Lawrence Kingsley, the Pall Corp. chairman and CEO who is in line for a payout of more than $100 million on the company's sale to Danaher Corp., will step down when the deal closes, according to a government filing Tuesday. Photo Credit: Lawrence Kingsley, the Pall Corp. chairman and CEO who is in line for a payout of more than $100 million on the company's sale to Danaher Corp., will step down when the deal closes, according to a government filing Tuesday.