Corporate Governance and Leadership

As a company that aims to improve life for people everywhere, Pentair believes that good governance sets the foundation for success. In all our efforts, we seek to work well, and that starts with how we manage our own business. The governance principles we practice today were built on the Pentair Code of Business Conduct, established more than 30 years ago.

Some of these practices include:

  • A strong-minded Board made up of a majority of independent directors.
  • An independent Lead Director, William T. Monahan who serves as a direct liaison with management.
  • Direct access by the Board to independent advisors and experts.
  • Routine executive Board sessions without management present.
  • Direct responsibility of Audit & Finance Committee for the retention and supervision of our external auditors.
  • Audit & Finance Committee oversight of our internal auditors.
  • A Code of Business Conduct and Ethics annually affirmed by our employees.
  • An anonymous hotline available to all employees for reporting compliance or other concerns.
  • Related Person Transactions Policy (PDF) to ensure independence and the absence of conflicts
  • Political Contributions Policy (PDF) to ensure contributions are in a manner consistent with our core values and to protect and/or enhance stakeholder value.
  • View Pentair's Political Contributions Reporting for 2012 (PDF)

Committees of the Board

Pentair's Board of Directors has three standing committees.

Audit and Finance Committee

Assists the Board with oversight of accounting and financial reporting processes and audits of financial statements.

The members of the Audit and Finance Committee are Ronald L. Merriman (Chair), Leslie Abi-Karam, Jerry W. Burris, Charles A. Haggerty and David Ho.

Audit and Finance Committee Charter (PDF)

Compensation Committee

Sets and administers policies that govern executive compensation, including setting the Named Executive Officers' compensation.

The members of the Compensation Committee are David Jones (Chair), Glynis A. Bryan, T. Michael Glenn, and William T. Monahan.

Compensation Committee Charter (PDF)

Governance Committee

Identifies individuals qualified to become Directors. Recommends nominees to the Board for election at annual meetings of shareholders. Oversees public policy matters and compliance with the Code of Conduct.

The members of the Governance Committee are Glynis A. Bryan (Chair), T. Michael Glenn, David A. Jones and William T. Monahan.

Governance Committee Charter (PDF)

Corporate Governance Principles

Review our Corporate Governance Principles (PDF)

Leadership

At Pentair, we pride ourselves on winning right and we look to all of our leaders to embody and uphold our company's values.

Board of Directors

Charles A. Haggerty. Mr. Haggerty served as Chief Executive Officer of LeConte Associates, LLC, a consulting and investment firm from 2000 until 2012. Mr. Haggerty joined Western Digital Corporation, a maker of hard disc drives, in 1992, where he served as Chief Operating Officer until 1993 and as Chief Executive Officer and Chairman of the board from 1993 until he retired in 2000. From 1964 to 1992, Mr. Haggerty served in various positions at International Business Machines Corporation. Mr. Haggerty is also a director of Imation Corp., Deluxe Corporation and LSI Corp, and formerly served as a director at Beckman Coulter, Inc. until 2011. Mr. Haggerty is a member of Pentair's Audit and Finance Committee.

Randall J. Hogan. Since January 1, 2001, Mr. Hogan has been Pentair's Chief Executive Officer. Mr. Hogan became Chairman of the Pentair's board of directors on May 1, 2002. From December 1999 through December 2000, Mr. Hogan was Pentair's President and Chief Operating Officer. From March 1998 to December 1999, he was Executive Vice President and President of Pentair's Electrical and Electronic Enclosures Group. From 1995 to 1997, he was President of the Carrier Transicold Division of United Technologies Corporation. From 1994 until 1995, he was Vice President and General Manager of Pratt & Whitney Industrial Turbines. From 1988 until 1994, he held various executive positions at General Electric Company. From 1981 until 1987, he was a consultant at McKinsey & Company. Currently, Mr. Hogan is chair of the board of directors for the Federal Reserve Bank of Minneapolis, a member of the board of Covidien plc, and on the Board of Trustees of American Public Media Group & Minnesota Public Radio. He is also a member of the Minnesota Business Partnership Executive Committee. Mr. Hogan has significant leadership experience both with Pentair and predecessor employers demonstrating a wealth of operational management, strategic, organizational and business transformation acumen. His deep knowledge of business in general and Pentair's businesses, strengths and opportunities in particular, as well as his experience as a director in two other complex global public companies has allowed him to make significant contributions to the Pentair board of directors.

