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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
04/25/201616:50:21Current Report Filing (8-k)
04/25/201615:43:42Quarterly Report (10-q)
04/19/201608:56:48Current Report Filing (8-k)
04/18/201617:45:00IDEX Reports First Quarter EPS of 89 Cents; Raises Full Year...
04/12/201612:47:36Current Report Filing (8-k)
04/08/201610:51:49Statement of Changes in Beneficial Ownership (4)
04/08/201610:45:17Initial Statement of Beneficial Ownership (3)
04/06/201616:35:00IDEX Corporation Announces Appointment of Mark A. Buthman to...
04/06/201616:33:00IDEX Corporation Increases Regular Quarterly Cash Dividend Six...
03/24/201617:01:00IDEX Corporation to Webcast First Quarter 2016 Earnings Call
03/18/201612:44:40Current Report Filing (8-k)
03/17/201603:30:00IDEX Corporation Completes Acquisition of Akron Brass
03/02/201610:47:56Proxy Statement (definitive) (def 14a)
02/29/201618:50:38Statement of Changes in Beneficial Ownership (4)
02/23/201618:48:57Statement of Changes in Beneficial Ownership (4)
02/23/201618:40:44Statement of Changes in Beneficial Ownership (4)
02/23/201618:34:36Statement of Changes in Beneficial Ownership (4)
02/23/201618:18:22Statement of Changes in Beneficial Ownership (4)
02/23/201618:16:05Statement of Changes in Beneficial Ownership (4)
02/23/201618:13:29Statement of Changes in Beneficial Ownership (4)

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