CINCINNATI — LSI Industries Inc. announced the appointment of James (Jim) A. Clark as President and Chief Executive Officer effective November 1, 2018.
Wilfred (Bill) T. O’Gara, Chairman, commented, “We are very pleased to welcome Jim to LSI as our President and CEO. Jim’s track record of driving transformative growth by providing customers with innovative solutions and services makes him the right leader for LSI. His experience in leading and capitalizing on changing market environments driven by technology and increasing end-user expectations will be extremely valuable moving forward. We look forward to his leadership as the Company continues to align its unique lighting, graphics and technology capabilities around key vertical markets and customers. The Board is confident that Jim will accelerate profitable growth and generate long-term shareholder value.”
Clark most recently served as President and Chief Executive Officer of Alliance Tire Americas Inc., a manufacturer and distributor of specialty off-the-road tires for use in agriculture, construction and specialty markets, from 2014 to 2018, leading it through four years of double-digit organic growth. The improved performance was instrumental in enabling KKR to sell Alliance Tire Group to Yokohama Rubber Company for $1.2 billion. Prior to that, Jim served as Corporate Vice President of Strategy and Business Development for Rexel, a worldwide distributor of electrical, data, fire, lighting and energy services. Previously he held executive-level roles at Verint Systems, United Technologies Corporation, and GE Company.
Clark commented, “I am excited to join LSI, a company which has a rich history of successfully serving several key markets. LSI has a strong reputation in the marketplace, a sound financial position and a talented team of employees. It is an exciting time for the lighting and graphics markets and I see significant potential to move the Company forward in a new phase of growth. We will further develop our target market strategies and execute by delivering products, services and technology solutions that exceed customer expectations and that enable us to win in the marketplace.”
O’Gara also commented, “The Board extends its appreciation and thanks to Ron Brown and Crawford Lipsey, who have served since April as Interim Chief Executive Officer and Interim Chief Operating Officer, respectively.” Concurrent with the hiring of Clark on November 1, Brown will step down from his current role. Brown is a nominee for election to the Board of Directors at the Company’s November 6, 2018 Annual Shareholder Meeting. Lipsey will continue in his role during a transitional period.
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