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Rogers Announces Changes to Board of Directors

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Rogers Corporation (NYSE: ROG) announced the appointment of Donna M. Costello as an independent member of the Company’s Board of Directors and the retirement of Ganesh Moorthy from the Board. The Board now consists of nine members, eight of whom are independent. Ms. Costello brings extensive executive-level financial expertise and nearly two decades of experience at global technology and specialty materials companies. The company expresses excitement about her contributions and insights to deliver long-term shareholder value.
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Donna Costello appointed Director; Ganesh Moorthy retired from Board

CHANDLER, Ariz.--(BUSINESS WIRE)-- Rogers Corporation (NYSE: ROG) (“Rogers”) announced today that it has appointed Donna M. Costello as an independent member of the Company’s Board of Directors and as a member of the Board’s Audit Committee, effective January 13, 2024. Ms. Costello replaces Ganesh Moorthy, who has stepped down from the Company’s Board following more than ten years of service. Following these changes, the Board continues to be composed of nine members, eight of whom are independent.

“We are excited to welcome Donna to the Rogers Board. She brings extensive executive-level financial expertise and nearly two decades of experience at global technology and specialty materials companies,” said Peter Wallace, Chair of the Board. “We look forward to Donna’s contributions and insights as we continue to execute our strategy to deliver long-term shareholder value.”

Mr. Wallace added: “On behalf of the entire Board, I’d like to thank Ganesh for his leadership and the impact he had on Rogers during his tenure. The Company has benefited greatly from his contributions over the years.”

About Donna Costello

Ms. Costello has extensive experience in corporate finance, technical financial management, risk management and audit. She most recently served as Chief Financial Officer of C&D Technologies, Inc., a global leader in energy storage solutions and services for the telecommunications, utility, uninterruptible power supply, cable, broadband, and renewable energy markets. Previously, she served as CFO and Vice President as well as Controller and Chief Accounting Officer at Sequa Corporation, which, through its subsidiary Chromalloy, is a global technology company and a leading solutions provider for aircraft engines and gas turbines. Earlier in her career, Ms. Costello held the role of Senior Manager with Arthur Andersen, LLP.

Ms. Costello currently serves on the Board of CTS Corporation. She previously served on the Board of Neenah, Inc., a global manufacturer of specialty materials, as Chair of the Audit Committee and as a member of the Compensation Committee. She also served on the Board of Horizon Global Corporation, a towing and trailering equipment producer, as a member of the Audit Committee.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide. For more information, visit www.rogerscorp.com.

Safe Harbor Statement

Statements included in this release that are not a description of historical facts are forward-looking statements. Words or phrases such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would” or similar expressions are intended to identify forward-looking statements, and are based on Rogers’ current beliefs and expectations. This release contains forward-looking statements regarding our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from those indicated by the forward-looking statements. For additional information about the risks, uncertainties, and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.

Media:

Amy Kweder

Senior Director, Corporate Communications

Phone: 480.203.0058

Email: amy.kweder@rogerscorporation.com



Investors:

Steve Haymore

Senior Director, Investor Relations

Phone: 480.917.6026

Email: stephen.haymore@rogerscorporation.com

Source: Rogers Corporation

FAQ

Who was appointed as an independent member of Rogers Corporation's Board of Directors?

Donna M. Costello was appointed as an independent member of Rogers Corporation's Board of Directors.

What is the ticker symbol for Rogers Corporation?

The ticker symbol for Rogers Corporation is ROG.

Who retired from the Board of Rogers Corporation?

Ganesh Moorthy retired from the Board of Rogers Corporation.

How many members are on the Board of Rogers Corporation?

The Board of Rogers Corporation consists of nine members, eight of whom are independent.

When was Donna M. Costello appointed to the Board of Rogers Corporation?

Donna M. Costello was appointed to the Board of Rogers Corporation effective January 13, 2024.

Rogers Corporation

NYSE:ROG

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Electronic Components
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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United States of America
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