers was a NYSE-listed leading designer, manufacturer, and marketer of highly engineered equipment and systems for energy, chemical, pharmaceutical and industrial markets worldwide. Mr. Wallace also serves on the board of Rogers Corporation, a NYSE-listed company providing advanced materials technologies and design collaboration for a wide range of industries.

Neil Schrimsher

Mr. Neil A. Schrimsher is President, Chief Executive Officer, Director of Applied Industrial Technologies, Inc. From February 2010 to August 2011, Mr. Schrimsher was Executive Vice President of Cooper Industries plc (formerly NYSE: CBE), a global electrical products manufacturer, where he led Cooper’s Electrical Products Group and headed numerous domestic and international growth initiatives. He was President of Cooper Lighting, Inc. throughout the period from 2006 to December 2010. Mr. Schrimsher is the only Applied executive to serve on the Board. Since joining Applied, he has acquired a deep understanding of the company’s businesses, markets, and competitive landscape. From his prior employment, Mr. Schrimsher has brought to Applied and its Board broad leadership experience, including management of worldwide operations, distribution management, strategic planning and analysis, manufacturing, engineering, supply chain management, and sourcing.

Mark Eisele

Kurt Loring

Mr. Kurt W. Loring is Chief Human Resource Officer, Vice President of the Applied Industrial Technologies, Inc. From October 2011 to July 2014 he was Vice President, Human Resources for the Forged Products segment of Precision Castparts Corporation (NYSE: PCP). The $4.3 billion segment, with greater than 5,000 employees, is a world-leading producer of complex forgings and high-performance nickel-based alloys and super alloys for aerospace, power generation, and general industrial applications. Prior to that he served with Danaher Corporation (NYSE: DHR), most recently (from 2008 to September 2011) as the Vice President, Human Resources for its Fluke Corporation subsidiary, a leader in the manufacture, distribution, and service of electronic test tools and software worldwide.

Todd Barlett

Mr. Todd A. Barlett is Vice President - Acquisitions and Global Business Development of Applied Industrial Technologies, Inc.

Fred Bauer

Mr. Fred D. Bauer is Vice President, General Counsel, Secretary of the Applied Industrial Technologies, Inc.

Thomas Armold

Mr. Thomas E. Armold is Vice President - Marketing and Strategic Accounts of Applied Industrial Technologies, Inc. He previously served as Vice President - Product Management and Marketing.

Carl Will

Mr. Carl E. Will is Chief Commercial Officer of Applied Industrial Technologies, Inc. Most recently, he served as an executive with Invacare Corporation (NYSE: IVC), which engages in the design, manufacture, and distribution of medical equipment and supplies worldwide. Most recently, he was Invacare's Senior Vice President-Global Commercial Operations from November 2010 to January 2013 and its Senior Vice President-North American Homecare from 2008 to November 2010.

John Meier

Mr. John F. Meier serves as Director of Applied Industrial Technologies, Inc. He was Independent Chairman of the Board of Applied Industrial Technologies, Inc. Mr. Meier is the former Chairman and Chief Executive Officer of Libbey Inc., a leading supplier of glass tableware products, from which he retired in 2011. He has served on the Applied Board since 2005, and he also serves as a director of Cooper Tire & Rubber Company.

Peter Dorsman

Mr. Peter A. Dorsman is Independent Director of Applied Industrial Technologies, Inc. He was retired from NCR Corporation (NYSE: NCR) in April 2014. NCR is a global technology company providing assisted and self-service solutions and comprehensive support services that address the needs of retail, financial, travel, healthcare, hospitality, entertainment, and gaming organizations throughout the world. As Executive Vice President, Services since July 2012, Mr. Dorsman led NCR Services, a leading global provider of outsourced and managed service offerings. He was also responsible for customer experience, continuous improvement, and quality throughout NCR, serving as Chief Quality Officer during this period. He previously served as NCR’s Executive Vice President, Industry Solutions Group and Global Operations from November 2011 to July 2012, and, before then, Senior Vice President, Global Operations.

L. Thomas Hiltz

Mr. L. Thomas Hiltz is Independent Director of Applied Industrial Technologies, Inc. He is an attorney in Covington, Kentucky and is one of five trustees of the H.C.S. Foundation, a charitable trust which has sole voting and dispositive power with respect to 500,000 shares (as of June 30, 2014) of Applied stock. Mr. Hiltz’s background as a practicing lawyer and fiduciary includes diverse experience with business transactions, including mergers and acquisitions, and board governance. In addition to service as a director of Great American Financial Resources, Inc., a public company prior to its acquisition by American Financial Group, Inc., he has served as a director of numerous private companies, some with significant minority shareholder bases, and led those boards in overseeing large corporate transactions. Mr. Hiltz also is the Board’s longest-serving member, contributing to its deliberations an institutional memory stretching back several generations of executive teams.

