PORT WASHINGTON, N.Y. – Pall Corporation (NYSE:PLL) today announced that its board of directors has separated the roles of chairman of the board and chief executive officer and elected Ronald L. Hoffman, non-executive chairman. The change is effective today.

Mr. Hoffman, a Pall director since 2008, succeeds Eric Krasnoff as chairman. Mr. Krasnoff, who recently announced his intention to retire on the earlier of March 2012 or the election of a new CEO, continues as president and CEO. A search committee composed of independent Pall directors has retained a leading national recruitment firm and the CEO search is well underway.

With the election of Mr. Hoffman as chairman, Daniel J. Carroll, Jr., resigned as lead independent director. Mr. Carroll, who remains a director, said, “Splitting the roles of chairman and CEO is a growing trend among public companies. It also supports our transition in the executive suite. I’m confident that Ron will do a great job in his new role. I also want to thank Eric for his long and successful service as Pall’s chairman.”

Mr. Krasnoff said, “With Ron’s broad experience as a public company executive, deep knowledge of Pall and strong leadership skills, he will add tremendous value as chairman. I look forward to partnering with him as we continue to execute Pall’s growth plans and effect a smooth leadership transition. I also thank Dan Carroll for his significant contributions to Pall.”

Mr. Hoffman stated, “I am honored to have been selected by the board to assume the responsibilities of chairman. I believe strongly that the Company is headed in the right direction, that it has a very talented management team, and that it is well positioned to continue to grow and drive further value creation for shareholders.”

Mr. Hoffman, age 62, brings significant leadership experience to his new role. He spent twelve years at Dover Corporation (NYSE:DOV). He served in a variety of leadership positions culminating in president and board member in 2003 and chief executive officer from 2005 until his retirement in December 2008. Mr. Hoffman is a graduate of Oklahoma State University and the Advanced Executive Program at Northwestern University.

About Pall Corporation

Pall Corporation (NYSE:PLL) is a filtration, separation and purification leader providing solutions to meet the critical needs of customers across the broad spectrum of life sciences and industry. Pall works with customers to advance health, safety and environmentally responsible technologies. The Company’s engineered products enable process and product innovation and minimize emissions and waste. Pall Corporation, with total revenues of $2.4 billion for fiscal 2010, is an S&P 500 company with more than 10,000 employees serving customers worldwide. To see how Pall is helping enable a greener, safer, more sustainable future, visit www.pall.com/green.

Forward-Looking Statements

The matters discussed in this press release contain “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995.

Forward-looking statements are those that address activities, events or developments that the Company or management intends, expects, projects, believes or anticipates will or may occur in the future. All statements regarding future performance, earnings projections, earnings guidance, management’s expectations about its future cash needs and effective tax rate, and other future events or developments are forward-looking statements. Forward-looking statements are those that use terms such as “may,” “will,” “expect,” “believe,” “intend,” “should,” “could,” “anticipate,” “estimate,” “forecast,” “project,” “plan,” “predict,” “potential,” and similar expressions. Forward-looking statements contained in this and other written and oral reports are based on management’s assumptions and assessments in light of past experience and trends, current conditions, expected future developments and other relevant factors.

The Company’s forward-looking statements are subject to risks and uncertainties and are not guarantees of future performance, and actual results, developments and business decisions may differ materially from those envisaged by the Company’s forward-looking statements. Such risks and uncertainties include, but are not limited to, those discussed in Part I–Item 1A.–Risk Factors in the 2010 Form 10-K, and other reports the Company files with the Securities and Exchange Commission, including the effect of litigation and regulatory inquiries associated with the restatement of our prior period financial statements; the impact of legislative, regulatory and political developments globally and the impact of the uncertain global economic environment and the timing and strength of a recovery in the markets and regions we serve, and the extent to which adverse economic conditions may affect our sales volume and results; demand for our products and business relationships with key customers and suppliers, which may be impacted by their cash flow and payment practices, as well as delays or cancellations in shipments; our ability to obtain regulatory approval or market acceptance of new technologies; our ability to successfully complete our business improvement initiatives, which include integrating and upgrading our information systems and the effect of a serious disruption in our information systems; fluctuations in our effective tax rate; volatility in foreign currency exchange rates, interest rates and energy costs and other macro economic challenges currently affecting us; changes in product mix, market mix and product pricing, particularly relating to the expansion of the systems business; increase in costs of manufacturing and operating costs; our ability to achieve and sustain the savings anticipated from cost reduction and gross margin improvement initiatives; the effect of the restrictive covenants in our debt facilities; our ability to enforce patents and protect proprietary products and manufacturing techniques; our ability to successfully complete or integrate any acquisitions; and the impact of pricing and other actions by competitors. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company makes these statements as of the date of this disclosure and undertakes no obligation to update them, whether as a result of new information, future developments or otherwise