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HNI Corporation (NYSE: HNI) has announced the election of Patrick D. Hallinan to its Board of Directors. Hallinan, currently the CFO of Fortune Brands Home & Security, brings over 30 years of financial and strategic expertise. His experience in finance and management is expected to enhance HNI's focus on long-term profitable growth. With this addition, HNI's Board now consists of ten directors, including nine independent members.
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Patrick D. Hallinan's financial leadership experience may enhance HNI's strategic direction.
Hallinan's background in finance and management is aligned with HNI's growth objectives.
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MUSCATINE, Iowa--(BUSINESS WIRE)--
HNI Corporation (NYSE: HNI) announced the election of Patrick D. Hallinan to the Corporation’s Board of Directors.
Mr. Hallinan is the Senior Vice President and Chief Financial Officer of Fortune Brands Home & Security Inc., an industry-leading home and security products company. Prior to taking the role of CFO in 2017, Mr. Hallinan served as Senior Vice President, Finance, and in other finance and business roles at Fortune Brands. Mr. Hallinan brings to the Board expertise in finance, strategy, and general management developed over a 30-year career. He will join the Board’s Audit Committee.
“We are delighted to welcome Pat to our Board of Directors,” said Jeff Lorenger, Chairman, President, and Chief Executive Officer, HNI Corporation. “He has deep financial leadership experience, and also brings impressive strategic business management skills that will add tremendous value to HNI as we continue to pursue our strategies focused on long-term profitable growth.”
“I’m excited and honored to join the Board of Directors of HNI Corporation,” said Pat Hallinan. “I look forward to engaging with the other Board members and the Corporation’s leadership.”
Following Mr. Hallinan’s election, the Board of Directors of HNI has ten directors – nine independent outside directors and the Chief Executive Officer of the Corporation.
About HNI Corporation
HNI Corporation (NYSE: HNI) is a manufacturer of workplace furnishings and residential building products, operating under two segments. The Workplace Furnishings segment is a leading global designer and provider of commercial furnishings, going to market under multiple unique brands. The Residential Building Products segment is the nation's leading manufacturer and marketer of hearth products, which include a full array of gas, electric, wood, and pellet-burning fireplaces, inserts, stoves, facings, and accessories. More information can be found on the Corporation's website at www.hnicorp.com.
Marshall H. Bridges, Senior Vice President and Chief Financial Officer (563) 272-7400
Matthew S. McCall, Vice President, Investor Relations and Corporate Development (563) 275-8898
Source: HNI Corporation
FAQ
Who is Patrick D. Hallinan in relation to HNI Corporation?
Patrick D. Hallinan has been elected to the Board of Directors of HNI Corporation, bringing significant financial and strategic expertise.
What is HNI Corporation’s stock symbol?
HNI Corporation's stock symbol is HNI, listed on the NYSE.
What experience does Patrick D. Hallinan bring to the HNI Board?
Hallinan brings over 30 years of experience in finance and strategic business management, previously serving as CFO at Fortune Brands Home & Security.
How many directors are on HNI's Board after Hallinan's election?
After Hallinan's election, HNI's Board consists of ten directors, including nine independent outside directors.
Why is Patrick D. Hallinan's election important for HNI Corporation?
Hallinan's election is significant as it enhances the Board's financial oversight and strategic guidance, supporting HNI's goals for long-term growth.
