LSI Industries Inc. Announces Board Appointments
2019年1月29日 - 12:46AM
LSI Industries Inc. (NASDAQ: LYTS) today announced
the appointments, effective January 23, 2019, of Amy L. Hanson and
James A. Clark to the Board of Directors. LSI also announced
that James P. Sferra and Gary P. Kreider retired from the Board,
effective January 23, 2019.
Ms. Hanson served as Executive Vice President
and Corporate Officer with Macy’s, Inc. from 2008 until her
retirement in April 2016. During that period in her career,
she had responsibility for Macy’s consumer credit and services
division, omni-channel support, non-merchandise procurement,
general financial services, real estate strategy and property
development. She enjoyed an accomplished career with Macy’s
starting in 1983 and held various positions of increasing
responsibility, including her 2002 appointment to President of MCCS
Group, Macy’s consumer credit and services division, and her 2006
promotion to Vice Chair and director of stores for Macy’s
North. Ms. Hanson led Macy’s transition teams through several
major organizational and operational integrations during Macy’s
acquisitions and structure transformations during her career.
Ms. Hanson is a certified public accountant and has been appointed
Chair of LSI’s Audit Committee. Ms. Hanson is CEO of Amy
Hanson Advisory Services, providing consulting services on general
retail strategy, consumer insight and services, real estate,
technology and private label credit strategies. She also
serves on the boards of Messer, Inc. and Switch, Inc. Ms.
Hanson is actively involved in numerous Cincinnati community
service organizations, including the Cincinnati Art Museum Board of
Trustees.
The Board also appointed James A. Clark as a
member of the Board of Directors. Mr. Clark has served as
President and Chief Executive Officer of the Company since November
1, 2018.
Bill O’Gara, Chairman of the Board, commented,
“We are delighted to have Amy join the LSI Board, particularly
given the relevance of her experience in the retail environment.
Amy’s retail perspective, extensive leadership and finance
expertise will serve the Board well. We are also pleased to add Jim
Clark to the Board and are confident in his leadership ability to
move LSI into a sustained period of higher growth and
profitability.”
The Company also announced that James P. Sferra
and Gary P. Kreider have retired from the Board of Directors.
Mr. Sferra was one of the founders of LSI and has been a member of
the Board of Directors since 1976. He served in a variety of
leadership and executive manufacturing roles during his long career
with LSI until his retirement in March 2015. Mr. Kreider
joined the LSI Board in 2002 and served as Chairman from November
2014 to August 2018. He was a senior partner with the
Cincinnati law firm of Keating Muething & Klekamp and has
maintained an affiliation with the firm following his retirement in
2005.
Mr. O’Gara commented, “We have been very
fortunate to have Jim Sferra and Gary Kreider serve as integral
parts of our Board. Jim is one of the Company founders and
his vision, passion and determination helped grow LSI to its market
prominence today. We are very pleased to name our Cincinnati
assembly facility the Jim Sferra Founders Hall. We also
appreciate the many years of outstanding service that Gary Kreider
provided to the Board. As the previous Chairman of the Board,
Gary’s insight, counsel and advice have proven invaluable over his
tenure. We wish them all the best for a long and happy
retirement.”
About the Company
LSI Industries Inc. is a U.S.-based designer, manufacturer and
marketer of lighting, graphics and technology solutions for both
indoor and outdoor applications. The Company is a leader in
the primary markets it serves including petroleum, automotive,
quick serve restaurants, grocery, banking, retail, renovation,
parking and warehousing. Products are marketed throughout
North America by a network of independent sales representatives and
distributors, as well as through national accounts. LSI
partners with its customers to provide a full range of design
support, engineering, installation and project management
services. Headquartered in Blue Ash, Ohio, LSI currently
employs over 1,200 employees and operates eight facilities
throughout the U.S. The Company’s common shares are traded on
the NASDAQ Global Select Market under the symbol LYTS.
Additional information can be found on the Investor Relations page
at www.lsi-industries.com.
Forward-Looking Statements
For details on the uncertainties that may cause
our actual results to be materially different than those expressed
in our forward-looking statements, visit
http://www.lsi-industries.com/fls as well as our Annual Reports on
Form 10-K and Quarterly Reports on Form 10-Q which contain risk
factors.
For further information,
contact: Jim Galeese, Executive Vice President and Chief
Financial Officer at (513) 793-3200.
Additional note: Today’s news
release, along with past releases from LSI Industries, are
available on the Company’s internet site at www.lsi-industries.com
or by calling the Investor Relations Department at (513)
793-3200.
CONTACT: JIM
GALEESE(513) 793-3200
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/4ba91d5f-fbca-4025-a663-c8f03ea594b6
http://www.globenewswire.com/NewsRoom/AttachmentNg/6251fc8b-1230-4ed9-a186-aa703330f737
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