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AstroNova Appoints Darius G. Nevin to Board of Directors

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AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies, has expanded its Board of Directors to six members with the appointment of Darius G. Nevin as the fifth independent director. Nevin, 67, will serve on the Audit Committee and Human Capital and Compensation Committee.

Nevin brings significant financial and governance experience, having served as CFO at Protection One, Inc., where he led a financial turnaround that improved operational efficiency and resulted in a successful company sale. He currently serves on the board of Alarm.com (Nasdaq: ALRM) since 2016 and as Chairman of Psychemedics since 2022. He previously served on WCI Communities' board from its NYSE IPO in 2013 until its 2017 sale.

AstroNova (Nasdaq: ALOT), un leader globale nelle tecnologie di visualizzazione dei dati, ha ampliato il suo Consiglio di Amministrazione a sei membri con la nomina di Darius G. Nevin come quinto direttore indipendente. Nevin, 67 anni, farà parte del Comitato di Revisione e del Comitato per le Risorse Umane e la Retribuzione.

Nevin porta con sé una significativa esperienza finanziaria e di governance, avendo ricoperto il ruolo di CFO presso Protection One, Inc., dove ha guidato un risanamento finanziario che ha migliorato l'efficienza operativa e ha portato a una vendita di successo dell'azienda. Attualmente fa parte del consiglio di Alarm.com (Nasdaq: ALRM) dal 2016 e ricopre il ruolo di Presidente di Psychemedics dal 2022. In precedenza, ha fatto parte del consiglio di WCI Communities dalla sua IPO nel NYSE nel 2013 fino alla vendita nel 2017.

AstroNova (Nasdaq: ALOT), un líder global en tecnologías de visualización de datos, ha ampliado su Junta Directiva a seis miembros con el nombramiento de Darius G. Nevin como el quinto director independiente. Nevin, de 67 años, formará parte del Comité de Auditoría y del Comité de Capital Humano y Compensación.

Nevin aporta una experiencia financiera y de gobernanza significativa, habiendo sido CFO en Protection One, Inc., donde lideró una reestructuración financiera que mejoró la eficiencia operativa y resultó en una venta exitosa de la empresa. Actualmente forma parte de la junta de Alarm.com (Nasdaq: ALRM) desde 2016 y es Presidente de Psychemedics desde 2022. Anteriormente, formó parte de la junta de WCI Communities desde su IPO en NYSE en 2013 hasta su venta en 2017.

AstroNova (Nasdaq: ALOT), 데이터 시각화 기술의 글로벌 리더, 이사회를 다섯 번째 독립 이사인 Darius G. Nevin의 임명으로 여섯 명으로 확대했습니다. 67세의 Nevin은 감사위원회 및 인적 자원 및 보상 위원회에서 활동할 것입니다.

Nevin은 Protection One, Inc.에서 CFO로 재직하며 운영 효율성을 개선하고 성공적인 기업 매각을 이끌어낸 재무 및 거버넌스 경험을 가지고 있습니다. 그는 2016년부터 Alarm.com (Nasdaq: ALRM) 이사회에서 활동하고 있으며, 2022년부터 Psychemedics의 의장을 맡고 있습니다. 그는 2013년 NYSE IPO부터 2017년 매각까지 WCI Communities의 이사회에서 활동했습니다.

AstroNova (Nasdaq: ALOT), un leader mondial dans les technologies de visualisation des données, a élargi son Conseil d'Administration à six membres avec la nomination de Darius G. Nevin en tant que cinquième directeur indépendant. Nevin, âgé de 67 ans, siégera au Comité d'Audit et au Comité des Ressources Humaines et de Rémunération.

Nevin apporte une expérience significative en finance et en gouvernance, ayant été CFO chez Protection One, Inc., où il a dirigé un redressement financier qui a amélioré l'efficacité opérationnelle et a abouti à une vente réussie de l'entreprise. Il siège actuellement au conseil d'Alarm.com (Nasdaq: ALRM) depuis 2016 et est président de Psychemedics depuis 2022. Auparavant, il a été membre du conseil d'administration de WCI Communities depuis son introduction en bourse sur le NYSE en 2013 jusqu'à sa vente en 2017.

AstroNova (Nasdaq: ALOT), ein globaler Marktführer im Bereich Datenvisualisierungstechnologien, hat seinen Vorstand auf sechs Mitglieder erweitert, indem Darius G. Nevin als fünften unabhängigen Direktor ernannt wurde. Nevin, 67 Jahre alt, wird im Prüfungsausschuss sowie im Ausschuss für Humanressourcen und Vergütung tätig sein.

