 CLEVELAND, Aug. 13, 2021 GLOBE NEWSWIRE -- Parker Hannifin Corporation NYSE:PH, the global leader in motion and control technologies, today announced that Lee C. Banks, currently President and Chief Operating Officer, has been elected by the Board of Directors to a new role as Vice Chairman and President. The Board also has elected Jennifer A. Parmentier, currently Vice President and President - Motion Systems Group, to the role of Chief Operating Officer, reporting to Banks. Berend Bracht, currently Vice President of Operations - Engineered Materials Group, has been elected to succeed Parmentier as Vice President and President - Motion Systems Group. 