David A. Jones. Mr. Jones serves as the Chair of Pentair's Compensation Committee. Since 2008, Mr. Jones has been Senior Advisor to Oak Hill Capital Partners, a private equity firm. In April 2010, Mr. Jones was appointed to the board of directors of Dave & Buster's Holdings, Inc., an owner and operator of high-volume restaurant/entertainment venues, and to the board of directors as the lead director of The Hillman Group, Inc., a distributor of fasteners, key duplication systems, engraved tags and related hardware items, and in 2012 Mr. Jones was appointed to the board of directors of Earth Fare, Inc., one of the largest natural food retailers in the U.S., all of which are privately owned by Oak Hill Capital Partners. Between 1996 and 2007, Mr. Jones was Chairman and Chief Executive Officer of Spectrum Brands, Inc. (formerly Rayovac Corporation), a global consumer products company with major businesses in batteries, lighting, shaving/grooming, personal care, lawn and garden, household insecticide and pet supply product categories. From 1996 to April 1998, he also served Rayovac as President. After Mr. Jones was no longer an executive officer of Spectrum Brands, it filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in March 2009 and exited from bankruptcy proceedings in August 2009. From 1995 to 1996, Mr. Jones was Chief Operating Officer, Chief Executive Officer, and Chairman of the board of directors of Thermoscan, Inc. From 1989 to 1994, he served as President and Chief Executive Officer of The Regina Company. Mr. Jones also served as a director of Simmons Bedding Company from 2000 to 2010, as a director of Spectrum Brands from 1996 to 2007, and as a director of Tyson Foods, Inc. from 1999 to 2005. Mr. Jones is also a member of Pentair's Governance Committee.

Leslie Abi-Karam. Since 2008, Ms. Abi-Karam has been the Executive Vice President and President, Communications Solutions of Pitney Bowes Inc., a global mailstream technology company. She is responsible for global revenue from Pitney Bowes’ core mailing, digital management solutions, production print and mail businesses. Her responsibilities also include Pitney Bowers’ Global Supply Chain and Customer Operations, providing service and support to over 2 million customers worldwide.Between 2002 and 2008, Ms. Abi-Karam was the Executive Vice President and President, Document Messaging Technologies (DMT) of Pitney Bowes Inc. She has been with Pitney Bowes since 1984 and has held various roles of increasing responsibility. Ms. Abi-Karam is a member of Pentair's Audit and Finance Committee.

Jerry W. Burris. Mr. Burris has been President and Chief Executive Officer of Associated Materials, LLC, a manufacturer of professionally installed exterior building products, since September 2011. Between 2008 and 2011, he was President, Precision Components of Barnes Group Inc. From 2006 until 2008, Mr. Burris was the President of Barnes Industrial, a global precision components business within Barnes Group. Prior to joining Barnes Group, Mr. Burris worked at General Electric Company, a multinational technology and services conglomerate, where he served as president and chief executive officer of Advanced Materials Quartz and Ceramics in 2006. From 2003 to 2006, Mr. Burris was the general manager of global services for GE Healthcare. From 2001 to 2003, he led the integration of global supply chain sourcing for the Honeywell integration and served as the general manager of global sourcing for GE Industrial Systems. Mr. Burris first joined General Electric Company in 1986 in the GE Corporate Technical Sales and Marketing Program. Mr. Burris is a member of Pentair's Audit and Finance committee.

Ronald L. Merriman. Mr. Merriman serves as the Chair of the Audit and Finance Committee. He is the retired Vice Chair of KPMG, a global accounting and consulting firm, where he served from 1967 to 1997 in various positions, including as a member of the Executive Management Committee. He also served as Executive Vice President of Ambassador International, Inc., a publicly-traded travel services business, from 1997 to 1999; Executive Vice President of Carlson Wagonlit Travel, a global travel management firm, from 1999 to 2000; Managing Director of O'Melveny & Myers LLP, a global law firm, from 2000 to 2003; and Managing Director of Merriman Partners, a management advisory firm, from 2004 to 2010. He is also a director of Aircastle Limited, Realty Income Corporation and Haemonetics Corporation.

