CINCINNATI, Ohio — LSI Industries Inc. announced the election, effective June 17, 2020, of Chantel Lenard to the Board of Directors. Lenard will serve on the company’s Audit and Compensation Committees. LSI also announced that John Morgan will not be standing for re-election to the Board of Directors at the November 2020 Annual Shareholders Meeting.
Lenard has been a lecturer in marketing at the University of Michigan Ross School of Business since 2017. She retired from Ford Motor Company in 2017 where she served in various positions in her 25-year career. Her most recent position with Ford was Executive Director of U.S. Marketing from 2013 to 2017 after living in Shanghai and serving as Ford’s Vice President of Marketing for Asia Pacific and Africa from 2010 to 2013. Lenard holds a bachelor’s degree in industrial engineering from Purdue University and a master’s degree in business administration from Harvard University. She has served on the boards of TTM Technologies, Inc. since October 2018 and Uni-Select Inc. since May 2020.
Bill O’Gara, Chairman of the Board, commented, “We are delighted to have Chantel join the LSI Board, particularly given her vast experience in marketing. Chantel’s marketing perspective and extensive leadership skills will serve the LSI Board well.”
The Company also announced that John Morgan, due to time constraints, has decided not to seek re-election to the Board of Directors at the November 2020 Annual Meeting of Shareholders. Morgan has served on the Board of Directors since 2016 and serves as Chairman of the Compensation Committee and is a member of the Audit Committee.
O’Gara commented, “We have been very fortunate to have John Morgan serve as an integral part of our Board. John has been devoted to the success of LSI and we understand the time commitments he has and appreciate his staying on the Board until the November Shareholders Meeting.”
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