Donaldson Company Inc. announced Tuesday that Thomas VerHage, Vice President and Chief Financial Officer, will leave the Company on October 31st. VerHage, 58, joined Donaldson in 2004 in his current role with responsibility for Donaldson's global finance organization.<br /><br />As part of the succession planning process, the company said that it will promote James Shaw to Vice President and Chief Financial Officer effective November 1st. Shaw, 42, is currently Corporate Controller and Principal Accounting Officer. Shaw joined Donaldson in 2004 as Director of Corporate Compliance/Internal Audit. Prior to joining Donaldson, Shaw was a Senior Audit Manager at Deloitte & Touche LLP, where he was the lead auditor for a number of large multi-national companies. Shaw also spent time as an auditor at Arthur Anderson, LLP.