Exhibit 99.1
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FOR IMMEDIATE RELEASE |
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April 13, 2011
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Contact: Michael M. Larsen |
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Vice President and CFO |
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(610) 249-2002 |
GARDNER DENVER, INC. APPOINTS PRESIDENT, INDUSTRIAL PRODUCTS GROUP
WAYNE, PA, April 13, 2011 Gardner Denver, Inc. (NYSE: GDI) today announced the appointment of
Christopher R. Celtruda as Vice President, Gardner Denver, Inc. and President, Industrial Products
Group effective April 26, 2011. Mr. Celtruda will be based in Gardner Denvers global headquarters
in Wayne, PA.
Prior to joining Gardner Denver, Mr. Celtruda was employed by CIRCOR International, Inc. as Group
Vice President for the global Aerospace Products Group. CIRCOR provides valves and other highly
engineered products and subsystems that provide flow management for the aerospace, energy and
industrial markets. Mr. Celtruda was instrumental in promoting growth within the CIRCOR Aerospace
franchise via acquisition and investment in both new product development and operational
excellence.
Prior to joining CIRCOR, Mr. Celtruda spent more than 12 years with Honeywell and the former Allied
Signal in a variety of operational and business leadership roles within the aerospace group. These
roles included Director of the Engine Systems Integrated Supply Chain, General Manager for the
Engine Fuel Control business and additional business leadership roles in Factory Repositioning, New
Product Development and Product Management.
Mr. Celtruda began his career with the General Dynamics Corporation and is a Six Sigma Black Belt.
He holds a Bachelor of Science degree in Mechanical Engineering from the University of Maine and an
M.B.A. from the W.P. Carey School of Business at the Arizona State University.
I am very pleased that Chris has decided to join Gardner Denver, said Barry L. Pennypacker,
Gardner Denvers President and Chief Executive Officer. He brings a breadth of operational
leadership experience that has been accumulated during his career at Honeywell and CIRCOR and
inherits a strong leadership team that has made significant improvements to the Industrial Products
Group over the past three years. The outstanding experience and new perspective that Chris brings,
when combined with the existing leadership at IPG, will continue to drive operational excellence
through the Gardner Denver
Way: accelerating organic growth; expanding our aftermarket revenues; increasing operating margins;
and leading the industry in innovative products.
I am excited about the opportunity to join Gardner Denver and to build upon the strong legacy of
innovation and operational excellence, said Mr. Celtruda. I am looking forward to immersing
myself in the Industrial Products Group value stream and connecting with the global team to build
customer relationships and drive plans for future growth.
Gardner Denver, Inc., with 2010 revenues of approximately $1.9 billion, is a leading worldwide
manufacturer of highly engineered products, including compressors, liquid ring pumps and blowers
for various industrial, medical, environmental, transportation and process applications, pumps used
in the petroleum and industrial market segments and other fluid transfer equipment, such as loading
arms and dry break couplers, serving chemical, petroleum and food industries. Gardner Denvers
news releases are available by visiting the Investors section on the Companys website
(www.GardnerDenver.com).
Cautionary Statement Regarding Forward-Looking Statements
All of the statements in this release, other than historical facts, are forward-looking statements
made in reliance upon the safe harbor of the Private Securities Litigation Reform Act of 1995. As a
general matter, forward-looking statements are those focused upon anticipated events or trends,
expectations, and beliefs relating to matters that are not historical in nature. Such
forward-looking statements are subject to uncertainties and factors relating to the Companys
operations and business environment, all of which are difficult to predict and many of which are
beyond the control of the Company. The actual future performance of the Company could differ
materially from such statements. Risks that could cause results to differ materially from those
matters expressed in or implied by such forward-looking statements are set forth under Risk
Factors in the Companys Form 10-K for the fiscal year ended December 31, 2010. The Company does
not undertake, and hereby disclaims, any duty to update these forward-looking statements, although
its situation and circumstances may change in the future.
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