Parker Announces Retirement of Vice President – Corporate Finance Robin J. Davenport | News
CLEVELAND, May 03, 2022 (GLOBE NEWSWIRE) — Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that Robin J. Davenport, vice president – Corporate Finance, will take his retirement on December 31, 2022, after 19 years of loyal service to the company.
“Robin should be proud of everything she has accomplished throughout her career and nearly two decades with Parker,” said Todd Leombruno, executive vice president and chief financial officer. “As head of corporate finance, Robin was not only Parker’s primary contact with the investment community, but also helped lead the company through several phases of growth and expansion, through times of economic recession, to successfully complete several multi-billion dollar acquisitions and ultimately to achieve record financial performance.We are grateful for his contributions and skillful leadership.
Davenport joined Parker in 2004 as vice president of business planning and development. In this role, she oversaw approximately 60 strategic transactions, adding more than $3.5 billion in annualized revenue. In 2014, Davenport was named Vice President – Corporate Finance with primary responsibility for Parker’s global treasury, corporate credit, investor relations, risk management and economics functions, and planning. and business development. In addition to augmenting Parker’s capital allocation strategy, Davenport instilled rigorous acquisition and integration processes, directing corporate finance on the completed acquisitions of CLARCOR, LORD Corporation and Exotic Metals Forming Company and the pending acquisition of Meggitt plc, all with a combined total of $6.5 billion in annual revenue. Davenport also championed the launch of Peer W, Parker’s first business resource group focused on attracting and developing female leaders through career development, mentoring and networking. Under his leadership, Peer W has grown from a local pilot to a fully grown global network with chapters in over 30 countries.
Prior to joining Parker, Davenport was Vice President of Business Development and Planning for CNH Capital Corporation (formerly Case Capital Corporation). Prior to CNH, she was Vice President and Regional Head of Loans for Firstar Corporation (now US Bank).
Davenport currently serves on the board of directors of Standex International Corporation (NYSE: SXI) and is a member of the audit committee. She is also a member of the board of directors of the Cleveland Leadership Center, serves on the finance committee of the Greater Cleveland Foodbank and is chair of the Manufacturers Alliance Investor Relations Council. She is a member of the National Investor Relations Institute, Financial Executives International and In Counsel with Women. Previously, she served on the boards of the Cleveland Institute of Art, Gordon Square Arts District, In Counsel with Women and St. Joseph’s Academy.
About Parker Hannifin Parker Hannifin is one of the world’s leading Fortune 250 motion and control technologies. For more than a century, the company has enabled technical breakthroughs that lead to a better future. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive years, among the five oldest dividend increase records on the S&P 500 Index. Read more about www.parker.com or @parkerhannifin.
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Media – Aidan Gormley, Director, Global Communications and Branding 216/896-3258 aidan.gormley@parker.com
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