Dycom Industries, Inc. Appoints Jennifer Fritzsche As Director

Rhea-AI Summary

Dycom Industries, Inc. (NYSE: DY) announced the appointment of Jennifer Fritzsche as a new director, effective October 27, 2020. Fritzsche, currently the Chief Financial Officer at Canopy Spectrum, LLC, brings extensive experience from her 25-year tenure as a Senior Equity Analyst at Wells Fargo Securities, where she specialized in telecommunications and cable services. The Board approved increasing its membership from seven to eight to accommodate this change. Her term will last until the 2021 Annual Meeting of Shareholders.

Positive

• Jennifer Fritzsche's extensive background may provide fresh perspectives to the board.
• Her experience in telecommunications could enhance strategic insights for Dycom.

Negative

• The addition of a new board member may disrupt existing dynamics and continuity.

PALM BEACH GARDENS, Fla., Oct. 28, 2020 /PRNewswire/ -- Dycom Industries, Inc. (NYSE: DY) today announced the appointment of Jennifer Fritzsche as a director. Ms. Fritzsche is currently the Chief Financial Officer and a director of Canopy Spectrum, LLC, and has been a Senior Industry and Innovation Fellow at Georgetown University's McDonough School of Business since October 2019. She formerly served as a managing director and Senior Equity Analyst at Wells Fargo Securities (or its predecessor firms) for 25 years. During her career at Wells Fargo, Ms. Fritzsche served in multiple leadership and management roles, including as a Senior Analyst covering the telecommunications/cable services communications infrastructure industries. In connection with Ms. Fritzsche's appointment, the Company's Board of Directors approved a resolution to increase the number of board members from seven to eight. The appointment, effective October 27, 2020, is for a term extending until the Company's 2021 Annual Meeting of Shareholders.

About Dycom Industries, Inc.
Dycom is a leading provider of specialty contracting services throughout the United States. These services include program management; planning; engineering and design; aerial, underground, and wireless construction; maintenance; and fulfillment services for telecommunications providers. Additionally, Dycom provides underground facility locating services for various utilities, including telecommunications providers, and other construction and maintenance services for electric and gas utilities. For more information, visit https://dycomind.com.

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SOURCE Dycom Industries, Inc.

FAQ

Who is Jennifer Fritzsche and what is her role at Dycom Industries?

Jennifer Fritzsche has been appointed as a director at Dycom Industries, bringing her experience as CFO of Canopy Spectrum and 25 years at Wells Fargo Securities.

When was Jennifer Fritzsche's appointment to the Dycom board effective?

Her appointment to the board was effective on October 27, 2020.

What changes occurred in Dycom's board structure with the new appointment?

With the appointment of Jennifer Fritzsche, the board size increased from seven to eight members.

How long will Jennifer Fritzsche serve on the Dycom board?

Jennifer Fritzsche will serve until the 2021 Annual Meeting of Shareholders.