Nevin bringt umfangreiche Erfahrungen in den Bereichen Finanzen und Governance mit, da er als CFO bei Protection One, Inc. tätig war, wo er eine finanzielle Wende leitete, die die operative Effizienz verbesserte und zu einem erfolgreichen Unternehmensverkauf führte. Er ist seit 2016 Mitglied des Vorstands von Alarm.com (Nasdaq: ALRM) und Vorsitzender von Psychemedics seit 2022. Zuvor war er von der NYSE-IPO von WCI Communities im Jahr 2013 bis zu dessen Verkauf im Jahr 2017 im Vorstand tätig.

Positive
  • Board strengthened with addition of experienced financial executive with public company expertise
  • New director brings proven track record in financial turnaround and operational efficiency improvements
  • Increased board independence with 5 out of 6 members now independent
Negative
  • None.

Seasoned Executive Brings Additional Financial Acumen and Governance Experience to Expanded Board

WEST WARWICK, R.I.--(BUSINESS WIRE)-- AstroNova, Inc. (Nasdaq: ALOT), a global leader in data visualization technologies, today announced that it has expanded its Board of Directors to six members with the appointment of Darius G. Nevin, effective immediately. A seasoned financial executive, Mr. Nevin, 67, will serve on the Audit Committee and Human Capital and Compensation Committee. He becomes the fifth independent member of the Board.

AstroNova, Inc. (Nasdaq: ALOT) on March 28 announced that it has expanded its Board of Directors with the appointment of Darius G. Nevin. He becomes the fifth independent member of the six-member Board. [Photo: AstroNova]

AstroNova, Inc. (Nasdaq: ALOT) on March 28 announced that it has expanded its Board of Directors with the appointment of Darius G. Nevin. He becomes the fifth independent member of the six-member Board. [Photo: AstroNova]

“Darius is an accomplished public company director and former senior executive whose financial acumen, governance background, and leadership experience make him an excellent addition to our Board,” said Richard S. Warzala, AstroNova’s Lead Independent Director. “His analytical insights, strategic vision and diverse business expertise are qualities that will help AstroNova drive value for its shareholders.”

Mr. Nevin served for nine years as Chief Financial Officer at then publicly traded Protection One, Inc., one of the largest security monitoring companies in the United States during his tenure. In this role, he was instrumental in orchestrating a comprehensive financial turnaround that significantly enhanced operational efficiency, culminating in the successful sale of the company.

Since 2016, he has served on the board of Alarm.com (Nasdaq: ALRM), a global leader in internet-of-things security and automation solutions. In 2022, Mr. Nevin joined the board of drug testing company Psychemedics Corporation, where he serves as Chairman. In addition, he served on the board of WCI Communities, Inc., a luxury homebuilder, from its initial public offering on the NYSE in 2013 until its sale in 2017.

Mr. Nevin received a bachelor’s degree from Harvard University and an M.B.A. from the University of Chicago Booth School of Business.

About AstroNova
AstroNova (Nasdaq: ALOT), a global leader in data visualization technologies since 1969, designs, manufactures, distributes, and services a broad range of products that acquire, store, analyze, and present data in multiple formats.

The Product Identification segment provides a wide array of digital, end-to-end product marking and identification solutions, including hardware, software, and supplies for OEMs, commercial printers, and brand owners. The Test and Measurement segment provides products designed for airborne printing solutions, avionics, and data acquisition. Our aerospace products include flight deck printing solutions, networking hardware, and specialized aerospace-grade supplies. Our data acquisition systems are used in research and development, flight testing, missile and rocket telemetry production monitoring, power, and maintenance applications.

AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting https://astronovainc.com/.

Scott Solomon

Senior Vice President

Sharon Merrill Associates, Inc.

(857) 383-2409

ALOT@investorrelations.com

Source: AstroNova

FAQ

Who is the new board member appointed to AstroNova (ALOT) and what committees will they serve on?

Darius G. Nevin, 67, has been appointed as the fifth independent director and will serve on both the Audit Committee and Human Capital and Compensation Committee.

What is Darius Nevin's previous experience before joining AstroNova's board?

Nevin served as CFO at Protection One, Inc., is currently on Alarm.com's board since 2016, serves as Chairman of Psychemedics since 2022, and previously served on WCI Communities' board from 2013-2017.

How many independent directors does AstroNova (ALOT) now have on its board?

AstroNova now has five independent directors out of a total of six board members following Nevin's appointment.

What was Darius Nevin's key achievement as CFO at Protection One?

As CFO at Protection One, Nevin orchestrated a comprehensive financial turnaround that significantly enhanced operational efficiency and led to the company's successful sale.
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