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WESTLAKE, Ohio -- Nordson Corporation (Nasdaq: NDSN -
News) announced that Peter S. Hellman, president and chief financial and
administrative officer, has announced his intent to retire from the company
and its board of directors in February 2007. Hellman's decision to leave
the company at this time was based on his desire to pursue a variety of
activities, including greater involvement in the many not-for-profit organizations
that he supports. Nordson will begin an immediate search for a new chief
financial officer; Hellman has agreed to stay on until his successor is
named.
Hellman joined Nordson in February 2000 with responsibility
for the overall financial management of the company as well as its corporate
communications, law and intellectual property, supply chain management
and information systems functions. Prior to joining Nordson, Hellman spent
more than 20 years in senior operating and financial management positions,
most recently as president and chief operating officer of TRW Inc.
"Peter has played a critical role in Nordson's worldwide
growth and financial success during the past six years. We've benefited
greatly from his insight and expertise, which have positioned our company
for continued success," said Edward P. Campbell, chairman and chief
executive officer.
"I have the greatest level of respect for Peter.
His leadership, loyalty and friendship will be missed; they have made
an indelible mark on our entire organization," continued Campbell.
In addition to serving on the Nordson board of directors,
Hellman is a member of the board of Baxter International Inc. and QWEST
Communications International Inc. Active in the local Cleveland community,
he also is a trustee of Case Western Reserve University, LifeBanc, the
Lorain County Community College Foundation, Western Reserve Academy and
the Nordson Corporation Foundation.
Nordson Corporation is one of the world's leading producers
of precision dispensing equipment that applies adhesives, sealants and
coatings to a broad range of consumer and industrial products during manufacturing
operations. The company also manufactures technology-based systems for
curing and surface treatment processes. Headquartered in Westlake, Ohio,
Nordson has more than 3,600 employees worldwide, and direct operations
and sales support offices in 30 countries.
Source: Nordson Corporation
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