Donaldson appoints COO Richard Lewis as President & CEO; Tod Carpenter becomes Executive Chairman

DONALDSON Co INC

Richard Lewis, current COO, becomes President & CEO effective March 2, 2026; also joins Board.
Tod Carpenter retires as CEO on March 1 after 11 years; stays as Executive Chairman through transition.
Lewis’s annual base salary increased to $1.088M, cash incentive target at 110%, plus $942.5K in incremental equity.
Carpenter’s base salary reduced to $880K as Executive Chairman; incentive target remains 120% of new salary.
Lewis has been with Donaldson since 2002, held roles including President of Mobile Solutions and Life Sciences.

item 5.02item 7.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.