Dycom Industries, Inc. Appoints Stephen C. Robinson As Director

Rhea-AI Summary

Dycom Industries, Inc. (NYSE: DY) has appointed Stephen C. Robinson as a new director, effective December 30, 2021. Robinson is a seasoned legal professional, previously serving as a U.S. District Judge and U.S. Attorney. His extensive background in government enforcement and compliance brings valuable insights to Dycom's board. Along with this appointment, the board has expanded from seven to eight members. Robinson's term will continue until the 2022 Annual Meeting of Shareholders, potentially enhancing strategic decision-making within the company.

Positive

• Robinson's extensive legal and compliance experience may strengthen the company's governance.
• Expansion of the board could lead to improved strategic oversight.

Negative

• No significant operational experience in the telecommunications sector raises concerns about industry-specific insight.

PALM BEACH GARDENS, Fla., Jan. 03, 2022 (GLOBE NEWSWIRE) -- Dycom Industries, Inc. (NYSE: DY) today announced the appointment of Stephen C. Robinson as a director. Mr. Robinson is a retired partner of the law firm of Skadden, Arps, Slate, Meagher & Flom and practiced in their litigation department with a focus on government enforcement and white collar investigations. Mr. Robinson has previously served as a U.S. District Judge for the U.S. District Court for the Southern District of New York from 2003 to 2010, for which he was nominated by former President George W. Bush. He was also a former U.S Attorney for the District of Connecticut from 1998 to 2001 and was the Principal Deputy General Counsel for the Federal Bureau of Investigation from 1993 to 1995. Mr. Robinson has also served in multiple leadership and management roles, including as the Chief Executive Officer of Empower New Haven from 2002 to 2003 and as the Chief Compliance Officer of Aetna U.S Healthcare from 1996 to 1998. He currently is a trustee of several nonprofits, including Cornell University, Weill Cornell Medicine, The New York Community Trust and the Lincoln Center for the Performing Arts. In connection with Mr. Robinson’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 December 30, 2021, is for a term extending until the Company’s 2022 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, contact:
Callie Tomasso, Investor Relations
Email: investorrelations@dycomind.com
Phone: (561) 627-7171

FAQ

Who is the new director appointed by Dycom Industries?

Stephen C. Robinson, a former U.S. District Judge and experienced legal professional.

When did Stephen C. Robinson's appointment to the board become effective?

His appointment became effective on December 30, 2021.

What is the significance of expanding Dycom's board to eight members?

The expansion may provide enhanced governance and strategic decision-making capabilities.

How long will Stephen C. Robinson serve on Dycom's board?

Robinson's term will extend until the company's 2022 Annual Meeting of Shareholders.

What previous roles has Stephen C. Robinson held?

He has served as a U.S. District Judge, U.S. Attorney, and held executive roles in various organizations.