People: Applied Industrial Technologies Inc (AIT.N)

AIT.N on New York Stock Exchange

30 Oct 2020
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Wallace, Peter 

Mr. Peter C. Wallace is an Independent Chairman of the Board of Applied Industrial Technologies, Inc. Mr. Wallace most recently was Chief Executive Officer of Gardner Denver, Inc. (NYSE: GDI) from 2014 until retiring in December 2015. Gardner Denver is a worldwide manufacturer of highly engineered products, including compressors, liquid ring pumps, and blowers for various industrial, medical, environmental, transportation, and process applications, pumps used in the petroleum and industrial market segments, and other fluid transfer equipment. Prior to joining Gardner Denver, Mr. Wallace was President and Chief Executive Officer, and a director, of Robbins & Myers, Inc. (formerly NYSE: RBN), from 2004 until it was acquired in 2013 by National Oilwell Varco, Inc. Robbins & Myers was a leading designer, manufacturer, and marketer of highly engineered, application-critical equipment and systems for energy, chemical, pharmaceutical, and industrial markets worldwide. Mr. Wallace has a wide and varied background as a senior executive in global industrial equipment manufacturing. He brings to the Board the perspective of someone familiar with all facets of worldwide business operations, including the experience of leading a NYSE-listed company. Mr. Wallace’s career includes positions with global responsibilities for equipment manufacturers with product lines that Applied (and others) represented as a distributor in the fluid power and power transmission component fields. In those roles, he developed significant knowledge about Applied’s industry, including the dynamics of the relationships between industrial product manufacturers and their distributors. These experiences and knowledge, along with his service on other NYSE-listed company boards, enhance Mr. Wallace’s contributions and value to our Board.

Basic Compensation

Total Annual Compensation, USD 150,000
Restricted Stock Award, USD 115,744
Long-Term Incentive Plans, USD --
All Other, USD 14,282
Fiscal Year Total, USD 280,026

Options Compensation

  Quantity Market Value
Exercisable -- --
Unexercisable -- --
Exercised -- --
Name Fiscal Year Total

Peter Wallace


Neil Schrimsher


David Wells


Kurt Loring


Fred Bauer


Warren Hoffner

As Of  30 Jun 2019