Parker’s senior leaders and the Board of Directors celebrated 50 years of growth and innovation since its initial public offering (IPO) at the New York Stock Exchange (NYSE). Parker’s Chairman, CEO and President Don Washkewicz rang The Closing Bell® April 24, 2014.
“When Parker went public in 1964, it was mid-stride in a decade that would bring significant change in advancing our global position today as a leading technology company,” said Chairman, CEO and President Don Washkewicz. “Rooted in our founder Art Parker’s vision to benefit customers through innovative engineering, today Parker’s technology, powered by 58,000 people worldwide, can be found in almost anything that requires motion and control – from aerospace to modern healthcare to efficient energy generation – making a positive impact around the world while driving long-term shareholder value.”
Since being founded in 1918 in a tiny Cleveland loft, Parker has nurtured an inventive spirit. The company has grown to become the leader in motion and control technology, with engineering expertise that spans across electromechanical, hydraulic and pneumatic, fluid and gas handling, filtration, sealing and shielding, climate control, process control, and aerospace.
Parker listed on the NYSE on December 9, 1964. On that day, Parker’s senior leaders opened the NYSE with a listing ceremony to mark the first day of trading Parker common stock on a public exchange. Just two years later, Parker was named to the Fortune 500 list. Here is a brief look at Parker’s accomplishments in the decades since its initial public offering:
Parker remains committed to delivering game-changing innovation that helps solve the world's greatest engineering challenges, including powering human motion through leading technology like its Indego® exoskeleton, ensuring an environmentally responsible future through investments in alternative energy solutions, and paving new ground in medical technology.