T. Michael Glenn. Since 1998, Mr. Glenn has been the Executive Vice President-Market Development and Corporate Communications of FedEx Corporation, a global provider of supply chain, transportation, business and related information services. Since 2000, Mr. Glenn has also served as President and Chief Executive Officer of FedEx Corporate Services, responsible for all marketing, sales, customer service and retail operations functions for all FedEx Corporation operating companies including FedEx Office. From 1994 to 1998, Mr. Glenn was Senior Vice President-Marketing and Corporate Communications of FedEx Express. Mr. Glenn is also a director of Level 3 Communications, Inc. and was formerly a director of Deluxe Corporation from 2004 to 2006 and Renasant Corporation from 2008 to 2012. Mr. Glenn is a member of Pentair's Governance and Compensation Committees.

David H. Y. Ho. Mr. Ho is Chairman and founder of Kiina Investment Limited, a venture capital firm that invests in start-up companies in the technology, media and telecommunications industries, and has significant executive experience with global technology companies. From 2007 until his retirement in 2008, he served as the Chairman of the Greater China Region for Nokia Siemens Networks, a telecommunications infrastructure company that is a joint venture between Finland-based Nokia Corporation and Germany-based Siemens AG. Between 2002 and 2007, Mr. Ho served in various capacities for Nokia China Investment Limited, the Chinese operating subsidiary of Nokia Corporation, a multinational telecommunications company. Between 1983 and 2001, Mr. Ho held various senior positions with Nortel Networks and Motorola Inc. in Canada and China. Mr. Ho is also a director of Air Products and Chemicals, Inc. (since 2013), Triquint Semiconductor (since 2010) and Dong Fang Electric Corporation, a Chinese State Owned Enterprise (since 2009), and was a director of 3Com Corporation from 2008 through 2010, Owens-Illinois Inc. from 2008 to 2012 and Sinosteel Corporation from 2008 until 2012. Mr. Ho is a member of Pentair's Audit and Finance Committee.

Glynis A. Bryan. Ms. Bryan serves as the Chair of Pentair's Governance Committee. Since 2007, Ms. Bryan has been the Chief Financial Officer of Insight Enterprises, Inc., a leading provider of information technology products and solutions to clients in North America, Europe, the Middle East and the Asia-Pacific region. Between 2005 and 2007, Ms. Bryan was the Executive Vice President and Chief Financial Officer of Swift Transportation Co., a holding company which operates the largest fleet of truckload carrier equipment in the United States. Between 2001 and 2005, Ms. Bryan was the Chief Financial Officer of APL Logistics, the supply-chain management arm of Singapore-based NOL Group, a logistics and global transportation business. Prior to joining APL, Ms. Bryan spent 16 years with Ryder System, Inc., a truck leasing company, where she held a series of progressively responsible positions in finance. In her last assignment, Ms. Bryan was Senior Vice President of Ryder Capital Services, where she led the development of the firm's capital services business. In 1999 and 2000, Ms. Bryan served as Senior Vice President and Chief Financial Officer of Ryder Transportation Services. Ms. Bryan is also a member of Pentair's Compensation Committee.

William T. Monahan. Mr. Monahan serves as Pentair's Lead Director. In 2006, Mr. Monahan served as a director and the Interim Chief Executive Officer of Novelis, Inc., a global leader in aluminum rolled products and aluminum can recycling. From 1995 to 2004, Mr. Monahan was Chairman of the board of directors and Chief Executive Officer of Imation Corp., a manufacturer of magnetic and optical data storage media. He was involved in worldwide marketing with Imation and prior to that 3M Company. Mr. Monahan is also a director of The Mosaic Company and was formerly a director of Hutchinson Technology, Inc. from 2000 to 2013, Solutia Inc. from 2008 to 2012 and Novelis, Inc. from 2005 to 2007. Mr. Monahan is also a member of Pentair's Governance and Compensation Committees.

