The board of directors of Applied Industrial Technologies has elected Peter Wallace as its independent chairman. He succeeds John Meier, who has served as chairman since 2011 and who will continue to serve as a member of the board.
Wallace has served on the Applied board since 2005. Since June, he has served as chief executive officer of Gardner Denver, a privately-owned global manufacturer of engineered compressors, pumps, blowers, and fluid management solutions. From 2004 until last year, he was CEO of Robbins & Myers, a designer, manufacturer, and marketer of highly engineered equipment and systems for energy, chemical, pharmaceutical, and industrial markets. He held that role until National Oilwell Varco acquired Robbins & Myers last year.