The Gorman-Rupp Company announced that Wayne L. Knabel, Executive Vice President and Chief Financial Officer, has informed the company of his decision to retire from the company effective March 31, 2017. In connection with his retirement, Mr. Knabel plans to step down from his executive officer positions of Executive Vice President and Chief Financial Officer effective December 31, 2016. Mr. Knabel will remain employed with the Company as a succession planning and strategic planning advisor to the Chief Executive Officer and President, the succeeding Chief Financial Officer and the Board of Directors until his planned retirement date.

The company announced that effective July 18, 2016, in coordination with Mr. Knabel's retirement plan described above, Mr. James Kerr will join the company as Vice President of Finance, and that effective January 1, 2017, the company plans to appoint Mr. Kerr as Chief Financial Officer, an executive officer position. Prior to joining the company, Mr. Kerr, age 54, most recently served as Executive Vice President and Chief Financial Officer of Jo-Ann Stores Inc. Mr. Kerr was with Jo-Ann Stores Inc. for the last 17 years where he previously held the position of Vice President and Controller until 2006.