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H.B. Fuller Elects Srilata Zaheer to Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
H.B. Fuller (NYSE: FUL) has elected Dr. Srilata Zaheer as an independent board member, effective April 6, 2022. Dr. Zaheer will also serve on the Audit and Compensation Committees. With extensive experience in international business strategy, particularly in China and India, she aims to bolster H.B. Fuller's growth. Currently Dean at the University of Minnesota's Carlson School of Management, Dr. Zaheer's insights on global business will strengthen the company's strategy. H.B. Fuller reported net revenue of $2.8 billion in fiscal 2020.
Positive
Dr. Zaheer's appointment brings extensive experience in international business strategy.
Her strong networks in China and India may enhance growth opportunities in these markets.
Expected to strengthen ESG strategies through her background in corporate social responsibility.
Negative
None.
Exceptional international leader to support H.B. Fuller’s profitable growth strategy
ST. PAUL, Minn.--(BUSINESS WIRE)--
H.B. Fuller Company (NYSE: FUL) today announced that it has elected Dr. Srilata (Sri) Zaheer as an independent member to its board of directors. Dr. Zaheer will join the board effective April 6, 2022. She has been appointed to serve on the Audit Committee and the Compensation Committee of the board.
Dr. Srilata Zaheer (Photo: Business Wire)
“I am pleased to welcome Sri to the H.B. Fuller board of directors,” said Lee Mitau, chairman, H.B. Fuller board of directors. “She brings deep experience in international business strategy and strong networks in China and India, both important growth markets for H.B. Fuller. She also has a deep understanding of developing robust corporate social responsibility strategies and programs that will complement our ESG (environmental, social, and governance) efforts.”
Dr. Zaheer currently serves as the Dean of the University of Minnesota’s Carlson School of Management and as Chair of the Federal Reserve Bank of Minneapolis. She was appointed Dean at the Carlson School in March 2012, where she also holds the Elmer L. Andersen Chair in Global Corporate Social Responsibility. She has served as a director of the Federal Reserve Bank of Minneapolis since 2017, and as Chair of the Board since January 2020. For her service on the board of the Federal Reserve Bank of Minneapolis, she was named an Outstanding Director by Twin Cities Business.
“Sri is a strong leader with deep understanding of global business strategy, including building strong partnerships to diversify and scale service offerings, implementing end-to-end digital transformation to drive performance, and developing strong, global talent pipelines,” said Jim Owens, H.B. Fuller president and chief executive officer. “In addition to her tremendous leadership at the Carlson School and the Federal Reserve Bank, with her background in multinational, corporate financial management, she will bring to H.B. Fuller insights that will further strengthen our strategy and growth trajectory.”
“Observing H.B. Fuller over the years, I am impressed with the company’s continued international expansion and growth and the depth and breadth of its product offerings across many industries,” said Dr. Zaheer. “I am looking forward to sharing my insights on multinational business to support H.B. Fuller’s continued growth in key markets.”
Dr. Zaheer also serves as a Charter Trustee of Hamilton College and has served on several non-profit boards, including the Greater Twin Cities United Way, the Guthrie Theater and Mayo Clinic’s Economic Development Agency. She received her PhD from MIT’s Sloan School of Management, a Corporate Director’s Certificate from Harvard Business School, an MBA equivalent from the Indian Institute of Management in Ahmedabad, and a BSc in Physics from Madras University. She has lived and worked in India, China, Nigeria, France, Italy, Poland, and Brazil.
About H.B. Fuller:
Since 1887, H.B. Fuller has been a leading global adhesives provider focusing on perfecting adhesives, sealants, and other specialty chemical products to improve products and lives. With fiscal 2020 net revenue of $2.8 billion, H.B. Fuller’s commitment to innovation brings together people, products and processes that answer and solve some of the world’s biggest challenges. Our reliable, responsive service creates lasting, rewarding connections with customers in electronics, disposable hygiene, health and beauty, transportation and infrastructure, aerospace, new energy, packaging, construction, woodworking, general industries, and other consumer businesses. And, our promise to our people connects them with opportunities to innovate and thrive. For more information, visit us at hbfuller.com.
What is the significance of Dr. Srilata Zaheer's election to H.B. Fuller’s board?
Dr. Zaheer's election is significant as she brings expertise in international business strategy and strong networks in key growth markets like China and India, aiding H.B. Fuller's growth.
When will Dr. Zaheer officially join H.B. Fuller's board?
Dr. Zaheer will officially join H.B. Fuller’s board on April 6, 2022.
What committees will Dr. Zaheer serve on at H.B. Fuller?
Dr. Zaheer will serve on both the Audit Committee and the Compensation Committee of H.B. Fuller's board.
How might Dr. Zaheer's experience impact H.B. Fuller's ESG efforts?
Dr. Zaheer has a deep understanding of developing corporate social responsibility strategies, which could enhance H.B. Fuller's environmental, social, and governance efforts.
