January 2, 2001
FROM: FOR:
Padilla Speer Beardsley Inc. Donaldson Company, Inc.
224 Franklin Avenue West P.O. Box 1299
Minneapolis, Minnesota 55404 Minneapolis, Minnesota 55440
(NYSE: DCI)
Rich Sheffer
(952) 887-3753
FOR IMMEDIATE RELEASE
DONALDSON COMPANY ANNOUNCES RESIGNATION OF CFO
MINNEAPOLIS, January 2, 2001 -- Donaldson Company, Inc. (NYSE:DCI), announced
today the resignation of Thomas W. VanHimbergen, Senior Vice President and Chief
Financial Officer, effective immediately. VanHimbergen is leaving the Company to
pursue other interests. The Company will begin a search for a new chief
financial officer immediately.
Donaldson Company, Inc., headquartered in Minneapolis, Minnesota, is a
leading worldwide provider of filtration systems and replacement parts. Founded
in 1915, Donaldson is a technology-driven company committed to satisfying
customer needs for filtration solutions through innovative research and
development. Donaldson serves customers in the industrial and engine markets
including dust collection, power generation, specialty filtration, off-road
equipment, trucks, and automotive. Over 8,400 employees contribute to the
company's success at roughly 40 manufacturing locations around the world. In
fiscal year 2000, Donaldson reported record sales of over $1 billion and
achieved its eleventh consecutive year of double-digit earnings growth.
Donaldson is a member of the S&P MidCap 400 Index and Donaldson shares are
traded on the New York Stock Exchange under the symbol DCI.
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