HNI Corporation Elects New Director
HNI (NYSE: HNI) has elected David Roberts to its Board of Directors. Roberts, President and CEO of Verra Mobility since 2018, brings 30 years of expertise in technology, innovation, finance, and strategic management. He will serve on the Public Policy and Corporate Governance Committee.
HNI's Chairman, President, and CEO, Jeff Lorenger, expressed confidence in Roberts' ability to add significant value as the company drives towards long-term profitable growth. The election increases the Board to eleven members, including ten independent directors and the CEO.
HNI manufactures workplace furnishings and residential building products. The company operates through two segments: Workplace Furnishings and Residential Building Products. HNI is a market leader with a strong portfolio of brands.
- David Roberts brings 30 years of expertise in technology, innovation, finance, and strategic management.
- Roberts' election can enhance HNI's long-term profitable growth through his leadership and strategic insights.
- Potential concerns about continuity and experience gaps as Roberts transitions into his new role.
Mr. Roberts is the President and Chief Executive Officer, since 2018, of Verra Mobility Corporation (VRRM), a global leader in smart mobility technologies. He joined Verra Mobility in 2014 as its Chief Operating Officer. Mr. Roberts brings to the Board expertise in technology, innovation, finance, entrepreneurship, strategy, and general management developed over a 30-year career. He will join the Board’s Public Policy and Corporate Governance Committee.
“We are delighted to welcome David to our Board of Directors,” said Jeff Lorenger, Chairman, President, and Chief Executive Officer, HNI Corporation. “He has deep technology and innovation 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 am excited and honored to join the Board of Directors of HNI Corporation. HNI’s recent momentum is impressive, and I look forward to engaging with the other Board members and the Corporation’s leadership as we continue this growth journey,” said Mr. Roberts.
Following Mr. Robert’s election, the Board of Directors of HNI has eleven directors – ten independent outside directors and the Chief Executive Officer of the Corporation.
About HNI Corporation
HNI Corporation (NYSE: HNI) has been improving where people live, work, and gather for more than 75 years. 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.
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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
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