The Nordson Corp. Board of Directors has reported that Chairman, CEO and President Edward P. Campbell, 59, has announced his intention to retire in early 2010. The Board confirmed that Campbell will remain in his current role until a successor is named and in place, a process that will include internal and external candidates and is expected to take until the end of calendar year 2009. Campbell has also stated his intention to retire from the Nordson Board when the CEO transition is complete.
“Ed is to be commended for his dynamic leadership and
outstanding contributions to Nordson for over two decades,” said Stephen R.
Hardis, presiding director of Nordson’s Board. “It is clear that Nordson
has enjoyed a remarkable period of success under Ed’s stewardship, including
profitable global growth, numerous strategic acquisitions, continued product
innovation, increased productivity, operational excellence and strong
shareholder returns. Also noteworthy were Ed's many initiatives to
reinforce Nordson's commitment to strengthen the communities in which the
corporation has business operations. On behalf of Nordson’s Board of
Directors and Nordson employees worldwide, we wish Ed and his family the very
best, and we trust that his well-earned retirement will be a lengthy, healthy,
and fulfilling one. He will be missed personally and professionally.”
Nordson in 1988 as a corporate vice president. He was named chief
operating officer in 1994. In November of 1997, Campbell was elected president and chief
executive officer. He was also named chairman of the board in March
During Campbell’s tenure with the company, Nordson grew from $245 million in
annual sales with earnings of $.78 per share in 1988 to $1.1 billion in sales
with earnings of $3.43 per share in 2008. The company also continued to
raise dividends paid to shareholders every year, a record that now stands at 45
consecutive years and puts Nordson in an elite group of only 16 U.S.
publicly traded companies to have raised their dividend for that number of
For more information, visitwww.nordson.com.
Nordson Corp.'s Campbell to Retire (4/30/09)
April 30, 2009