Jennifer A. Parmentier
NORDSONAbout Jennifer A. Parmentier
Independent director at Nordson Corporation since 2020; age 57; Chair of the Board and Chief Executive Officer of Parker-Hannifin Corp. since January 2023, previously COO (Aug 2021–Jan 2023), VP/President Motion Systems (Feb 2019–Aug 2021), VP/President Engineered Materials (Sept 2015–Feb 2019), and GM Hose Products since joining Parker in 2008. Committees at NDSN: Executive; Compensation; Governance and Sustainability (Chair). Brings extensive international operating experience, financial planning, M&A, employee engagement, and governance expertise to NDSN’s board.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| Parker-Hannifin Corp. | Chair & CEO | Jan 2023–present | Leads global motion control manufacturer; broad cross-industry exposure (mobile, industrial, aerospace). |
| Parker-Hannifin Corp. | Chief Operating Officer | Aug 2021–Jan 2023 | Enterprise operations leadership. |
| Parker-Hannifin Corp. | VP & President, Motion Systems Group | Feb 2019–Aug 2021 | Group P&L oversight, strategy execution. |
| Parker-Hannifin Corp. | VP & President, Engineered Materials Group | Sept 2015–Feb 2019 | Portfolio management, performance improvement. |
| Parker-Hannifin Corp. | General Manager, Hose Products Division | Since 2008 | Division leadership within Fluid Connectors. |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Parker-Hannifin Corp. (NYSE: PH) | Director; Chair & CEO | Current | Only other public-company board, consistent with NDSN guideline for public-company executives (max one other board). |
Board Governance
- Committee assignments: Compensation Committee member (5 meetings in FY2024); Governance & Sustainability Committee Chair (4 meetings in FY2024); also on Executive Committee. All committee members and chairs are independent.
- Independence: Board determined all directors except CEO are independent under Nasdaq and NDSN guidelines; Parmentier is independent.
- Attendance and engagement: Board held 7 meetings; committees held 17 in FY2024; no director attended fewer than 75% of meetings; all directors attended the 2024 Annual Meeting.
- Board leadership: Independent Chair (Victor Richey) since March 2024; independent directors hold regular executive sessions without management.
- Related-party review: NDSN buys from and sells to Parker-Hannifin; amounts <1% of each entity’s annual revenues for each of the last three years; transactions reviewed under Related Person policy, determined immaterial and at arm’s length; Parmentier remains independent.
Fixed Compensation
| Component (FY2024) | Amount ($) |
|---|---|
| Fees Earned or Paid in Cash | 105,144 |
| Stock Awards (RSUs, grant date fair value) | 158,428 |
| All Other Compensation (insurance) | 63 |
| Total | 263,636 |
- Program features: No separate meeting fees; annual cash retainers paid quarterly; annual RSUs granted on first business day of fiscal year, vest 100% on last day of fiscal year; directors may defer retainers and RSUs under the deferred compensation program.
- Supplemental chair retainers: Governance & Sustainability Committee Chair $15,000; Audit Chair $20,000; Compensation Chair $15,000; Board Chair $100,000.
Performance Compensation
- Directors do not have performance-conditioned pay; annual RSUs are time-based and vest at fiscal year-end (deferrable at election).
- As a member of the Compensation Committee, Parmentier oversees NEO performance metrics and payouts. 2024 corporate metrics achieved: Organic Revenue 69% of target; Base Business Operating Profit 99% of target; segment metrics varied (e.g., IPS operating profit 101%).
| 2024 NEO Annual Incentive Metrics (Corporate) | Achievement vs. Target |
|---|---|
| Organic Revenue (40% weight) | 69% |
| Base Business Operating Profit (60% weight) | 99% |
Other Directorships & Interlocks
| Entity | Relationship | Transaction Description | Materiality |
|---|---|---|---|
| Parker-Hannifin Corp. | Parmentier is Director; CEO & Chair | NDSN sells to and purchases from Parker-Hannifin | Less than 1% of each party’s annual revenues over the last 3 years; immaterial and at arm’s length. |
Expertise & Qualifications
- International industrial operations leadership; broad market exposure (mobile/industrial/aerospace).
- Financial planning/performance, M&A execution, corporate governance, employee engagement, and management of corporate initiatives.
Equity Ownership
| Item | Value |
|---|---|
| Beneficially owned NDSN shares (as of Jan 3, 2025) | 2,723; <1% of outstanding (57,087,783 shares outstanding). |
| Ownership guidelines | Minimum 5× annual cash retainer; counts RSUs/SEUs; newly elected directors have five years to comply. |
| Compliance status | All non-employee directors meet guidelines except Mapes, Morris, Clayton (recent appointees); Parmentier meets guidelines. |
| Pledging/hedging | Prohibited for directors. |
| RSU outstanding at FY2024 year-end | None; annual RSUs vest at year-end. |
Insider Trades (Form 4)
| Filing Date | Transaction Date | Type | Shares Granted | Post-Transaction Ownership | Price ($/share) | Link |
|---|---|---|---|---|---|---|
| 2025-11-03 | 2025-11-01 | A (Award/Grant) | 822 | 4,304 | 231.95 | https://www.sec.gov/Archives/edgar/data/72331/000007233125000126/0000072331-25-000126-index.htm |
| 2024-11-04 | 2024-11-01 | A (Award/Grant) | 747 | 3,470 | 249.03 | https://www.sec.gov/Archives/edgar/data/72331/000007233124000124/0000072331-24-000124-index.htm |
These Form 4 filings reflect annual director equity awards effective the first business day of the fiscal year, consistent with NDSN’s program.
Governance Assessment
- Strengths: Independent director with deep industrial operations and governance expertise; chairs Governance & Sustainability and serves on Compensation, supporting robust board process (self-assessments, ESG oversight, director orientation) and pay-for-performance alignment with independent consultant Exequity.
- Independence and conflicts: Board annually reviews related-party transactions; Parker-Hannifin dealings are immaterial (<1% revenues) and at arm’s length; Parmentier affirmed independent.
- Engagement signals: No attendance shortfalls; all directors attended 2024 Annual Meeting; independent Chair and regular executive sessions enhance oversight.
- Shareholder alignment: Director equity via annual RSUs; stringent ownership guidelines (5× retainer), anti-hedging/pledging; strong say-on-pay support (94.78% in 2024; 95.06% in 2023; 93.99% in 2022).
Appendix: Director Compensation Program Notes
- No meeting fees; cash retainers paid quarterly; RSUs vest 100% at fiscal year-end; directors may defer cash or RSUs; director insurance provided; charitable matching available; indemnity agreements provided.
- Governance & Sustainability Committee oversees director compensation and bi-annual peer benchmarking; assisted by Exequity (independent).
Voting/Board Structure Reference
- Majority voting policy with resignation if not majority-supported; independent Chair; cumulative voting mechanics outlined; board refreshed and diverse (ten directors; 9 independent; 50% gender/racial/ethnic diversity).