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D. Eugene Nugent, February 1946

Eugene Nugent (Feb 46)Gene, valedictorian of his Taft class, built his reputation in the business world for professional corporation management.

Earlier in his career, he held positions including executive vice-president of ITT Industrial Credit Company, president of American Louver Company, and Director of New Ventures and other positions at U.S. Gypsum.

In 1975, he joined Pentair, Inc., a company that bought and rehabilitated troubled paper manufacturers, rising to president, CEO and board chairman. He diversified the company by acquiring firms making other industrial products from woodworking machines to portable power tools, water pumps and automotive service products. When he retired, Pentair’s net income was about $107 million and it ranked in the Fortune 500.

Gene and his wife, Bonnie, founded and raise funds for the Mark A. Nugent Medical Research Foundation to research causes of and treatments for mental illness.