Parker Hannifin CFO Jon Marten To Retire

(RTTNews) - Parker Hannifin Corp. (PH) said that Jon Marten, Executive Vice President - Finance and Administration and Chief Financial Officer, will retire after 30 years of dedicated service to the company.

The Board of Directors has elected Catherine A. Suever, currently Vice President and Controller and acting Chief Financial Officer, to succeed Mr. Marten as Executive Vice President - Finance and Administration and Chief Financial Officer, effective immediately.

Suever joined Parker in 1987 as the Assistant Manager of External Reporting and subsequently was promoted to Manager of External Reporting. She moved into operations as Division Controller of the Gas Turbine Fuel Systems Division and also served as a Business Unit Manager for the division. In 2006, she became Director, Finance and Investor Relations Support for the corporation and was promoted to Assistant Treasurer in 2007. In 2008, she was named Vice President and Controller for the Climate & Industrial Controls Group. She became Vice President and Corporate Controller in 2010. Ms. Suever is a Certified Public Accountant. She serves on the Board of Trustees and the Community Engagement Committee for the National Multiple Sclerosis Society Ohio Buckeye Chapter.