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Atkore Inc. Names Joanne (Barbara) Edwards as New Director
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Atkore Inc. (NYSE: ATKR) has appointed B. Joanne Edwards as a director, effective February 1, 2023. This move precedes the mandatory retirement of a current director set for the January 2024 annual meeting. With Ms. Edwards joining, the Board will expand to ten members, nine of whom are independent. Ms. Edwards brings valuable experience from her previous roles, particularly at Eaton Corporation, where she excelled in growth and operational achievements. Her strategic insights are expected to significantly support Atkore's profit and growth strategies.
Positive
Appointment of B. Joanne Edwards is expected to enhance the Board's strategic direction.
Ms. Edwards brings significant experience from Eaton, potentially benefiting Atkore's growth and operational strategies.
Negative
The need to expand the Board suggests a transition period as the company prepares for upcoming director retirements.
HARVEY,Ill.--(BUSINESS WIRE)--
Atkore Inc. (the “Company”) (NYSE: ATKR), a leading provider of electrical, safety and infrastructure solutions, today announced that the Company’s Board of Directors (the “Board”) has appointed Ms. B. Joanne Edwards as a director, effective February 1, 2023.
B. Joanne Edwards (Photo: Business Wire)
The appointment is in preparation for the Company’s anticipated first director mandatory retirement scheduled to occur at the January 2024 annual meeting of stockholders. The Board recently approved the temporary expansion of the Board, effective February 1, 2023, and Ms. Edwards will fill this vacancy on that date. With the appointment of Ms. Edwards, Atkore’s Board will consist of ten members, nine of whom are independent.
“Joanne brings significant strategic, financial and operational experience from within the electrical industry,” remarked Mike Schrock, Chairman of the Board. “Her knowledge and insights into the segments currently served by the Company will be of tremendous value in supporting Atkore’s profit and growth strategies.”
About Joanne Edwards
Prior to her retirement in 2017, Ms. Edwards worked for ten years for Eaton Corporation Plc, (“Eaton”), where she served as Senior Vice President & General Manager, Residential & Wiring Device Business. During her tenure, Ms. Edwards achieved 10% residential products CAGR over five years through the electrical distribution and retail channels; successful acquisition and integration of the copper wiring device business; silver operating award for exceeding safety, quality, delivery, cost, and inventory goals; and the development of Internet of Things (IoT) partnership and new products. She also won Eaton’s highest award, the Eaton Business System. Prior to Eaton, she served in various capacities with increasingly responsible roles with global diversified manufacturing companies, including Schneider Electric and Square D Company. Over the last two decades, she has also served on various for-profit and non-profit boards, notably foundations and councils that aim to help the underserved and underprivileged segments of the population. Currently, she serves on the boards of Standex International Corporation and Amsted Industries. Ms. Edwards holds a BBA in Business Management from Kent State University.
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.
Who is B. Joanne Edwards and what experience does she bring to Atkore?
B. Joanne Edwards has extensive experience in the electrical industry, having served as Senior Vice President at Eaton, where she achieved significant growth and operational success.
Why was B. Joanne Edwards appointed to Atkore's Board?
Her appointment is in anticipation of a mandatory retirement of a current director and aims to strengthen the Board ahead of the January 2024 annual meeting.
What impact might B. Joanne Edwards have on Atkore's future?
Her strategic, financial, and operational expertise is expected to support Atkore's profit and growth strategies.
