Kimball Electronics Celebrates Retirement of Don Charron, Chairman and CEO, and Welcomes Incoming Chief Executive Officer, Ric Phillips, by Ringing the Closing Bell at Nasdaq
01 March 2023 - 08:57AM
Business Wire
Kimball Electronics, Inc. (Nasdaq: KE) today announced the
Company celebrated the retirement of long-standing Chairman and
CEO, Donald D. Charron, and welcomed incoming Chief Executive
Officer, Richard D. Phillips, with a market closing bell ceremony
at Nasdaq on Wednesday, February 22, 2023.
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Don Charron, Ric Phillips, Bob Phillippy
and the Kimball Electronics Leadership Team at Nasdaq on February
22, 2023 - Photography courtesy of Nasdaq, Inc.
Commenting on the event, Mr. Charron stated, “I was thrilled
with the opportunity to celebrate my retirement by ringing the
closing bell. Since the spinoff from our parent company, Kimball
International, in 2014, Nasdaq has been a great partner, and we
look forward to that continuing. Kimball Electronics has a strong
company culture, formed and shaped by our Guiding Principles, and a
rich history of growth dating back over 60 years when we started
building the electronics for musical organs. Today, we support
critical applications in the Automotive, Medical, and Industrial
end markets. In my 24 years serving the Company, I have never seen
a brighter future for Kimball Electronics. With a strong leadership
team, Board of Directors, and very capable incoming CEO in Ric, I
look forward to the Company’s success as a Share Owner and retired
executive.”
As previously announced, Mr. Charron will be retiring from
Kimball Electronics on February 28, 2023, and Mr. Phillips, an
accomplished executive and transformational leader across
manufacturing, distribution, industrial, consumer, and healthcare,
will join Kimball Electronics on March 1, as Chief Executive
Officer and a Director. In addition, Lead Independent Director,
Robert J. Phillippy, a member of the Kimball Electronics Board
since 2018, will become the Company’s non-executive
Chairperson.
In response to today’s announcement, Mr. Phillips said, “I want
to congratulate Don on his incredible leadership of the Company and
legacy in the EMS industry. He has been a tremendous partner during
this transition, and I am excited to join Kimball Electronics, a
company with a strong culture and foundation. We have a great
opportunity to build on the momentum of growth and value creation
that has been established, and I can’t wait to work with our people
all over the world to write the next chapter of success for the
Company.”
About Kimball Electronics,
Inc.
Kimball Electronics is a multifaceted manufacturing solutions
provider of electronics and diversified contract manufacturing
services to customers around the world. From our operations in the
United States, China, India, Japan, Mexico, Poland, Romania,
Thailand, and Vietnam, our teams are proud to provide manufacturing
services for a variety of industries. Recognized for a reputation
of excellence, we are committed to a high-performance culture that
values personal and organizational commitment to quality,
reliability, value, speed, and ethical behavior. Kimball
Electronics, Inc. (Nasdaq: KE) is headquartered in Jasper,
Indiana.
To learn more about Kimball Electronics, visit:
www.kimballelectronics.com.
Lasting relationships. Global
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Andrew D. Regrut Vice President, Investor Relations 812.827.4151
Investor.Relations@kimballelectronics.com
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