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 news came in a Monday news release.
On that day in October he will bring an end more than 60 years of the Krasnoff 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. Further, Eric Krasnoff said he and Marino planned “to pursue a personal relationship.“
Eric Krasnoff's announcement came at around the same time his wife, Robin, filed for divorce. The Krasnoffs, of Old Brookville, have two daughters.
Monday the Pall board also named the man who will take over for Eric Krasnoff on Oct. 3.
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. The board's goal was to find a visionary leader with an impressive record of performance managing a global technology company. Larry has a proven track record of success and has demonstrated the ability to grow and transform multiple businesses throughout his career.”
Pall relocated from East Hills to Port Washington in 2009.
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