Carol Anthony (John) Davidson. From 2004 until 2012 Mr. Davidson was Senior Vice President, Controller and Chief Accounting Officer of Tyco International Ltd., a provider of diversified industrial products and services. Between 1997 to 2004, Mr. Davidson held a variety of leadership roles at Dell Inc., a computer and technology services company, including the positions of Vice President, Audit Risk and Compliance, and Vice President, Corporate Controller. From 1981 to 1997, Mr. Davidson held a variety of accounting and financial leadership roles at Eastman Kodak Company, a provider of imaging technology products and services. Since 2010, Mr. Davidson has also been a director of Davita HealthCare Partners Inc., a provider of kidney dialysis services. Mr. Davidson is a member of the Board of Trustees of the Financial Accounting Foundation which oversees financial accounting and reporting standards setting processes for the United States, including oversight of the Financial Accounting Standards Board (FASB). Mr. Davidson also serves on the Board of Governors of the Financial Industry Regulatory Authority.

Executive Leadership

Randall J. Hogan, Chairman and Chief Executive Officer. Randall J. Hogan was named Pentair’s chief executive officer in 2001 and was appointed chairman in 2002. He first joined Pentair in 1998 as executive vice president and president of the Enclosures Group (now known as Pentair Technical Solutions).

Prior to Pentair, Hogan was president of United Technologies’ Carrier Transicold Division. He also held leadership roles at the Pratt & Whitney division of United Technologies, General Electric and McKinsey & Company.

Hogan is chair of the board of directors for the Federal Reserve Bank of Minneapolis, a member of the board of Covidien plc, and on the Board of Trustees of American Public Media Group & Minnesota Public Radio. He is also a member of the Minnesota Business Partnership Executive Committee.

Hogan holds an MBA from the University of Texas at Austin and a Bachelor of Science degree in Civil Engineering from the Massachusetts Institute of Technology.

John L. Stauch, Executive Vice President and Chief Financial Officer. John L. Stauch joined Pentair as chief financial officer in 2007. Prior to joining Pentair, he served as chief financial officer of the automation and control systems unit of Honeywell International Inc.

Previously, he held a series of executive, investor relations and managerial finance roles with Honeywell International Inc. and its predecessor Allied Signal Inc. He also served as chief financial officer and IT director of PerkinElmer Optoelectronics.

Stauch holds a Bachelor of Arts degree in Finance from Michigan State University.

Frederick S. Koury, Senior Vice President, Human Resources. Frederick S. Koury joined Pentair in 2003 as senior vice president, human resources. Prior to joining Pentair he was vice president of human resources for Limited Brands. He held a range of human resource leadership roles during a 15 year career with PepsiCo Inc., and began his business career with The Chase Manhattan bank in New York.

Koury received a Bachelor of Science degree in industrial and labor relations from Cornell University in Ithaca, N.Y. He is a member of the HR Policy Association and the Human Resources Executive Council of the Carlson School of Management at the University of Minnesota.

Angela D. Lageson, Senior Vice President, General Counsel and Secretary. Angela D. Lageson was named Pentair's senior vice president, general counsel and secretary in 2010. She previously served as Pentair's assistant general counsel from 2002 to 2010.

Prior to joining Pentair, Lageson was a shareholder and officer at Henson & Efron, P.A. She began her career as an associate attorney at Felhaber Larson Fenlon & Vogt, P.A.

Lageson graduated cum laude from the University of Minnesota Law School and summa cum laude from Concordia College where she earned Bachelor of Arts degrees in English and German.

Todd R. Gleason, Senior Vice President of Growth. Todd R. Gleason was named senior vice president of growth in 2013 and is responsible for leading key growth functions and initiatives in strategy, marketing, technology and fast growth markets. Additionally, he oversees communications and the Pentair Foundation. Most recently Gleason was President, Integration and Standardization, responsible for leading the integration of Pentair and Tyco's Flow Control business. Gleason joined Pentair in 2007 as vice president of investor relations and business analysis and planning.

Prior to Pentair, Gleason was director of investor relations for American Standard (currently Ingersoll Rand). Earlier, he held a series of business leadership roles at Honeywell International Inc. and its predecessor AlliedSignal.

Gleason received a Master's degree in Management from Carnegie Mellon University and a Bachelor's degree from Wesleyan University.

Other Leadership

Mark C. Borin, Corporate Controller and Chief Accounting Officer. Mark C. Borin joined Pentair as corporate controller and chief accounting officer in 2008. Prior to Pentair he served as audit partner with KPMG and was a member of the firm for 19 years. At KPMG, Borin's list of clients included large, multi-national companies in the automotive, energy, real estate and transportation industries.

