Donaldson Company said Wednesday it has named CEO Tod E. Carpenter as chairman of its board of directors, succeeding non-executive chairman Jeffrey Noddle, who will not stand for reelection at the 2017 annual meeting in November–at which time the moves will become effective.Carpenter was appointed to Donaldson’s board in April 2014, and has been the company’s president and CEO since April 2015. Carpenter joined Donaldson in 1996 and has held a variety of leadership roles with increasing responsibility during his 21 years with the company.
Noddle was appointed as lead independent director of Donaldson’s board in January 2015 before becoming non-executive chairman in April 2016. Noddle joined Donaldson’s board in 2000. In addition to the move at the top, current director Willard D. Oberton has been named to serve as lead independent director. Oberton currently serves as chairman of the board of Fastenal Company (FAST). He was appointed to Donaldson’s board in July 2006, and is the chairperson for