Christopher Hix joins Brady Corporation Board of Directors

Rhea-AI Summary

Brady (NYSE: BRC) announced that Christopher Hix has joined its Board of Directors, effective May 24, 2024.

Mr. Hix brings 39 years of experience, having previously served as Chief Financial Officer at Enovis , OM Group, and Robbins & Myers.

Hix's extensive background includes significant roles in industrial and medical technology sectors, where he facilitated company growth and transformation.

Brady , a global manufacturer of identification and protection solutions, reported fiscal 2023 sales of approximately $1.33 billion and employs around 5,600 people worldwide.

Positive

• Christopher Hix brings 39 years of extensive experience to Brady 's Board of Directors.
• Hix's background in finance and strategic roles at major companies could contribute significantly to Brady's growth.
• The fiscal 2023 sales of Brady were approximately $1.33 billion, indicating a strong financial standing.
• Brady 's diverse client base across various industries reduces dependency on a single market segment.

Negative

• There is information about specific financial benefits or immediate impacts of Hix's appointment.
• Brady needs to ensure that Hix's past experiences align well with its current strategic goals.
• The press release does not indicate any immediate or short-term financial growth resulting from the new appointment.

MILWAUKEE, May 24, 2024 (GLOBE NEWSWIRE) -- Brady Corporation (NYSE: BRC) (“Brady” or “Company”) announced that Christopher Hix will join its Board of Directors, effective May 24, 2024.

Mr. Hix joins the Brady Board of Directors after a 39-year career in public companies serving a broad range of global markets. From 2016 until his retirement in 2022, he served as Chief Financial Officer of Enovis Corporation (and its predecessor Colfax Corporation) while the company transformed its industrial business portfolio to faster-growth medical technologies. Mr. Hix was the Chief Financial Officer of OM Group, Inc., a specialty materials and chemicals company, from 2012 until the company’s acquisition in late 2015. He also served as the Chief Financial Officer of Robbins & Myers, a diversified industrial company, from 2006 to 2011, during a period of significant expansion and business portfolio changes. Prior to that, Mr. Hix spent 14 years in a variety of operating, financial and strategic roles within Roper Industries (now Roper Technologies), a global, diversified industrial and technology company that underwent rapid growth and transitioned from private to public ownership during his tenure. He served on the Board of Directors of ESAB Corporation, a $3 billion revenue global industrial company, from 2021 through 2024.

Mr. Hix received a Master of Business Administration from St. Mary’s College of California and a Bachelor of Science in Business Administration from the University of Southern California. Early in his career he earned his public accounting certification.

“Brady is committed to drive profitable growth through innovation, research and development, investments in technology and strategic M&A to deliver shareholder value over the long-term,” said Hix. “I’m looking forward to sharing my strategic and financial insights and to working with Brady’s leadership team and its Board of Directors to continue to drive increased shareholder value.”

“Chris’ extensive financial and strategic experience as a leader at several industrial companies, where he played a key role in accelerating growth, makes him an outstanding addition to the Brady Board of Directors,” said Bradley C. Richardson, Chair of Brady’s Board of Directors.

“I am pleased to welcome Chris to Brady’s Board of Directors. His proven track record leading high-technology global businesses through periods of significant growth and his experience in M&A will be invaluable to Brady as we continue to drive both organic and inorganic long-term growth opportunities,” said Russell R. Shaller, Brady’s President and Chief Executive Officer.

Brady Corporation is an international manufacturer and marketer of complete solutions that identify and protect people, products and places. Brady’s products help customers increase safety, security, productivity and performance and include high-performance labels, signs, safety devices, printing systems and software. Founded in 1914, the Company has a diverse customer base in electronics, telecommunications, manufacturing, electrical, construction, medical, aerospace and a variety of other industries.  Brady is headquartered in Milwaukee, Wisconsin and as of July 31, 2023, employed approximately 5,600 people in its worldwide businesses. Brady’s fiscal 2023 sales were approximately $1.33 billion. Brady stock trades on the New York Stock Exchange under the symbol BRC. More information is available at www.bradyid.com.

For More Information:
Investor contact: Ann Thornton 414-438-6887
Media contact: Kate Venne 414-358-5176

FAQ

What is the significance of Christopher Hix joining Brady 's Board of Directors?

Christopher Hix brings 39 years of financial and strategic experience, potentially aiding Brady 's long-term growth.

When did Christopher Hix join the Board of Directors at Brady ?

Christopher Hix joined the Board of Directors at Brady on May 24, 2024.

What recent financial performance did Brady report?

Brady reported fiscal 2023 sales of approximately $1.33 billion.

How many employees does Brady have?

As of July 31, 2023, Brady employed approximately 5,600 people.

What industries does Brady serve?

Brady serves industries including electronics, telecommunications, manufacturing, electrical, construction, medical, and aerospace.