Parker Announces Retirement of Filtration Group President Rob Malone, Elects Matt Jacobson as Successor

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) announced that Robert W. Malone, Vice President and President of Filtration Group, will retire on August 31, 2025, after 12 years with the company. Matthew A. Jacobson, currently VP of Operations for Motion Systems Group, will succeed Malone effective July 1, 2025.

Under Malone's leadership since 2014, Parker's Filtration Group experienced significant growth and successfully integrated CLARCOR, Parker's largest acquisition at the time in 2017, which doubled the group's size. Jacobson brings 20 years of operational experience at Parker, having served in various leadership roles since joining in 2005.

Positive

• Smooth leadership transition with overlap period from July 1 to August 31, 2025
• Incoming president Jacobson brings 20 years of operational experience within Parker
• Filtration Group achieved significant growth under Malone's leadership
• Successful integration of CLARCOR acquisition, which doubled the group's size

Negative

• None.

CLEVELAND, May 08, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that Robert W. Malone, Vice President and President – Filtration Group, will retire on August 31, 2025, after 12 years of dedicated service to the company.

Parker’s Board of Directors has elected Matthew A. Jacobson, currently Vice President of Operations – Motion Systems Group, to succeed Mr. Malone as Vice President and President – Filtration Group, effective July 1, 2025.

Mr. Malone was elected as Vice President and President – Filtration Group in 2014. He joined Parker in 2013 as Vice President of Operations for the Filtration Group. Previously, he spent 15 years in the filtration industry in various leadership roles. He led Parker’s Filtration Group through a period of significant growth and transformation and was a strong advocate for The Win Strategy™ to optimize the performance of the Group. He also led the successful integration of CLARCOR, which was acquired in 2017, and at the time was Parker’s largest acquisition, doubling the size of the Filtration Group. Mr. Malone will continue to serve as a Parker Vice President from July 1, 2025 through his retirement date, to ensure a smooth transition of responsibilities.

“My thanks to Rob for his significant contributions to Parker’s success over many years and congratulations on his distinguished career,” said Jenny Parmentier, Chairman of the Board and Chief Executive Officer. “Rob has firmly established Parker as a global leader in this important growth market. Our robust succession planning process allows us to identify and develop outstanding leaders like Matt to seamlessly step into higher leadership roles and ensure the group’s continued success. Matt’s many years of experience as an operational leader within Parker will allow him to build on the strong foundation Rob has put in place.”

Mr. Jacobson has a long track record of successful operational leadership over his two decades at Parker. He joined the company in 2005 as Manufacturing Engineer for the Integrated Hydraulics Division. In 2007, he became Operations Manager and in 2008 Division Supply Chain Manager for the Hydraulic Cartridge Systems Division. He continued to progress through operational leadership roles as business unit manager and general manager across three different divisions within the Motion Systems Group. In 2020, he was named Group Vice President of Supply Chain for Motion Systems Group, and in 2021, was named to his current role as Vice President of Operations – Motion Systems Group.

Mr. Jacobson holds a Bachelor of Science degree in Industrial Engineering from Purdue University. He also has a Master of Business Administration from DePaul University.

About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.

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Media –
Aidan Gormley - Director, Global Communications and Branding
216/896-3258
aidan.gormley@parker.com

Financial Analysts –
Jeff Miller - Vice President, Investor Relations
216/896-2708
jeffrey.miller@parker.com

FAQ

Who is replacing Rob Malone as President of Parker Hannifin's Filtration Group?

Matthew A. Jacobson, currently Vice President of Operations for Motion Systems Group, will succeed Rob Malone as Vice President and President of Filtration Group effective July 1, 2025.

When will Rob Malone retire from Parker Hannifin (NYSE: PH)?

Rob Malone will retire from Parker Hannifin on August 31, 2025, after 12 years of service with the company.

What are Matthew Jacobson's qualifications for the Parker Hannifin Filtration Group President role?

Jacobson has 20 years of operational leadership experience at Parker since 2005, holds a BS in Industrial Engineering from Purdue University, and an MBA from DePaul University.

What were Rob Malone's major achievements as Parker Hannifin's Filtration Group President?

Malone led the Filtration Group through significant growth, implemented The Win Strategy™, and successfully integrated CLARCOR, Parker's largest acquisition at the time, which doubled the group's size.