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Encore Wire Reports the Appointment of W. Kelvin Walker to the Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
Encore Wire Corporation (NASDAQ: WIRE) announced the appointment of W. Kelvin Walker as a board director effective August 24, 2022. Walker fills the vacancy left by Gregory J. Fisher's resignation and will serve on the Audit, Nominating and Corporate Governance, Sustainability, and Compensation Committees. With a background as CEO of the Dallas Citizens Council and experience at RLJ Equity Partners and 21st Century Group, Walker brings valuable leadership and diversity. CEO Daniel L. Jones expressed enthusiasm for Walker's expected contributions to the company's growth.
Positive
Appointment of W. Kelvin Walker expected to enhance board diversity and leadership.
Walker brings extensive experience in public policy and private equity, potentially strengthening business strategy.
Negative
Resignation of Gregory J. Fisher may raise concerns regarding continuity in leadership.
MCKINNEY, Texas--(BUSINESS WIRE)--
Encore Wire Corporation (NASDAQ Global Select: WIRE) today announced that the Board of Directors has acted unanimously and appointed W. Kelvin Walker as a director of Encore Wire Corporation effective August 24, 2022. The appointment of Mr. Walker is being made to fill the vacancy on the Board caused by the resignation of Gregory J. Fisher. The Board has appointed Mr. Walker to serve on the Audit Committee, the Nominating and Corporate Governance Committee, the Sustainability Committee, and the Compensation Committee.
Mr. Walker has served since March 2019 as Chief Executive Officer of the Dallas Citizens Council, a non-profit organization made up of over 150 chief executive officers and other top business leaders in North Texas that focuses on advancing public policy issues impacting the Dallas area. Prior to joining the Dallas Citizens Council, Mr. Walker served as a Managing Director of RLJ Equity Partners LLC, a private equity fund, from July 2015 to March 2019. Prior to that, he was a Managing Partner of 21st Century Group, LLC, a private equity firm, from January 1999 to June 2015. Mr. Walker currently serves on the board of directors of Oncor Electric Delivery and Reflekt Me, as well as various non-profit organizations.
Commenting on the appointment, Daniel L. Jones, Chairman, President and Chief Executive Officer of Encore Wire Corporation, said, “We are thrilled that Kelvin is joining the Encore Wire Board. He has a long track record of leadership as a distinguished operating executive and will bring valuable experience, diversity, wisdom and leadership that will be immediately accretive to the Encore Wire Board. I look forward to his input as we continue our growth as a company.”
Encore Wire Corporation is a leading manufacturer of a broad range of copper and aluminum electrical wire and cables, supplying power generation and distribution solutions to meet our customers’ needs today and in the future. The Company focuses on maintaining a low-cost of production while providing exceptional customer service, quickly shipping complete orders coast-to-coast. Our products are proudly made in America at our vertically-integrated, single-site, Texas campus.
Bret J. Eckert Chief Financial Officer
972-562-9473
Source: Encore Wire Corporation
FAQ
Who is W. Kelvin Walker appointed to Encore Wire's board of directors?
W. Kelvin Walker was appointed as a director of Encore Wire Corporation effective August 24, 2022.
What committees will W. Kelvin Walker serve on at Encore Wire?
W. Kelvin Walker will serve on the Audit Committee, Nominating and Corporate Governance Committee, Sustainability Committee, and Compensation Committee.
What company did W. Kelvin Walker lead before joining Encore Wire's board?
Before joining Encore Wire, W. Kelvin Walker served as CEO of the Dallas Citizens Council.
What was the reason for W. Kelvin Walker's appointment to Encore Wire's board?
Walker was appointed to fill the vacancy left by the resignation of Gregory J. Fisher.
What impact is expected from W. Kelvin Walker's appointment on Encore Wire?
Walker is expected to bring valuable experience and leadership that could positively influence Encore Wire's growth.
