MSA Safety Board Elects Nish Vartanian Non-Executive Chairman; Steve Blanco Assumes President and CEO Role

Rhea-AI Summary

MSA Safety, Inc. announced the election of Nishan J. Vartanian as Non-Executive Chairman of the Board, following his retirement as CEO. Steven C. Blanco has taken over as President and CEO. MSA Safety is a global leader in safety products, with 2023 revenues of $1.8 billion.

Positive

• MSA Safety demonstrates continuity and planned succession in leadership with the election of Nishan J. Vartanian as Non-Executive Chairman and Steven C. Blanco as President and CEO.

• Steven C. Blanco's extensive experience at MSA Safety since 2012, including his role as President and Chief Operating Officer, positions him well for the CEO role.

• MSA Safety's focus on safety innovation since 1914 and its strong presence in diverse end markets highlight its commitment to protecting workers and creating sustainable shareholder value.

Negative

• The retirement of Nishan J. Vartanian as full-time CEO may lead to a period of adjustment in MSA Safety's leadership as Steven C. Blanco assumes the role.

• The change in leadership could potentially impact the company's strategic direction and decision-making processes in the near term.

PITTSBURGH, May 13, 2024 /PRNewswire/ -- The Board of Directors of MSA Safety, Inc. (NYSE: MSA), a global leader in the development of advanced safety products and solutions that help protect people and facility infrastructures, on May 10th elected Nishan J. Vartanian Non-Executive Chairman of the Board. Mr. Vartanian's election follows his previously announced plans to retire as MSA Safety's Chief Executive Officer, but to remain on the company's board. Mr. Vartanian will retire as a full-time employee at the end of the month, having served as CEO since 2018 and Chairman since 2020.

Also on May 10^th, as part of a planned management succession announced on February 22, 2024, Steven C. Blanco has assumed the position of President and Chief Executive Officer of the company.  Mr. Blanco becomes the 10th CEO in MSA's 110-year history. He has been with MSA Safety since 2012, most recently serving as President and Chief Operating Officer.

About MSA Safety 

MSA Safety Incorporated (NYSE: MSA) is the global leader in advanced safety products, technologies and solutions. Driven by its singular mission of safety, the Company has been at the forefront of safety innovation since 1914, protecting workers and facility infrastructure around the world across a broad range of diverse end markets while creating sustainable value for shareholders. With 2023 revenues of $1.8 billion, MSA Safety is headquartered in Cranberry Township, Pennsylvania and employs a team of over 5,100 associates across its more than 40 international locations. For more information, please visit www.MSASafety.com.

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SOURCE MSA Safety

FAQ

Who is the new Non-Executive Chairman of the Board at MSA Safety?

Nishan J. Vartanian is the new Non-Executive Chairman of the Board at MSA Safety.

Who is the new President and CEO of MSA Safety?

Steven C. Blanco has assumed the position of President and Chief Executive Officer at MSA Safety.

What is MSA Safety's stock symbol?

MSA Safety's stock symbol is MSA.

When did Nishan J. Vartanian retire as CEO of MSA Safety?

Nishan J. Vartanian retired as CEO of MSA Safety on May 10th, 2024.

Where is MSA Safety headquartered?

MSA Safety is headquartered in Cranberry Township, Pennsylvania.

What were MSA Safety's revenues in 2023?

MSA Safety reported revenues of $1.8 billion in 2023.