Knowles Appoints Jason Cardew to its Board of Directors

Rhea-AI Summary

Knowles (NYSE: KN), a global supplier of high-performance components and solutions, has appointed Jason Cardew to its Board of Directors.

Cardew, with over 30 years of experience at Lear , will expand the Board to 10 directors.

Currently serving as Lear's Senior VP and CFO, Cardew brings extensive executive, financial, and leadership experience.

He will also join Knowles' Audit Committee.

Chairman Don Macleod emphasized the value of Cardew's automotive OEM market insights in enhancing shareholder value.

Positive

• Appointment of Jason Cardew, an experienced executive, strengthens the Board with financial and leadership expertise.
• Cardew's experience in the automotive OEM market can provide valuable insights for strategic decisions.
• Expansion of the Board to 10 directors indicates growth and a more diverse decision-making body.
• Cardew's role on the Audit Committee can enhance financial oversight and governance.

Negative

• No immediate financial impact or performance improvement is guaranteed with the new appointment.
• Potential risks associated with integrating a new member into the Board dynamics could arise.
• The company's focus on higher value solutions and markets is ambitious but may face implementation challenges.

ITASCA, Ill.--(BUSINESS WIRE)-- Knowles Corporation (NYSE: KN), a leading global supplier of high performance components and solutions, including capacitors and radio frequency (“RF”) filters, advanced medtech microphones and balanced armature speakers, and MEMS microphones for the consumer electronics market, today announced the appointment of Jason Cardew as an independent director to the Company’s Board of Directors. His appointment expands the Board to 10 directors.

Mr. Cardew has over 30 years of experience at Lear Corporation, a global automotive technology leader in seating and electrical distribution systems and related electronics components, where he currently serves as Senior Vice President and Chief Financial Officer, a position he has held since 2019. As Chief Financial Officer, he is responsible for Lear's global financial strategy and financial activities and also oversees Lear’s information technology function worldwide. Prior to his current role, Mr. Cardew held various operational and commercial finance leadership positions at Lear, including serving as Vice President, Finance – Seating and E-Systems from 2018 to 2019; Vice President, Finance – Seating, from 2012 to 2018; Interim Chief Financial Officer, from 2011 to 2012; and Vice President, Financial, Planning and Analysis, from 2010 to 2011.

“We are delighted to welcome Jason to Knowles’ Board of Directors. His extensive executive, financial and leadership experience at a large, global manufacturer such as Lear Corporation and his insights into the automotive OEM 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. Cardew will also serve as a member of the Audit Committee of Knowles’ Board of Directors.

About Knowles

Knowles is a market leader and global provider of high performance capacitors and radio frequency ("RF") filtering products, and advanced micro-acoustic microphones and balanced armature speakers, audio solutions, serving the medtech, defense, consumer electronics, electric vehicle, industrial, and communications markets. Knowles' focus on the customer, combined with unique technology, proprietary manufacturing techniques, and global operational expertise, enables us 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. The Company continues to invest in high value solutions to diversify its revenue and increase exposure to high growth markets. For more information, visit knowles.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240618016793/en/

Financial Contact:

Sarah Cook

Knowles Investor Relations

Email: Investorrelations@knowles.com

Source: Knowles Corporation

FAQ

Who is the new independent director appointed to Knowles' Board of Directors?

Knowles has appointed Jason Cardew as the new independent director.

What is Jason Cardew's current role before joining Knowles?

Jason Cardew is the Senior Vice President and Chief Financial Officer at Lear

How many directors are on Knowles' Board after Jason Cardew's appointment?

The appointment of Jason Cardew expands Knowles' Board of Directors to 10 members.

What experience does Jason Cardew bring to Knowles' Board of Directors?

Jason Cardew brings over 30 years of executive, financial, and leadership experience from Lear

What committee will Jason Cardew join at Knowles?

Jason Cardew will serve as a member of the Audit Committee at Knowles.

How does Knowles' Chairman view Jason Cardew's appointment?

Chairman Don Macleod believes Cardew's insights into the automotive OEM market will enhance shareholder value.