Acuity Brands Appoints Laura O'Shaughnessy to the Board of Directors

Rhea-AI Summary

Acuity Brands (NYSE: AYI) announced an expansion of its Board of Directors from 11 to 12 members, electing Laura O’Shaughnessy as a Director. Her term will last until the next annual stockholder meeting. O'Shaughnessy, co-founder and CEO of SocialCode, brings significant expertise in digital advertising and technology. Neil Ashe, CEO, expressed optimism about leveraging her knowledge to advance the company's transformation. Acuity Brands focuses on innovative products and services within the industrial technology sector, emphasizing connected solutions.

Positive

• Laura O'Shaughnessy brings extensive digital knowledge and technology expertise to the Board.
• Her appointment is expected to enhance the company's transformation efforts.

Negative

• Concerns about continuity and experience gaps due to the addition of a new board member.

Atlanta, June 30, 2020 (GLOBE NEWSWIRE) --

Acuity Brands, Inc. (NYSE: AYI) (the “Company”) announced today that the Board of Directors (the “Board”) approved an increase in the size of the Board from 11 to 12 members and elected Laura O’Shaughnessy as a Director for a term that will expire at the Company’s next annual meeting of stockholders. 

Ms. O’Shaughnessy is the co-founder and Chief Executive Officer of SocialCode, LLC, a technology company that manages digital and social advertising for leading consumer brands.  She previously oversaw business development and product strategy for the Slate Group, an online publisher. 

Neil Ashe, President and Chief Executive Officer, commented on behalf of the Board, “We are pleased that Laura has agreed to join the Board and look forward to accessing her digital knowledge and technology expertise as we continue to transform our business.”

About Acuity Brands

Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We design, manufacture, and bring to market innovative products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications.  Based in Atlanta, Georgia, with operations across North America, Europe, and Asia, we are powered by approximately 12,000 dedicated and talented associates. Visit us at www.acuitybrands.com.

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Company Contact:
Pete Shannin
Acuity Brands, Inc.
(770) 860-2873

FAQ

What changes were announced regarding Acuity Brands' Board of Directors?

Acuity Brands announced the expansion of its Board from 11 to 12 members with Laura O'Shaughnessy elected as a new Director.

Who is Laura O'Shaughnessy and what expertise does she bring to Acuity Brands?

Laura O'Shaughnessy is the co-founder and CEO of SocialCode, bringing expertise in digital advertising and technology.

What impact might Laura O'Shaughnessy's appointment have on Acuity Brands?

Her appointment is expected to strengthen the company's digital strategy and overall transformation.

When will Laura O'Shaughnessy's term as Director expire?

Her term will expire at the company's next annual meeting of stockholders.