Cleveland, OH-based motion control technologies supplier Parker Hannifin made a trio of announcements last week, including two changes in vice president leadership and the opening of a new 3D printing facility.
Vice President — eBusiness, IoT and Services
Parker announced Friday that Robert Bond, Vice President — eBusiness, IoT and Services, will retire after 40 years of service to the company. The board of directors has elected Michael Chung, currently Vice President and President — Automation Group, to succeed Bond effective Aug. 1.
“Bob’s retirement marks the end of a truly outstanding career at Parker. For a decade, he led the Fluid Connectors Group through a period of rapid global expansion and record-setting financial performance. More recently, Bob has accelerated Parker’s digital transformation to position the company for the future,” said Tom Williams, Chairman and Chief Executive Officer. “I want to thank Bob for his transformational leadership and for the lasting impact his contributions have left on Parker and those around him. We wish Bob and his wife Sharon the very best in retirement.” Bond will be assisting Michael Chung during the transition.
Bond began his Parker career in Canada in 1977, working in various positions in materials and operations management. He was named General Manager of Quick Coupling Division in 1992, and subsequently became Vice President of Operations for the Fluid Connectors Group, and in 2000 President of the Automation Group. Bond became Vice President and President — Fluid Connectors Group in 2005, and Vice President — eBusiness, IoT and Services in 2015.
Chung joined Parker as an Electromechanical Field Applications Engineer in 1986 within the Automation Group. He advanced through positions of increasing responsibility within the group, including sales manager and general manager. In 2003, Chung broadened his experience, serving as Country Managing Director for Parker’s operations in Korea. He became the Vice President of Operations for the Hydraulics Group in 2005, and became Vice President and President — Asia Pacific Group in 2008. Chung most recently served as Vice President and President — Automation Group, a position he has held since 2012.
Vice President and Controller
Parker announced June 14 that its board of directors has elected Todd Leombruno as Vice President and Controller, effective July 1. Leombruno succeeds Catherine Suever in this role, who was recently elected to Executive Vice President — Finance and Administration and Chief Financial Officer.
“We are very pleased to welcome Todd to Parker’s senior financial leadership team,” said Suever. “His wealth of financial experience and leadership has prepared him well for this new role, and I am confident he will contribute significantly to helping the company achieve its near and long-term goals.”
Leombruno began his career with Parker in 1993 through the Accounting Trainee program. He progressed through several accounting and financial roles with the Hydraulic Valve Division, and in 2000 was promoted to Division Controller for the Hydraulic Cartridge Systems Division. Leombruno became Director of Lean Financial Systems for the corporation in 2006, and Director of Investor Relations in 2012. He most recently served as Group Vice President and Controller for the Engineered Materials Group, a position he has held since 2015.
New Additive Manufacturing Facility
Parker has opened a new state-of-the-art advanced manufacturing learning and development center, located at Parker’s Corporate Technology Ventures facility in Macedonia, OH. The facility will serve as a center of excellence where Parker engineers can explore new applications of emerging technologies such as additive manufacturing and collaborative robotics.
The investment in cutting-edge additive manufacturing equipment is driven by the tremendous long-term value of these technologies. By creating a single facility near its global headquarters in Northeast Ohio, Parker is providing its operating groups and divisions around the world with access to the newest printers, software and materials available.
“Material printing technology is moving quickly towards commercial viability,” said Craig Maxwell, Vice President — Chief Technology and Innovation Officer. “The new facility and engineering talent located here represent an investment in the future of manufacturing.”
By utilizing central resources, Parker will leverage its investment and allow Parker engineers globally to better solve our customers’ challenges. With the ability to create multiple configurations of a single component without developing additional molds or customized tooling, additive manufacturing has emerged as a quick and inexpensive prototyping solution. This translates into speed in addressing the unique challenges of customers, providing engineers with the ability to create custom products and systems faster than ever before.