<br />
Seeing the<br />
big picture.<br />
Annual Report 2011<br />
Our vision<br />
To be a diversified industrial growth company, a global enterprise and a responsible<br />
Pentair<br />
citizen known for operational excellence, innovation, top talent and growing by serving<br />
Leadership Team<br />
customers well while delivering superior long-term shareholder value.<br />
2011 Sales BY SEGMENT<br />
Board Members 69% | Water & Fluid Solutions<br />
28% | Flow<br />
26% | Treatment/Process<br />
Leslie Abi-Karam<br />
15% | Aquatic<br />
Executive Vice President and President<br />
of Mailing Solutions Mana3g1e%me|ntTeocfhPnitincaelyPBroowduecstIsnc.;<br />
Director since 2008<br />
Glynis A. Bryan<br />
Water & Fluid Solutions<br />
Chair of the Governance Committee; Chief Financial<br />
Officer of Insight Enterprises, Inc.; D<a title="Pentair_AR2011 page 1" href="http://viewer.zmags.com/publication/d4e0bf6f?page=1"> Seeing the big picture. Annual Report 2011</a>
<a title="Pentair_AR2011 page 2" href="http://viewer.zmags.com/publication/d4e0bf6f?page=2"> Our vision To be a diversified industrial growth </a>
<a title="Pentair_AR2011 page 3" href="http://viewer.zmags.com/publication/d4e0bf6f?page=3"> Investor Information The world is changing. ARneg</a>
<a title="Pentair_AR2011 page 4" href="http://viewer.zmags.com/publication/d4e0bf6f?page=4"> Randall J. Hogan Chairman & Chief Executive Offic</a>
<a title="Pentair_AR2011 page 5" href="http://viewer.zmags.com/publication/d4e0bf6f?page=5"> 3.0 2.7 3.5 </a>
<a title="Pentair_AR2011 page 6" href="http://viewer.zmags.com/publication/d4e0bf6f?page=6"> Expanding our global opportunities The growing p</a>
<a title="Pentair_AR2011 page 7" href="http://viewer.zmags.com/publication/d4e0bf6f?page=7"> Expanding Our Reach We advanced our global water </a>
<a title="Pentair_AR2011 page 8" href="http://viewer.zmags.com/publication/d4e0bf6f?page=8"> Membrane bioreactors are not new to the food indu</a>
<a title="Pentair_AR2011 page 9" href="http://viewer.zmags.com/publication/d4e0bf6f?page=9"> Innovating for sustainable growth We made great </a>
<a title="Pentair_AR2011 page 10" href="http://viewer.zmags.com/publication/d4e0bf6f?page=10"> Driving to a new level of capabilities and focus </a>
<a title="Pentair_AR2011 page 11" href="http://viewer.zmags.com/publication/d4e0bf6f?page=11"> Moving Beyond the Oil Refinery We are breaking in</a>
<a title="Pentair_AR2011 page 12" href="http://viewer.zmags.com/publication/d4e0bf6f?page=12"> Our vision To be a diversified industrial growth c</a>
<a title="Pentair_AR2011 page 13" href="http://viewer.zmags.com/publication/d4e0bf6f?page=13"> Investor Information The world is changing. RAegi</a>
<a title="Pentair_AR2011 page 14" href="http://viewer.zmags.com/publication/d4e0bf6f?page=14"> The front portion of this report was printed on p</a>