Borin holds a Bachelor of Arts degree in Accounting and Economics from the University of Michigan. He is a Certified Public Accountant.

Michael G. Meyer, Vice President, Treasurer. Michael G. Meyer was named vice president, treasurer in 2002 after joining Pentair in 1994 as assistant treasurer.

Prior to Pentair, Meyer held a series of finance and accounting positions with Federal-Hoffman, Inc., which was purchased by Pentair in 1988. Previously, he worked with Ernst and Young in various accounting positions, including audit manager.

Meyer holds a Bachelor's degree in Accounting from St. Cloud State University and is a Certified Public Accountant.

BUSINESS UNIT LEADERSHIP

Karl R. Frykman, President, Aquatic Systems. Karl R. Frykman is president of Pentair's Aquatic Systems global business unit, which he has led since 2007. Prior to this role, he led the division's National Pool Tile group.

Prior to joining Pentair, Frykman served as vice president of operations for American Products, vice president of research and development and manufacturing for Anthony Pools, and vice president of Poolsaver.

Frykman holds an MBA from Harvard University and a Bachelor of Arts in Economics from Stanford University.

Netha N. Johnson, President, Filtration & Process. Netha N. Johnson is president of Pentair's Filtration & Process global business unit. He most recently was president of Pentair's Process Technologies business. Prior to joining Pentair in 2010, Johnson was the president and general manager of Dyneon, a wholly owned subsidiary of 3M. While at 3M, he held positions in lean, Six Sigma, marketing and business management.

Before joining 3M, Johnson worked at Asia Pacific Operations for Brooks Automation, Inc. During his career at Brooks, he held leadership roles in Singapore, Malaysia, Taiwan, Japan and Germany. Prior to starting his business career, Johnson served as a special operations officer in the U.S. Navy.

Johnson holds an MBA from Duke University and a Bachelor of Science degree in Aerospace Engineering from the University of Southern California.

Alok Maskara, President, Technical Solutions. Alok Maskara is president of Pentair's Technical Solutions global business unit. He most recently was president of Pentair’s Thermal Management business and prior to that he led the company’s Water Purification business unit.

Maskara first joined Pentair in 2008 to lead the company’s Residential Filtration business, a joint venture with General Electric Water.

Prior to joining Pentair, Maskara was general manager of the Residential and Commercial water business at General Electric Corporation. Earlier, he held leadership roles at McKinsey & Company and co-founded NanoPore, a company focused on commercialization of advanced porous materials.

Maskara holds an MBA from the Kellogg Graduate School of Management; a Master of Science degree from the University of New Mexico and a Bachelor's degree in Technology from the Indian Institute of Technology, Mumbai, India.

Phillip Pejovich, President, Flow Technologies. Phillip Pejovich is president of Pentair's Flow Technologies global business unit. He most recently was president of Pentair’s Equipment Protection business.

Before joining Pentair in 2010, Pejovich served as vice president of Business Strategy for Whirlpool Corporation among other leadership roles. Prior to that, he served in numerous business leadership roles including vice president and general manager for Whirlpool North American Refrigeration and president of Whirlpool Greater China. Prior to his ten years with Whirlpool, Pejovich held multiple leadership roles at TRW, Inc., E-Systems and Electrospace, Divisions of Raytheon Company.

He holds a doctorate in Electrical Engineering from Southern Methodist University, a Master of Science degree from the University of Texas, Arlington and a Bachelor of Science degree from Texas A&M.

Christopher Stevens, President, Valves & Controls. Christopher Stevens is president of Pentair’s Valves & Controls global business unit. He most recently was Valves & Controls Vice President of Marketing and Product Management. Prior to joining Pentair in 2012 with the merger of Tyco Flow Control, he was the General Manager of Global Mining for Tyco International’s Flow Control business.

Before joining Tyco International in 2005, Stevens was Vice President of Worldwide Strategic Sourcing at Fisher Scientific International and prior to that assignment had leadership roles at McKinsey & Company and Westinghouse Electric.

Stevens holds a Bachelor’s degree in Mechanical Engineering from Ohio State University, a Master of Engineering degree from North Carolina State University and an MBA from Tuck School of Business, Dartmouth College.