Methode Electronics’ Board of Directors Names New Chairman of the Board
Methode Electronics, Inc. (NYSE: MEI), a global supplier of custom-engineered solutions, has announced a planned transition in its Board leadership. Mark Schwabero has been appointed as the new Chairman of the Board, succeeding Walter Aspatore, who is retiring after 16 years of service. Schwabero, previously appointed as Vice Chairman in May 2024, has been a director at Methode since 2019. He brings valuable experience from his former role as Chairman, CEO, and Director of Brunswick , a recreational marine products company, from 2016 to 2018. This transition marks a significant change in Methode's leadership structure, potentially influencing the company's future direction and strategy.
Methode Electronics, Inc. (NYSE: MEI), un fornitore globale di soluzioni ingegnerizzate su misura, ha annunciato una transizione pianificata nella leadership del suo Consiglio di Amministrazione. Mark Schwabero è stato nominato nuovo Presidente del Consiglio, succedendo a Walter Aspatore, che va in pensione dopo 16 anni di servizio. Schwabero, precedentemente nominato Vice Presidente a maggio 2024, è stato direttore in Methode dal 2019. Porta con sé un'esperienza preziosa dal suo precedente ruolo di Presidente, CEO e Direttore di Brunswick, un'azienda di prodotti marini ricreativi, dal 2016 al 2018. Questa transizione segna un cambiamento significativo nella struttura dirigenziale di Methode, influenzando potenzialmente la direzione futura e la strategia dell'azienda.
Methode Electronics, Inc. (NYSE: MEI), un proveedor global de soluciones personalizadas, ha anunciado una transición planificada en la dirección de su Junta. Mark Schwabero ha sido nombrado nuevo Presidente de la Junta, sucediendo a Walter Aspatore, quien se retira después de 16 años de servicio. Schwabero, que fue nombrado Vicepresidente en mayo de 2024, ha sido director en Methode desde 2019. Aporta una valiosa experiencia de su anterior cargo como Presidente, CEO y Director de Brunswick, una empresa de productos marinos recreativos, desde 2016 hasta 2018. Esta transición marca un cambio significativo en la estructura de liderazgo de Methode, lo que podría influir en la dirección futura y la estrategia de la empresa.
메소드 전자, 주식회사(Methode Electronics, Inc.)(NYSE: MEI)는 맞춤형 솔루션을 제공하는 글로벌 공급업체로서 예정된 전환을 이사회 리더십에 발표했습니다. 마크 슈바베로가 새로운 이사회 의장으로 임명되어 16년 간의 서비스 끝에 은퇴하는 월터 아스파토레를 대신하게 되었습니다. 슈바베로는 2024년 5월에 부회장으로 임명된 바 있으며, 2019년부터 메소드의 이사를 역임해왔습니다. 그는 2016년부터 2018년까지 레크리에이션 해양 제품 회사인 브런즈윅(Brunswick)의 의장, CEO 및 이사로 재직했던 귀중한 경험을 가지고 있습니다. 이번 전환은 메소드의 리더십 구조에 중대한 변화를 가져오며, 이는 회사의 향후 방향성과 전략에 영향을 줄 수 있습니다.
Methode Electronics, Inc. (NYSE: MEI), un fournisseur mondial de solutions sur mesure, a annoncé une transition planifiée dans sa direction du Conseil d'administration. Mark Schwabero a été nommé nouveau Président du Conseil, succédant à Walter Aspatore, qui prend sa retraite après 16 ans de service. Schwabero, précédemment nommé Vice-Président en mai 2024, est directeur chez Methode depuis 2019. Il apporte une expérience précieuse de son précédent rôle en tant que Président, PDG et Directeur de Brunswick, une entreprise de produits marins récréatifs, de 2016 à 2018. Cette transition marque un changement significatif dans la structure de direction de Methode, pouvant influencer l'orientation future et la stratégie de l'entreprise.
Methode Electronics, Inc. (NYSE: MEI), ein globaler Anbieter maßgeschneiderter Lösungen, hat eine geplante Übergabe in der Führung seines Vorstands angekündigt. Mark Schwabero wurde zum neuen Vorsitzenden des Vorstands ernannt und folgt auf Walter Aspatore, der nach 16 Jahren im Dienst in den Ruhestand geht. Schwabero, der im Mai 2024 zum stellvertretenden Vorsitzenden ernannt wurde, ist seit 2019 Direktor bei Methode. Er bringt wertvolle Erfahrungen aus seiner früheren Rolle als Vorsitzender, CEO und Direktor von Brunswick, einem Unternehmen für Freizeitmarinenprodukte, mit, das er von 2016 bis 2018 geleitet hat. Diese Übergabe markiert einen bedeutenden Wandel in der Führungsstruktur von Methode und könnte die zukünftige Richtung und Strategie des Unternehmens beeinflussen.
- Planned and orderly transition of Board leadership
- New Chairman has prior experience as CEO of a public company
- Incoming Chairman already familiar with Methode as a director since 2019
- Loss of 16 years of experience with the outgoing Chairman
CHICAGO, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, LED lighting system and power distribution applications, announced today that as part of a planned transition resulting from the retirement of the former Chairman of the Board, Walter Aspatore, the company's Board of Directors has appointed Mark Schwabero as the new chairman of the board.
Mr. Schwabero was previously appointed Methode’s Vice Chairman of the Board in May 2024 and has been a director at the company since 2019. He was formerly Chairman, Chief Executive Officer and Director of Brunswick Corporation, a recreational marine products company, from 2016 to 2018.
Mr. Schwabero commented, "I am privileged to have the opportunity to serve Methode as chairman. Speaking on behalf of Methode, we thank Walter for his 16 years of service to the company and wish him all the best in his retirement."
About Mark Schwabero
Mark Schwabero has served as Vice Chairman of the Board since May 2024. Mr. Schwabero previously served as Chairman, Chief Executive Officer and director of Brunswick Corporation, a recreational marine products company, from 2016 until his retirement in 2018. Prior thereto, Mr. Schwabero served as President and Chief Operating Officer of Brunswick from 2014 to 2016 and as President of its Mercury Marine subsidiary from 2008 to 2014. Mr. Schwabero serves as a director of 1st Source Corporation, parent company of 1st Source Bank. In addition, Mr. Schwabero serves on the Advisory Board of The Ohio State University Center for Automotive Research.
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, LED lighting system, power distribution and sensor applications.
Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.
For Methode Electronics, Inc.
Robert K. Cherry
Vice President Investor Relations
rcherry@methode.com
708-457-4030
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