– USA, OH – LSI Industries Inc.(NASDAQ:LYTS) today announced the appointment of Robert A. Steele (Rob), to the Board of Directors. In 2011, Mr. Steele retired from Procter & Gamble as the company’s Vice Chairman Health Care. During his 35-year tenure with Procter & Gamble, he served in a variety of executive leadership positions, including Vice Chairman Global Health and Well-being, Group President Global Household Care, and Group President of North American Operations. Mr. Steele, 61 years old, is a board member of Keurig/Green Mountain Coffee, where he serves on its Audit and Finance Committee and its Compensation and Organizational Development Committee. Mr. Steele has also served on the board of Berry Plastics Group since 2014, where he is a member of its Nominating & Corporate Governance Committee. Mr. Steele was previously a member of the Board of Directors of Beam Inc. and Kellogg Company. Mr. Steele holds a Bachelor’s Degree in Economics from the College of Wooster and an M.B.A. from Cleveland State University.
Dennis W. Wells, Chief Executive Officer and President, commented, “On behalf of the entire LSI team, I want to extend my sincerest appreciation and gratitude to both Denny Meyer and Mark Serrianne for their dedicated service and valuable contributions over many years. The Company has gone through significant changes during the past two years as we position LSI for future growth, and both Denny and Mark have provided invaluable guidance during this period. I wish them a well-earned, fulfilling retirement.”
Dennis further commented, “I am pleased to welcome Rob Steele to the LSI Board of Directors. I am very impressed with the breadth of management experience that Rob has amassed during his very successful career at Procter & Gamble. This background well-positions Rob to provide meaningful insight to LSI as we continue to mature and grow as a company, and I look forward to gaining the benefit of his contributions going forward. In addition, and as part of our program to maintain and build a strong Board, during the fourth quarter of fiscal 2016 we appointed John K. Morgan to the LSI Board of Directors. John previously served as Chairman, President and CEO of Zep Inc. from October 2007 until his retirement in June 2015. Prior to joining Zep, he held several positions at Acuity Brands from 2001 through 2007, including Executive Vice President and CEO of Acuity Specialty Products. We are already benefiting from his knowledge, as well as his extensive experience in the lighting industry.”
About the Company
We are a customer-centric company that positions itself as a value-added, trusted partner in developing superior image solutions through our world-class lighting, graphics, and technology capabilities. Our core strategy of “Lighting + Graphics + Technology = Complete Image Solutions” differentiates us from our competitors.
We are committed to advancing solid-state LED technology to make affordable, high performance, energy-efficient lighting and custom graphic products that bring value to our customers. We have a vast offering of innovative solutions for virtually any lighting or graphics application. In addition, we provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we provide a full range of design support, engineering, installation and project management services to our customers.
We are a vertically integrated U.S.-based manufacturer concentrating on serving customers in North America and Latin America. Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail. Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, California, Kansas, Kentucky, New York, North Carolina, Oregon, Rhode Island and Texas. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.
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