East Hills, NY (January 20, 2006) - - Pall Corporation (NYSE:PLL) announced today that its Board of Directors has elected Lisa McDermott, 40, Chief Financial Officer and Treasurer, effective immediately.
"Lisa is a seasoned financial executive who has the proven skills and experience necessary to help take Pall to the next level," said Eric Krasnoff, Pall Chairman and Chief Executive Officer. "She assumes the CFO role from Pall's President, Marcus Wilson, who had previously held both positions."
Ms. McDermott joined Pall in 1999 as Controller and Chief Accountant before being promoted to Vice President Finance and Chief Accounting Officer. Her early career was with KPMG where she became a Senior Audit Manager and directed audits for large international companies including Pall. After leaving KPMG in 1995, she held increasingly responsible positions in publicly-listed companies before joining Pall Corporation.
Ms. McDermott received a B.B.A. in Accounting from Dowling College. She is a Certified Public Accountant and a member of the American Institute of CPAs and the New York State Society of CPAs.
About Pall Corporation Pall Corporation is the global leader in the rapidly growing field of filtration, separations and purification. Pall's business is organized around two broad markets: Life Sciences and Industrial. The Company provides leading-edge products to meet the demanding needs of customers in biotechnology, pharmaceutical, transfusion medicine, semiconductor, water purification, aerospace and broad industrial markets. Total revenues for fiscal 2005 were $1.9 billion. The Company headquarters is in East Hills, New York with extensive operations throughout the world. Visit Pall at http://www.pall.com.