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    Jennifer A. Parmentier

    Chairman of the Board and Chief Executive Officer at Parker-Hannifin Corp
    Board
    Since January 1, 2023
    Age
    57 years
    Tenure
    Joined PH in 2008, serving in roles from General Manager of the Sporlan and Hose Products Divisions to Vice President roles, Chief Operating Officer, and ultimately progressing to Chief Executive Officer since January 2023 and Chairman of the Board since January 2024.

    Also at Parker-Hannifin Corp

    ADR
    Andrew D. Ross
    President and Chief Operating Officer
    ARI
    Angela R. Ives
    Vice President and Controller
    BB
    Berend Bracht
    Vice President and President of the Motion Systems Group

    About

    Jennifer A. Parmentier is a dynamic leader with an extensive career at Parker-Hannifin, demonstrating a steady progression of responsibilities and achievements. She began her journey with the company in 2008 and advanced through several pivotal roles that have shaped the organization’s growth and operational excellence.

    Her career at PH includes leadership positions such as General Manager of the Sporlan and Hose Products Divisions, Vice President and President of both the Engineered Materials and Motion Systems Groups, and Chief Operating Officer from August 2021 to December 2022. This rigorous track record paved the way for her appointments as Chief Executive Officer on January 1, 2023, and later as Chairman of the Board in January 2024.

    Although details regarding her educational background remain undisclosed, her professional accomplishments and strategic vision highlight her significant impact on the company. Her leadership in steering initiatives related to operational excellence, profitable growth, and risk management further cements her role as an influential force in the industry.

    $PH Performance Under Jennifer A. Parmentier

    Past Roles

    Organization Role Date Range
    Parker-Hannifin CorporationChief Operating OfficerAugust 2021 - December 2022
    Parker-Hannifin CorporationVice President and President of the Motion Systems GroupFebruary 2019 - August 2021
    Parker-Hannifin CorporationVice President and President of the Engineered Materials GroupSeptember 2015 - February 2019
    Parker-Hannifin CorporationGeneral Manager, Hose Products DivisionMay 2014 - September 2015
    Parker-Hannifin CorporationGeneral Manager, Sporlan DivisionMay 2012 - May 2014

    External Roles

    Organization Role Date Range
    Nordson CorporationDirectorSince 2020

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary (Actual)$1,383,333 7/1/2023 – 6/30/2024 Approved Base Salary effective 9/1/2023: $1,400,000
    Company Contributions to Defined Contribution Plans$739,276 As per designated plan Breakdown: Retirement Savings Plan: $30,058 , Deferred Compensation Plan: $183,976 , Supplemental Exec Retirement: $525,241
    Life Insurance Premiums Paid$35,118 Annually Life Insurance Premiums paid by the Company
    Perquisites$201,435 As incurred Includes corporate aircraft personal use: $157,553 plus additional benefits (executive long-term disability, leased vehicle, spousal travel, etc.)

    Performance Compensation

    Data from  FY 2024

    Officer ACIP Award

    MetricWeightThreshold (50% payout)Target (100% payout)Maximum (200% payout)Additional Details
    Segment Operating Income40%50%100%200%N/A
    Sales Revenue20%50%100%200%N/A
    Cash Flow Margin40%50%100%200%N/A

    Target ACIP Award Amount: $2,282,500
    Actual ACIP Award Amount Paid: $3,961,507
    Payment Schedule: Award paid as an annual cash incentive in one or more installments with final payment in August 2024

    LTIP Award (CY24-25-26)

    MetricWeightThresholdTargetMaximumAdditional Details
    Revenue Growth40%50% of target (25th percentile)100% of target (50th percentile)200% of target (75th percentile or higher)N/A
    EPS Growth40%50% payout100% payout200% payoutN/A
    Average ROIC20%50% payout100% payout200% payoutN/A

    Grant Date: January 24, 2024
    Grant Date Fair Value: $5,959,762
    Grant Date Stock Price: $448.65
    Target LTIP Award Shares: 12,820 shares
    Vesting Schedule: Three-year performance period (2024-2026) with payouts in April 2027
    Maximum Payout: 25,640 shares if 200% target achieved
    Conditions: Must achieve at least one of the following during the performance period: 4% average return on average equity or 4% average free cash flow margin

    Stock Incentives

    Grant Date: August 16, 2023
    Number of Shares Granted: 42,600
    Grant Date Fair Value: $6,460,290
    Grant Date Stock Price: $406.32
    Vesting Schedule: Three equal annual installments beginning on August 16, 2024
    Additional Conditions: Granted under the 2016 Equity Plan based on a Black-Scholes valuation model