FOR IMMEDIATE RELEASE

Kinetico Incorporated Announces Leadership Changes

 

Newbury, OH (April 24, 2012) Kinetico Incorporated, a leading manufacturer of residential and commercial water treatment systems, announces the appointment of Toby Thomas as President and Chief Executive Officer. Thomas, who joined Kinetico in 2009 as its Chief Marketing Officer, replaces Shamus M. Hurley. Hurley is stepping down from his present responsibilities at Kinetico to become the President & Chief Executive Officer of Parkson Corporation, a leading provider of engineered components and systems for the industrial and municipal water and wastewater treatment markets. Both Kinetico and Parkson are members of Axel Johnson Inc.'s AxWater Group which was formed in 2006 to pursue the Johnson Family's commitment to bringing clean, safe water to individuals and communities worldwide.

In conjunction with this transition, Kinetico announces the following.

Bernhard Scholten has been named Executive Vice President of Kinetico Incorporated. Scholten joined Kinetico three years ago as Vice President and General Manager, Europe. He will focus on global customers, the expansion of our international business, and the development of the product and operating platforms to support them.

David Long, Senior Vice President and Chief Financial Officer, will continue to oversee Kinetico's financial operations, and will also lead Kinetico's Commercial and Wholesale business globally, along with Kinetico's Business Development activity.

John McLoughlin, Vice President Operations, will oversee Kinetico's Operations, IT, Customer Support, and Project Management functions globally as Kinetico develops an increasing number of global customers and channels in new markets outside of North America.

Jerome Kovach, Vice President Research and Development, will oversee global research and development and product management functions enabling Kinetico to develop the next generation of innovative and high-impact products for multiple channels and markets.

Gary Martin, Vice President North American Residential, will oversee the U.S. and Canadian dealer sales activity and lead Kinetico's corporate dealer business in Newbury, Ohio, Columbus, Ohio and Indianapolis, Indiana.

Chris Montana, Vice President Human Resources, will oversee the global Human Asset function.

Michael D. Milligan, President & Chief Executive Officer of Axel Johnson Inc. announced the transition in roles today, noting that “Kinetico continues to realize tremendous success in growing its relative share of the residential and commercial water treatment market. By continuing to invest in its partnership with its professional water treatment dealers, its mix of innovative, best-in-class products and services for the residential and commercial markets, and the development of new products and channels serving the wholesale and retail markets, Kinetico is realizing double-digit growth at a time when other industry participants are systematically cutting back their investments in the sector. We are pleased that the depth and collective capability of our team at Kinetico affords us the opportunity to transfer a talent like Shamus to another of our industry-leading family companies to accelerate the growth we believe is achievable there as well. We are confident that Toby and the rest of Kinetico’s management team will continue to drive the future success of Kinetico.”

Regarding the transition, Hurley comments, “I am very proud of what we have been able to accomplish at Kinetico and am confident in its current and future trajectory. Parkson has great potential for growth in the waste water and water treatment industries, and I am excited to join the company at this stage of its development.”

Describing Kinetico’s future plans, Thomas states, “The changing dynamics and fundamentals of the water market create attractive opportunities for Kinetico. We look forward to continuing the programs and initiatives we are currently pursuing, and by having our teams continue to work closely with our dealers, customers and partners, we will create even more valuable products and services for the water treatment market and drive growth,” he adds.

About Kinetico
Founded in 1970, Kinetico is a global manufacturer of water treatment systems for the residential, commercial and OEM markets. Recognized for their reliable, economical and sustainable approach to water treatment, Kinetico products are used and recommended by millions of people all over the world. In addition to their headquarters in Newbury, Ohio, U.S.A., Kinetico has offices and facilities in the United Kingdom, Canada, France and Denmark. Further information is available at www.kinetico.com.

About Parkson:
Parkson Corporation provides engineered components and systems for municipal and industrial water and wastewater treatment, with more than 25,000 installations worldwide.  In total, Parkson equipment treats over 7 trillion gallons of water per year.  Headquartered in Fort Lauderdale, Florida, with offices in Chicago, Montreal, Dubai and Pune, India, Parkson Corporation has been part of the Axel Johnson family since 1967.  For more information, please visit www.parkson.com.        

 

Media Contacts:
Karen Puzder
Kinetico Incorporated
Karen_Puzder@kinetico.com



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