Edith Kelly-Green

Ms. Edith Kelly-Green is Independent Director of Applied Industrial Technologies, Inc. She was Vice President and Chief Sourcing Officer of FedEx Express, the world’s largest express transportation company and a subsidiary of FedEx Corporation (NYSE: FDX). Ms. Kelly-Green has significant procurement and logistics experience from her service with FedEx Express, where she was successful in designing and enhancing the company’s extensive internal supply chain processes. Because Applied is a distributor, the processes of buying, inventorying, and transporting products are critical to our business. In addition, her career began in the field of accounting as a Certified Public Accountant with an international public accounting firm and she served as Vice President-Internal Audit with FedEx Corporation. Ms. Kelly-Green’s skills and background in these areas make her well-suited for our company and Board.

Dan Komnenovich

Mr. Dan P. Komnenovich is Independent Director of Applied Industrial Technologies, Inc. He was President and Chief Executive Officer of Aviall, Inc. from January 2010 until his retirement in August 2013. Aviall, a wholly owned subsidiary of The Boeing Company (NYSE: BA), is one of the world’s largest providers of new aviation parts and related aftermarket operations. It also provides maintenance for aviation batteries, wheels, and brakes, as well as hose assembly, kitting, and paint-mixing services, and offers a complete set of supply chain and logistics services, including order processing, stocking and fulfillment, automated inventory management, and reverse logistics to OEMs and customers. From 2000 until January 2010, he was Aviall’s Executive Vice President and Chief Operating Officer. Mr. Komnenovich led a global multi-billion dollar distribution company which grew significantly during his service as a senior executive. He brings to our Board extensive experience with distribution sales, marketing, operations, supply chain management, and logistics. Earlier in his career, Mr. Komnenovich was a Certified Public Accountant and served in finance and accounting roles with various companies.

J. Michael Moore

Mr. J. Michael Moore is Independent Director of Applied Industrial Technologies, Inc. He is President of Oak Grove Consulting Group, Inc. He was Chairman and Chief Executive Officer of Invetech Company, a distributor of bearings, mechanical and electrical drive system products, industrial rubber products, and specialty maintenance and repair products, prior to its acquisition by Applied in 1997. Mr. Moore was the longtime Chairman and Chief Executive Officer of Invetech, an industrial distributor and direct competitor of Applied’s. After Applied acquired Invetech, Mr. Moore continued to participate in industry trade associations and served as board chairman of the National Association of Wholesaler-Distributors. His firsthand experience with the operational, financial, and marketplace dynamics of Applied’s industry makes him a key contributor to the Board’s business discussions. In addition, Mr. Moore’s career includes service as Invetech’s Chief Financial Officer and as a board member, and chairman, of the Detroit branch of the Federal Reserve Bank of Chicago.

Vincent Petrella

Mr. Vincent K. Petrella is Independent Director of Applied Industrial Technologies, Inc. He is Senior Vice President, Chief Financial Officer and Treasurer of Lincoln Electric Holdings, Inc. (NASDAQ: LECO). Lincoln Electric engages in the design, manufacture, and sale of welding, cutting, and brazing products worldwide. As one of Lincoln Electric’s top executives, Mr. Petrella has helped lead the company’s global expansion over the last decade. His leadership and operating experience, and his knowledge of industrial distribution in North America and abroad, position him to be a key contributor to discussions about Applied’s strategy. In addition, Mr. Petrella’s finance and accounting background (before joining Lincoln Electric he was a Certified Public Accountant with an international public accounting firm) and his current service as Chief Financial Officer for a multi-billion dollar public company make him a valued member of the Board and chairman of the Audit Committee.

Jerry Thornton

Dr. Jerry Sue Thornton, Ph.D., is Independent Director of Applied Industrial Technologies, Inc. She retired in June 2013 after serving as President of Cuyahoga Community College, the largest multi-campus community college in Ohio, for more than 20 years. Upon her retirement, Cuyahoga Community College honored her with the title of President Emeritus. Dr. Thornton is a preeminent educator with significant experience in career training. Our workforce is our most important resource, and her background and skills help the Board monitor Applied’s efforts to maximize our associates’ potential. Having served as Cuyahoga Community College’s longtime President, overseeing a budget of over $330 million, she also contributes broad general management skills to Applied’s Board. In addition, Dr. Thornton has extensive service as a director of other NYSE-listed companies, including participation on numerous key board committees.

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