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Gardner Denver Inc. Message Board

  • lean_mfg_mgr lean_mfg_mgr Jul 16, 2012 1:23 PM Flag

    CEO a Bully

    RW Baird analyst Michael Halloran said the resignation would hurt investor confidence in the stock.

    Pennypacker "was the orchestrator of Gardner-Denver's transformation from a low-margin, average-growth industrial company to a higher-margin, higher-growth leading industrial company," Halloran wrote in a note to clients.

    "That said, his aggressive style appeared to create conflicts between the board and some of the executive team, and management turnover has been high under his leadership," he wrote.

    A Gardner Denver spokesman reached by Reuters declined to comment on the reason for the CEO's resignation.


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