Donaldson Co. hires former Imation CFO Scott Robinson

Donaldson Co. hired Imation's former CFO as its own chief financial officer.

Scott Robinson, 49, will start in his new position Tuesday, the company said.

The Bloomington-based maker of factory, truck and power plant filtration systems, also announced that former Donaldson CFO Jim Shaw will fill the newly created role of chief finance compliance officer. Both Robinson and Shaw will report to Donaldson CEO and President Tod Carpenter.

Imation announced in October that Robinson, who spent 11 years with the struggling data storage and security firm, would soon be fired as part of a massive restructuring that laid off 124 workers, including three other top executives.

Before Imation, Robinson worked at Deluxe Corp. and PricewaterhouseCoopers — experience praised by Carpenter.

"As our new CFO, Scott's diverse set of public accounting and corporate finance experiences will be assets to Donaldson as we continue executing our strategic growth initiatives," Carpenter said. "Additionally, Jim's broad and deep understanding of Donaldson will be critical to strengthening our global financial controls and processes."

The appointments are the first senior executive changes made by Carpenter since he became CEO in April, following the retirement of longtime CEO Bill Cook.

Donaldson's stock fell 61 cents to $28.60 a share on Monday. The stock is down from its 52-week high of $39 a share.