Donaldson Company, Inc. (NYSE: DCI), announced that Jack Eugster and John Grundhofer retired from its Board of Directors, effective at the conclusion of the Company’s November 16 th Board meeting. Eugster, 66, is the retired Chairman, President and CEO of The Musicland Group, Inc. and was ineligible to stand for reelection this year due to reaching the maximum number of terms that a Director may stand for election. Grundhofer, 73, is the retired Chairman and CEO of U.S. Bancorp and was ineligible to stand for reelection this year due to having reached the Board’s mandatory retirement age.
“Jack Eugster joined the Board in 1993 and John Grundhofer joined in 1997 and both have continuously served with distinction,” said Bill Cook, Donaldson’s Chairman, President and CEO. “They have provided strong leadership and guidance to me and the rest of our Board, reinforced by insights they gained as Chairmen and CEOs of the companies they led and from their service on other boards. Donaldson’s Board, Employees, and Shareholders have greatly benefitted from their loyal support, wise counsel, and many contributions made to the growth and success of our Company.”
John Wiehoff, a Board member since 2003, replaces Eugster as the Chair of the Audit Committee. Wiehoff, 53, is Chairman and CEO of C.H. Robinson Worldwide, Inc. Janet Dolan, a Board member since 1996, replaces Grundhofer as Chair of the Corporate Governance Committee. Dolan, 62, is President of Act 3 Enterprises, LLC and is the retired CEO and President of Tennant Company.
About Donaldson Company, Inc.Donaldson is a leading worldwide provider of filtration systems that improve people’s lives, enhance our Customers’ equipment performance, and protect our environment. We are a technology-driven Company committed to satisfying our Customers’ needs for filtration solutions through innovative research and development, application expertise, and global presence. Our approximately 13,000 employees contribute to the Company’s success by supporting our Customers at our more than 100 sales, manufacturing, and distribution locations around the world.
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