Seven months after Pall Corp.'s leadership was rocked by chief executive Eric Krasnoff's disclosure of an extramarital "personal relationship" with a subordinate, he has set the date for his departure: Oct. 3.
The Pall board also named the man who will take over for Krasnoff on that date. It's Larry Kingsley, 48, who is currently chairman of the board, president and chief executive of IDEX Corp., of Lake Forest, Ill.
Pall's board chairman, Ronald L. Hoffman said in a prepared statement, "We could not be more pleased that Larry will be joining Pall . . . Larry has a proven track record of success and has demonstrated the ability to grow and transform multiple businesses throughout his career."
The announcements on Kingsley and Krasnoff were made Monday.
On Oct. 3 Krasnoff will bring an end to more than 60 years of the family's leadership at the Port Washington filtration company co-founded by his father, Abraham Krasnoff.
Between the two -- Abraham and Eric Krasnoff -- they served as chief executive for 38 years and helped build Pall Corp. into one of Long Island's largest companies, with 500 workers on the Island and more than 10,000 employees overall.
The Krasnoffs helped make it into one of the world's filtration giants, with an array of technology to separate impurities from water, beer, wine, oil, blood and other substances.
Krasnoff in January announced his pending resignation and admitted he had a personal relationship with another top Pall executive, the corporate counsel, Sandra Marino.