Knowles Appoints Daniel J. Crowley to its Board of Directors

Rhea-AI Summary

Knowles Corporation (NYSE: KN) has appointed Daniel J. Crowley as an independent director, expanding its Board to nine members. Crowley brings over 38 years of aerospace and defense experience, having served as CEO of Triumph Group since 2016 and previously held senior roles at Raytheon and Lockheed Martin. His expertise is expected to enhance Knowles' focus on higher-value solutions, benefiting shareholder value. Crowley will also join the Compensation Committee of the Board.

Positive

• Daniel J. Crowley's extensive executive experience in aerospace and defense may provide valuable insights for Knowles.
• The addition of Crowley is aimed at enhancing the company's focus on higher value solutions and markets.

Negative

• None.

ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN), a market leader and global provider of advanced micro-acoustic microphones and balanced armature speakers, audio solutions, and high performance capacitors and radio frequency products, today announced the appointment of Daniel J. Crowley as an independent director to the Company’s Board of Directors. His appointment expands the Board to 9 directors.

Mr. Crowley is currently Chairman, President and Chief Executive Officer of Triumph Group, Inc., a global company that designs, engineers, manufactures, repairs and overhauls a broad portfolio of aerospace and defense systems, components and structures. He served as Triumph’s President and Chief Executive Officer and as a director since 2016, and as its Chairman since 2020. Mr. Crowley has over 38 years of experience in the aerospace and defense industry. He previously served as a corporate Vice President and President of Integrated Defense Systems at Raytheon Company from 2013 until 2015, and as President of Network Centric Systems at Raytheon Company from 2010 until 2013. Prior to joining Raytheon Company, Mr. Crowley served as Chief Operating Officer of Lockheed Martin Aeronautics after holding a series of increasingly responsible assignments across its space, electronics, and aeronautics sectors.

“We are delighted to welcome Dan to Knowles’ Board of Directors. His extensive executive experience leading large, global manufacturing and industrial companies and his insights into the defense market will benefit Knowles as we continue to focus on higher value solutions and markets to enhance shareholder value,” said Don Macleod, chairman of the board of Knowles.

Mr. Crowley will also serve as a member of the Compensation Committee of Knowles’ Board of Directors.

About Knowles
Knowles is a market leader and global provider of advanced micro-acoustic microphones and balanced armature speakers, audio solutions, and high performance capacitors and radio frequency (“RF”) products, serving the consumer electronics, medtech, defense, electric vehicle, industrial, and communications markets. Knowles uses its leading position in SiSonic™ micro-electro-mechanical systems ("MEMS") microphones and strong capabilities in audio processing technologies to optimize audio systems and improve the user experience across consumer applications. Knowles is also a leader in hearing health acoustics, high performance capacitors, and RF solutions for a diverse set of markets. Knowles’ focus on the customer, combined with unique technology, proprietary manufacturing techniques, and global operational expertise, enables it to deliver innovative solutions across multiple applications. Founded in 1946 and headquartered in Itasca, Illinois, Knowles is a global organization with employees in over a dozen countries. For more information, visit knowles.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220726005930/en/

Financial Contact:

John Anderson

Knowles Investor Relations

Email: Investorrelations@knowles.com

Source: Knowles Corporation

FAQ

Who is Daniel J. Crowley and what role has he taken at Knowles Corporation?

Daniel J. Crowley has been appointed as an independent director of Knowles Corporation, expanding the Board to nine members.

What experience does Daniel J. Crowley bring to Knowles Corporation?

Crowley brings over 38 years of experience in aerospace and defense, previously serving as CEO of Triumph Group and holding senior positions at Raytheon and Lockheed Martin.

Why is Daniel J. Crowley's appointment significant for Knowles Corporation?

His appointment is significant as his expertise may guide Knowles in focusing on higher-value solutions and improving shareholder value.

What committee will Daniel J. Crowley serve on at Knowles Corporation?

Crowley will also serve as a member of the Compensation Committee of Knowles’ Board of Directors.