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Atkore Inc. Announces Retirement of William VanArsdale from Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Atkore Inc. announced the retirement of William (Bill) R. VanArsdale from its Board of Directors, effective December 28, 2022. VanArsdale, a board member since 2015 and Chair of the Human Resource & Compensation Committee, played a vital role in Atkore's transition to a publicly traded company. His retirement coincides with the appointment of Joanne Edwards to the Board, effective February 1, 2023, maintaining the board size at nine members. Atkore's leadership expresses gratitude for VanArsdale's contributions, citing confidence in the company's future success.
Positive
Continued board stability with the appointment of Joanne Edwards, expected to provide fresh perspectives.
Bill VanArsdale's instrumental role in transitioning Atkore to a public company supports long-term growth.
Negative
Retirement of a long-serving board member may create continuity concerns.
Potential experience gaps in the board following VanArsdale's exit.
HARVEY, Ill.--(BUSINESS WIRE)--
Atkore Inc. (“Atkore”), today announced that William (Bill) R. VanArsdale is retiring from the Atkore Board of Directors for personal reasons, effective Wednesday, December 28, 2022.
Mr. VanArsdale joined the Atkore Board of Directors in 2015, and most recently served as Chair of the Human Resource & Compensation Committee, and as a member of the Nominating and Governance Committee and Executive Committee.
Mr. Michael Schrock, Chairman of Atkore Board of Directors, said, “Bill has played an instrumental role in Atkore’s transition from a privately held to a publicly traded company. His guidance over the past seven years helped drive Atkore’s continued growth and strong financial performance. On behalf of the Board of Directors, I want to thank Bill for his contributions, and wish him and his family all the best following his retirement.”
Mr. VanArsdale commented, “I am proud to have been part of the Atkore Board of Directors and worked alongside such a talented leadership team. Although I was planning to remain until my term expiration, the recent appointment of Ms. Joanne Edwards to the Board in conjunction with an increase in my personal commitments for the coming year provided an opportune time to retire. While I will miss the business collaboration and camaraderie, I know the Company is as strong as ever and is well-positioned for future success.”
Earlier this month, the Company announced the appointment of Ms. Joanne Edwards to the Board, effective February 1, 2023. On this date, she will fill the vacancy created by Mr. VanArsdale and the size of the Board of Directors will remain at nine members instead of temporarily expanding to ten, as previously announced.
About Atkore Inc.
Atkore is forging a future where our employees, customers, suppliers, shareholders and communities are building better together – a future focused on serving the customer and powering and protecting the world.
With a global network of manufacturing and distribution facilities worldwide, Atkore is a leading provider of electrical, safety and infrastructure solutions. To learn more, please visit at www.atkore.com.
