Littelfuse Announces CFO Transition Plan
Littelfuse (NASDAQ: LFUS) announced that Executive Vice President and Chief Financial Officer Meenal Sethna will step down from her role after ten years of leadership. She will remain with the company through September 1, 2025, to ensure a smooth transition.
The company has initiated a formal search for its next CFO. According to CEO Dr. Greg Henderson, Sethna's leadership since 2015 has been important to the company's growth and profitability expansion, leaving Littelfuse well-positioned with financial strength for its next growth phase.
The company emphasized that this leadership change is not related to any matters concerning the company's financials, operations, policies, or practices. Littelfuse operates across more than 20 countries with approximately 16,000 global associates, serving over 100,000 end customers in industrial, transportation, and electronics markets.
Littelfuse (NASDAQ: LFUS) ha annunciato che il Vicepresidente Esecutivo e Direttore Finanziario Meenal Sethna si dimetterà dal suo ruolo dopo dieci anni di leadership. Rimarrà con l'azienda fino al 1 settembre 2025 per garantire una transizione fluida.
L'azienda ha avviato una ricerca formale per il suo prossimo CFO. Secondo il CEO Dr. Greg Henderson, la leadership di Sethna dal 2015 è stata fondamentale per la crescita e l'espansione della redditività dell'azienda, lasciando Littelfuse ben posizionata con una solidità finanziaria per la sua prossima fase di crescita.
L'azienda ha sottolineato che questo cambiamento di leadership non è correlato a questioni riguardanti le finanze, le operazioni, le politiche o le pratiche aziendali. Littelfuse opera in oltre 20 paesi con circa 16.000 collaboratori globali, servendo oltre 100.000 clienti finali nei mercati industriali, dei trasporti e dell'elettronica.
Littelfuse (NASDAQ: LFUS) anunció que la Vicepresidenta Ejecutiva y Directora Financiera Meenal Sethna renunciará a su cargo después de diez años de liderazgo. Permanecerá en la empresa hasta el 1 de septiembre de 2025 para asegurar una transición fluida.
La empresa ha iniciado una búsqueda formal para su próximo CFO. Según el CEO Dr. Greg Henderson, el liderazgo de Sethna desde 2015 ha sido importante para el crecimiento y la expansión de la rentabilidad de la empresa, dejando a Littelfuse bien posicionada con fortaleza financiera para su próxima fase de crecimiento.
La empresa enfatizó que este cambio de liderazgo no está relacionado con ningún asunto concerniente a las finanzas, operaciones, políticas o prácticas de la empresa. Littelfuse opera en más de 20 países con aproximadamente 16,000 asociados globales, sirviendo a más de 100,000 clientes finales en los mercados industriales, de transporte y de electrónica.
리틀퓨즈 (NASDAQ: LFUS)는 최고재무책임자(CFO)인 미널 세스나가 10년의 리더십을 마치고 직책에서 물러날 것이라고 발표했습니다. 그녀는 원활한 전환을 보장하기 위해 2025년 9월 1일까지 회사에 남아 있을 것입니다.
회사는 차기 CFO를 위한 공식적인 검색을 시작했습니다. CEO인 그렉 헨더슨 박사에 따르면, 2015년 이후 세스나의 리더십은 회사의 성장과 수익성 확장에 중요한 역할을 했으며, 리틀퓨즈는 다음 성장 단계에 대한 재정적 강점을 잘 갖추고 있습니다.
회사는 이번 리더십 변화가 회사의 재무, 운영, 정책 또는 관행과 관련이 없다고 강조했습니다. 리틀퓨즈는 20개 이상의 국가에서 약 16,000명의 글로벌 직원과 함께 운영되며, 산업, 운송 및 전자 시장에서 100,000명 이상의 최종 고객에게 서비스를 제공합니다.
Littelfuse (NASDAQ: LFUS) a annoncé que la Vice-Présidente Exécutive et Directrice Financière Meenal Sethna quittera son poste après dix ans de leadership. Elle restera dans l'entreprise jusqu'au 1er septembre 2025 pour assurer une transition en douceur.
L'entreprise a lancé une recherche formelle pour son prochain CFO. Selon le PDG Dr. Greg Henderson, le leadership de Sethna depuis 2015 a été important pour la croissance et l'expansion de la rentabilité de l'entreprise, laissant Littelfuse bien positionnée avec une solidité financière pour sa prochaine phase de croissance.
L'entreprise a souligné que ce changement de leadership n'est pas lié à des questions concernant les finances, les opérations, les politiques ou les pratiques de l'entreprise. Littelfuse opère dans plus de 20 pays avec environ 16 000 collaborateurs dans le monde, servant plus de 100 000 clients finaux dans les marchés industriels, des transports et de l'électronique.
Littelfuse (NASDAQ: LFUS) gab bekannt, dass die Executive Vice President und Chief Financial Officer Meenal Sethna nach zehn Jahren in der Führungsposition zurücktreten wird. Sie wird bis zum 1. September 2025 im Unternehmen bleiben, um einen reibungslosen Übergang zu gewährleisten.
Das Unternehmen hat eine formelle Suche nach seinem nächsten CFO eingeleitet. Laut CEO Dr. Greg Henderson war Sethnas Führung seit 2015 entscheidend für das Wachstum und die Rentabilität des Unternehmens, sodass Littelfuse gut positioniert ist, um in die nächste Wachstumsphase zu starten.
Das Unternehmen betonte, dass dieser Führungswechsel nicht mit finanziellen, betrieblichen, politischen oder praktischen Angelegenheiten des Unternehmens zusammenhängt. Littelfuse ist in mehr als 20 Ländern tätig und beschäftigt etwa 16.000 Mitarbeiter weltweit, die über 100.000 Endkunden in den Bereichen Industrie, Transport und Elektronik bedienen.
- Company maintains strong financial position and flexibility for growth
- Planned 18-month transition period ensures operational continuity
- No underlying financial or operational issues prompting the change
- Loss of experienced CFO who led 10 years of growth and profitability expansion
- Potential temporary leadership gap during transition period
- Meenal Sethna to step down as CFO
- Company commences formal CFO search
Dr. Greg Henderson, Littelfuse President & CEO, commented, “Since joining Littelfuse in 2015, Meenal’s leadership and contributions have been essential to the company’s growth and profitability expansion. As a result of her strategic guidance, Littelfuse is well positioned with the financial strength and flexibility to fuel the company’s next growth phase. I would like to thank Meenal for her unwavering commitment to Littelfuse, our global teams and our shareholders. I look forward to partnering with her during the transition, and we wish her well in her future endeavors.”
“It has been an honor to serve as Littelfuse CFO and collaborate with our outstanding leadership team,” Ms. Sethna said. “Littelfuse has exceptional people and I want to thank our talented and passionate team members around the world for all that we have accomplished together. With Littelfuse well positioned to deliver strong growth and profitability expansion going forward, I believe the time is right for me to transition to the next phase of my career.”
This leadership change is not the result of any matters relating to the Company’s financials, operations, policies or practices. Littelfuse has commenced a formal search to identify the Company’s next CFO.
About Littelfuse
Littelfuse, Inc. (NASDAQ: LFUS) is a diversified, industrial technology manufacturing company empowering a sustainable, connected, and safer world. Across more than 20 countries, and with approximately 16,000 global associates, we partner with customers to design and deliver innovative, reliable solutions. Serving over 100,000 end customers, our products are found in a variety of industrial, transportation, and electronics end markets–everywhere, every day. Learn more at Littelfuse.com.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20250409371863/en/
David Kelley
224-727-2535
dkelley@littelfuse.com
Source: Littelfuse, Inc.
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