Stoneridge Announces Board of Director Changes

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Stoneridge (NYSE: SRI) announced changes to its Board of Directors, with two longstanding board members, George S. Mayes, Jr. and Paul J. Schlather, retiring for personal reasons. They will not seek reelection as part of the Company's 2025 Slate of Directors.

The Board has decided to reduce its membership from nine to seven by not filling these vacancies. Mayes, who joined in 2012, served as Chairman of the Compliance and Ethics Committee, while Schlather, a board member since 2009, contributed expertise in financial oversight and corporate governance.

William M. Lasky, Chairman of the Board, expressed gratitude for their dedicated service and contributions to Stoneridge, a global designer and manufacturer of electrical and electronic systems for automotive, commercial, off-highway and agricultural vehicle markets.

NOVI, Mich., March 14, 2025 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced upcoming changes to its Board of Directors. Longstanding board members George S. Mayes, Jr. and Paul J. Schlather will retire from the Board for personal reasons and will not seek reelection as part of the Company's 2025 Slate of Directors. The Board has decided not to fill these vacancies, reducing its membership to seven.

Mayes has served on Stoneridge's Board since 2012, including as Chairman of the Compliance and Ethics Committee. Schlather has been a board member since 2009, bringing extensive expertise in financial oversight and corporate governance.

"We are deeply grateful for George and Paul's years of dedicated service," said William M. Lasky, Chairman of the Board. "Their leadership, insight, and guidance have been instrumental in shaping Stoneridge's success. On behalf of the entire Company, we thank them for their invaluable contributions and wish them the best in their future endeavors."

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at www.stoneridge.com. 

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SOURCE Stoneridge, Inc.

FAQ

When will Stoneridge (SRI) board members George Mayes and Paul Schlather retire?

They will not seek reelection as part of Stoneridge's 2025 Slate of Directors.

How many members will remain on Stoneridge's (SRI) board after the announced changes?

The board will be reduced to seven members, as the company decided not to fill the two vacancies.

What positions did George Mayes hold at Stoneridge (SRI)?

George Mayes served on Stoneridge's Board since 2012 and was Chairman of the Compliance and Ethics Committee.

How long did Paul Schlather serve on Stoneridge's (SRI) board?

Paul Schlather served as a board member since 2009, focusing on financial oversight and corporate governance.