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PENTAIR ANNOUNCES RETIREMENT OF GRUNEWALD

 ST. PAUL, Minn., June 1 /PRNewswire/ -- Pentair, Inc. (NASDAQ-NMS: PNTA), the St. Paul-based manufacturer of industrial products and paper, today announced that John H. Grunewald, executive vice president, chief financial officer, secretary and member of the board of directors, has reached a decision to retire from the company effective today. Grunewald, 56, will serve as a consultant to the company until July 1, 1993.
 "Jack has made valuable contributions to Pentair during his 16 years with the company," said Winslow H. Buxton, chairman and chief executive officer. "He was instrumental in building and maintaining Pentair's financial strength as the company grew from sales of $100 million in 1977 to $1.23 billion in 1992."
 Grunewald joined the company in 1977 as vice president, controller and treasurer. He was promoted to chief financial officer in 1981 and was named executive vice president and a director in 1988.
 Effective today, Joseph R. Collins, senior vice president and Specialty Products Group president, is serving as acting chief financial officer until a successor is named. Collins, previously president of Delta International Machinery Corp., has over 25 years of business experience, 10 of which were in finance positions with Rockwell International. In addition, Roy T. Rueb, vice president and treasurer, will serve as acting corporate secretary.
 Pentair, Inc. is a St. Paul-based company comprised of 10 businesses which manufacture woodworking equipment, power tools, sporting ammunition, electrical enclosures, automotive service equipment, industrial lubrication systems, material dispensing equipment, pumps and paper. Pentair common stock is quoted on the NASDAQ National Market System under the symbol: PNTA.
 -0- 6/1/93
 /CONTACT: Mark Cain of Pentair, Inc., 612-636-7920/
 (PNTA)


CO: Pentair, Inc. ST: Minnesota IN: SU: PER

MA -- MN020 -- 4119 06/01/93 16:34 EDT
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Publication:PR Newswire
Date:Jun 1, 1993
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