Donaldson Company, Inc. (NYSE:DCI) today announced that it has appointed
Andrew Cecere to its Board of Directors, effective September 27th.
The addition of Cecere brings the Donaldson Board to 11 members.
Cecere, 53, is Vice Chairman and Chief Financial Officer of Minneapolis,
Minnesota-based U.S. Bancorp (NYSE:USB), a position he has held since
2007. Previously, he served as Vice Chairman, Wealth Management and
Securities Services of U.S. Bancorp. Prior to the merger of Firstar
Corporation and U.S. Bancorp in February 2001, Cecere served as an
executive officer of the former U.S. Bancorp, including Chief Financial
Officer from May 2000 through February 2001. U.S. Bancorp, with $353
billion in assets as of June 30, 2013, is the parent company of U.S.
Bank National Association, the fifth largest commercial bank in the
United States.
"Andy has a great track record of managing large multi-division banking
businesses," said Bill Cook, Donaldson's CEO. "Andy's extensive banking
expertise and financial acumen will provide us with valuable counsel and
perspective to help us achieve our Strategic Growth Plans. We are very
excited to have him join our Board."
Cecere earned a Bachelor of Arts in Business Administration and Finance
at the University of St. Thomas in St. Paul, Minnesota, and a Master of
Business Administration from the University of Minnesota's Carlson
School of Management.
About Donaldson Company, Inc.
Donaldson is a leading worldwide provider of filtration systems that
improve people's lives, enhance our Customers' equipment performance,
and protect our environment. We are a technology-driven Company
committed to satisfying our Customers' needs for filtration solutions
through innovative research and development, application expertise, and
global presence. Our approximately 12,500 employees contribute to the
Company's success by supporting our Customers at our more than 140
sales, manufacturing, and distribution locations around the world.
Donaldson is a member of the S&P MidCap 400 and Russell 1000 indices,
and our shares trade on the NYSE under the symbol DCI. Additional
information is available at www.donaldson.com.
Donaldson Company, Inc.
Rich Sheffer, 952-887-3753
Jul 29, 2013