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Pall CEO Kingsley elected chairman
Larry Kingsley, chief executive of Pall Corp., has been elected board chairman of the Port Washington-based manufacturer of filtration and purification devices.
Kingsley, who is 50 and has headed the company since October 2011, succeeds Ronald L. Hoffman.
“During his two years with Pall, Larry Kingsley has proven to be a strong leader in a time of change for the company,” Hoffman said in a statement announcing the change. “As Pall enters the next phase of its continuing transformation, the board felt the timing was ideal for a single voice from the offices of the CEO and chairman."
The company, founded six decades ago by scientist and inventor David Pall, is among the world’s largest manufacturers and distributors of filters that purify substances ranging from water to gasoline. Pall has roughly 11,000 employees globally, with an estimated 750 on Long Island. The company’s stock is up 23 percent this year, closing Tuesday at $75.50.