Operating business to align more strategically, allowing for better multi-divisional collaboration on systems and better support to customers
Steve Pitts named general manager of Stratoflex Products Division
FARNBOROUGH, ENGLAND, July 14, 2014 – Parker Aerospace has changed its organizational reporting structure to provide more strategic business and technology alignment for its customers. In addition, the company has recently added a new member to its leadership team.
Benefits of the reorganization. The new structure aligns Parker Aerospace’s business more tactically around its division business and technology synergies, allowing for better multi-division collaboration on engine systems, airframe fuel systems, and airframe fluid power systems, while better supporting key customers.
Under the new structure, Group Vice President of Operations Greg Crowe is now responsible for Parker Aerospace’s Fluid Systems, Gas Turbine Fuel Systems, and Stratoflex Products Divisions.
Group Vice President of Operations Andy Weeks has responsibility for Parker Aerospace’s Aircraft Wheel & Brake, Control Systems, and Hydraulic Systems Divisions.
New general manager. Steve Pitts has been named the general manager of Parker Aerospace's Stratoflex Products Division, headquartered in Fort Worth, Texas. In this role, he is responsible for all financial and operational aspects of the division in its locations in Fort Worth and Mansfield, Texas; Camarillo, California; Jacksonville, Florida; and Monterrey, Mexico.
Pitts joined Parker in 2012 as the business unit leader for the military original equipment manufacture and aftermarket segments for the company’s Control Systems Division. In this role he was responsible for profit and loss, business strategy, sales, program management, operations, and executive customer relationships.
Prior to joining Parker, Pitts held a number of key leadership roles at Honeywell International, including vice president for the Boeing business segment, vice president of the U.S. Air Force business segment, general manager for the Commercial Aerospace Navigation Products Division, director of engineering, and director of product management.
Pitts holds a bachelor of science degree in electrical engineering from Valparaiso University in Indiana, and a master of business administration degree from the University of St. Thomas in St. Paul, Minnesota. He has also achieved Six Sigma certification.
Visit Parker during the Farnborough International Airshow in hall 4, stand A18.
About Parker Aerospace. Parker Aerospace is a global leader in the research, design, manufacture, and service of flight control, hydraulic, fuel and inerting, fluid conveyance, thermal management, and engine systems and components for aerospace and other high-technology markets. Its product lines include primary and secondary flight control actuation, power generation and control components, thrust-reverser actuation systems, electrohydraulic servovalves, electric motor-driven hydraulic pumps, fuel pumps and valves, refueling, defueling, and aerial refueling equipment, fuel tank inerting systems; tank pressure and vent controls, level and flow control equipment; motor-operated valves and fuel equipment, lubrication oil reservoirs, lubrication and scavenge pumps, fuel measurement and management systems, thermal management products, cockpit instrumentation, lightning-safe products, pneumatic subsystems and components, water subsystems and components, fluid metering delivery and atomization devices, wheels, brakes, and fluid conveyance products such as hoses, tubes, disconnects, and fittings. It is an operating segment of Parker Hannifin Corporation.
About Parker Hannifin. With annual sales of $13 billion in fiscal year 2013, Parker Hannifin is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. The company employs approximately 58,000 people in 49 countries around the world. Parker has increased its annual dividends paid to shareholders for 58 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index. For more information, visit the company's web site at http://www.parker.com, or its investor information web site at http://www.phstock.com.
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