GOLDEN VALLEY, MN, May 6, 2005 (PRNewswire-FirstCall) -- Pentair Inc. has received the 2005 Minnesota Business Ethics Award (MBEA), an award established by The Center for Ethical Business Cultures and the Minnesota Chapters of the Society of Financial Service Professionals. Pentair was honored for its commitment to ethical business dealings, as reflected in its Code of Business Conduct and Ethics, and for its passion to sustaining an ethical culture.
"The MBEA recognizes Minnesota companies that exemplify and promote ethical conduct for the benefit of the workplace, the marketplace, the environment and the community," according to the Center for Ethical Business Cultures and the Minnesota Chapters of the Society of Financial Service Professionals, the award sponsors.
"Pentair employees deserve the recognition that comes with this award," said Randall J. Hogan, Pentair chairman and chief executive officer. "Our culture is rooted in our employees' commitment to integrity, and this commitment guides our business."
Pentair was cited by the MBEA judges for its "ethical compass," as embodied in the Code of Conduct. The company's founder, Murray J. Harpole, was cited for his foresight in creating the original document, on which the current one is based. "While the times have changed, the values embodied in Pentair's Code have not," said Mr. Hogan. "These values attract employees and are a vital part of our company's success," he added.
The Minnesota Business Ethics Award was established in 1999 to raise the standards for business ethics in Minnesota and to honor those companies that exhibit the highest ethical standards.
Pentair (www.pentair.com) is a diversified operating company based in Minnesota. Its Water Group is a global leader in providing innovative products and systems used worldwide in the movement, treatment, storage and enjoyment of water. Pentair's Enclosures Group is a leader in the global enclosures market, designing and manufacturing standard, modified and custom enclosures that house and protect sensitive electronics and electrical components. With 2004 revenues of $2.28 billion, the company has about 13,000 employees worldwide
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