TODAY'S PAPER
74° Good Morning
74° Good Morning
Business

Pall CFO Akhil Johri stepping down

Akhil Johri is leaving his post as CFO

Akhil Johri is leaving his post as CFO of Pall Corp. Photo Credit: Pall Corp.

The chief financial officer of Pall Corp. is stepping down after a year and a half to return to United Technologies Corp., the companies announced Tuesday.

Port Washington-based Pall said it is "currently evaluating its succession options" after the exit of Akhil Johri, 53, who became Pall's CFO May 1, 2013. Johri will take over as CFO of United Technologies, based in Hartford, on Jan. 1.

The graduate of the Indian Institute of Management spent 26 years at United Technologies before taking the job at Pall, which makes filtration and purification systems. His last post was as chief financial officer of the company's UTC Propulsion & Aerospace Systems unit.

Pall's last permanent CFO was Lisa McDermott, who announced she was leaving the company "to pursue other interests" in December 2012. After her departure, chief executive Larry Kingsley took over as interim CFO until Johri was hired.

In April 2014, Francis Moschella, Pall's chief accounting officer, left the company, and Johri assumed his duties.

In taking the United Technologies job, Johri rejoins a company whose market capitalization is more than $100 billion, about 10 times larger than Pall's. He will report to Greg Hayes, the former CFO who became United Technologies' chief executive in November following the abrupt retirement of Louis Chenevert.

Pall's leadership was shaken up in 2011 when CEO Eric Krasnoff stepped down after disclosing an extramarital relationship with the company's general counsel, Sandra Marino, who also left her post.

Shares of Pall edged down 0.6 percent to close at $97.40 Tuesday.

Comments

We're revamping our Comments section. Learn more and share your input.

More news