Stoneridge Elects Sheila M. Rutt to Board of Directors

Rhea-AI Summary

Stoneridge, Inc. (NYSE: SRI) announced the election of Sheila M. Rutt to its board of directors on March 8, 2023. Rutt, who currently serves as the chief human resources officer at Culligan International, has extensive experience in transforming corporate cultures and aligning talent with business strategies. Her past roles include executive positions at RR Donnelley and Diebold Nixdorf. With Rutt's addition, the board will now consist of 10 members, supporting Stoneridge's ongoing board refreshment plan aimed at accelerating the company's transformation and fostering a performance-based culture.

Positive

• Sheila Rutt's experience in corporate culture transformation is expected to enhance Stoneridge's operational effectiveness.
• The addition of Rutt aligns with the company's board refreshment plan, potentially attracting top talent.

Negative

• None.

NOVI, Mich., March 8, 2023 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI), a leader in highly engineered electrical and electronic components for the automotive, commercial vehicle and, off-highway industries, today announced that Sheila M. Rutt has been elected to its board of directors.

Rutt currently serves as the chief human resources officer of Culligan International, a global water solutions and services company that provides clean and sustainable drinking water for residential, commercial, and industrial consumers.

"Sheila is a recognized leader in structuring transforming organizations, as well as elevating and enhancing a company's corporate culture. Sheila's experience will help us continue to foster a performance-based and inclusive culture focused on accountability and collaboration," said William M. Lasky, chairman of the board, Stoneridge, Inc. "With the addition of Sheila to the Board, we will continue to align the Board's skills and expertise with the Company's transformation and long-term strategy."

Before joining Culligan International, Rutt was executive vice president, chief human resources officer of RR Donnelley, a Fortune 500 global integrated communications company providing marketing solutions, multichannel business communications, commercial printing, and related services.

Previously, Rutt spent 17 years with Diebold Nixdorf Incorporated, serving in a variety of management roles, ultimately rising to the position of chief human resources officer.
Rutt served as the campaign chair for the American Heart Association. She previously served on the United Way of Greater Stark County, Ohio where she was the director and the campaign chair.

Rutt earned a PhD in industrial/organizational psychology from the University of Akron and a master's degree in business administration from Walsh University.

In conjunction with the election of Rutt to the board of directors, the Board size was increased to 10 members. Stoneridge recently announced a continued board refreshment plan to attract the necessary talent to impact and accelerate the Company's transformation.

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

Who is Sheila M. Rutt and what is her role at Stoneridge, Inc.?

Sheila M. Rutt has been elected to the board of directors of Stoneridge, Inc. She is currently the chief human resources officer at Culligan International.

When was Sheila M. Rutt elected to the board of directors of Stoneridge?

Sheila M. Rutt was elected to the board on March 8, 2023.

How many members are currently on the board of Stoneridge, Inc.?

With the election of Sheila M. Rutt, the board size has increased to 10 members.

What is the significance of Sheila Rutt joining Stoneridge's board?

Her experience in transforming corporate cultures may help enhance Stoneridge's performance-driven environment.

What does Stoneridge's board refreshment plan entail?

The board refreshment plan aims to attract necessary talent to impact and accelerate the company's transformation.