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Idex CEO Leaves For Pall Corp; VP Silvernail To Succeed Him

DOW JONES NEWSWIRES Idex Corp. (IEX) said Chief Executive Larry Kingsley will leave to head Pall Corp. (PLL) as the diversified manufacturer named Vice President Andrew Silvernail to succeed him. Silvernail joined Idex in January 2009 and most recently led its health and science, fire and safety and dispensing segments, which together make up more than half of the company's annual revenue. He previously worked at Newell Rubbermaid Inc. (NWL) and Danaher Corp. (DHR), among other companies. Idex has seen earnings climb on higher sales and rebounding orders in recent quarters amid global economic improvement. The company makes industrial pumps and valves as well as products such as the Jaws of Life rescue equipment used to extricate victims from small spaces such as wrecked cars. Kingsley, meanwhile, left to head Pall, a maker of filtration and purification products that serves sectors including medicine, energy, electronics and municipal water. As CEO of Pall, Kingsley will succeed Eric Krasnoff, who earlier this year announced plans to retire. Kingsley said he will remain chairman of Idex's board of directors through the end of the year to help ease an orderly transition. Idex shares closed at $34.38 Monday and were inactive in after-hours trading. The stock is up 4.5% over the past 12 months. Pall shares closed at $71.38 and were inactive after hours. The stock has jumped 46% over the past year. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909; Andrew.FitzGerald@dowjones.com

Stock News for Idex (IEX)
DateTimeHeadline
05/26/201517:07:29Statement of Changes in Beneficial Ownership (4)
05/21/201515:45:14Statement of Changes in Beneficial Ownership (4)
05/19/201506:55:00Columbus McKinnon Appoints Heath A. Mitts to Board of Directors
05/15/201516:53:58Statement of Changes in Beneficial Ownership (4)
05/12/201517:03:04Statement of Changes in Beneficial Ownership (4)
04/29/201516:58:19Statement of Changes in Beneficial Ownership (4)
04/28/201513:00:17Quarterly Report (10-q)
04/26/201504:13:56IDEX Given "Market Perform" Rating at Oppenheimer (IEX)
04/24/201513:13:00IDEX Corporation Invests in Prosperity of Innovation at Lane...
04/23/201514:47:39Current Report Filing (8-k)
04/22/201510:28:06IDEX Price Target Cut to $77.00 (IEX)
04/21/201506:01:38Current Report Filing (8-k)
04/20/201516:15:00IDEX Reports First Quarter Results - EPS of 84 Cents
04/20/201516:05:00IDEX Corporation Signs Agreement to Acquire Novotema
04/13/201512:45:11Current Report Filing (8-k)
04/08/201516:36:35IDEX declares $0.32 dividend
04/08/201516:33:00IDEX Corporation Increases Regular Quarterly Cash Dividend Fourteen...
04/07/201516:50:00IDEX Corporation to Webcast First Quarter 2015 Earnings Call
03/15/201506:57:31Dividend Challengers (And Near-Challengers): 51 Increases Expected...
03/06/201510:26:08Statement of Changes in Beneficial Ownership (4)

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