CLEVELAND, April 22, 2021 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of William F. Lacey to its Board of Directors, effective April 22, 2021.
Mr. Lacey is currently President and Chief Executive Officer of GE Lighting, a Savant company, a position he has held since 2015. He has more than 20 years of financial and operational leadership experience with General Electric. GE Lighting was acquired by Savant Systems, Inc., a leader in home control and automation, in 2020.
“Bill is a seasoned leader whose operational proficiency, financial expertise and unique perspective make him a welcome addition to Parker’s Board of Directors,” said Tom Williams, Chairman and Chief Executive Officer. “Having spent nearly three decades with a premier global industrial company, Bill brings an impressive depth of knowledge to our Board and will play an important role in guiding Parker’s continued growth and strong financial performance.”
Mr. Lacey joined General Electric in 1992 and served in various finance and global process improvement roles of increasing responsibility through the Finance Management Program. He joined the GE Corporate Audit team as an Associate in 1995 and progressed to Executive Audit Manager by 2000, when he transitioned to GE Lighting as Manager of Financial Planning and Analysis. He was named Chief Financial Officer of GE Wind Energy in 2002, and later served as Manager of Global Commercial Finance for GE Energy. In 2007, he was appointed Chief Financial Officer of GE Healthcare’s Medical Diagnostics business. Mr. Lacey rejoined GE Lighting in 2011 as Chief Financial Officer of GE Home and Business Solutions Lighting and in 2014 was appointed as a GE Company Officer. In 2015 he was appointed President and Chief Executive Officer of GE Lighting.
Mr. Lacey also currently serves on multiple boards of directors for nonprofit organizations, trade associations and educational institutions.
About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 64 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.
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