AUSTIN, Texas, March 19, 2020 /PRNewswire/ -- Resideo
Technologies, Inc. (NYSE: REZI), a leading global provider
of home comfort and security solutions, today announced the
appointment of Cynthia Hostetler as
a new member of its Board of Directors.
Hostetler has more than 20 years of leadership experience
managing large investment funds, allocating capital for businesses
– including restructuring and mergers and acquisitions transactions
– and overseeing governance and regulatory compliance.
Previously, Hostetler served as president and board member of
First Manhattan Bancorporation, a regional bank holding company
based in Kansas, where she led a
three-year turnaround to rebuild the business, and ultimately, sold
it in an all-cash transaction at a significant premium to the
market. After spending several years at First Manhattan, Hostetler
was appointed to be the head of investment funds and private equity
for the Overseas Private Investment Corporation (now the U.S.
International Development Finance Corporation). Hostetler served in
this role as a presidential appointee from 2001-2009.
An experienced board member, Hostetler currently serves on the
boards of Invesco Funds, Vulcan Materials Company and TriLinc
Global Impact Fund. She previously served on the boards of Genesee
Wyoming Railroad, Aberdeen Investment Funds and Edgen Group.
"Ms. Hostetler brings unparalleled leadership experience in
investment management and deep expertise in institutional investor
issues and environmental, social and governance standards to the
Resideo Board of Directors," said Andy
Teich, lead independent director for Resideo. "She will help
the board and Resideo leadership continue to drive consistent,
profitable growth and create long-term shareholder value."
About Resideo
Resideo is a leading global provider of
critical comfort and security solutions primarily in residential
environments and distributor of low-voltage electronic and security
products. Building on a 130-year heritage, Resideo has a presence
in more than 150 million homes, with 15 million systems installed
in homes each year. We continue to serve more than 110,000
professionals through leading distributors, including our ADI
Global Distribution business, which exports to more than 100
countries from more than 200 stocking locations around the world.
Resideo is a $4.8 billion company
with approximately 13,000 global employees. For more information
about Resideo, please visit www.resideo.com.
Contacts
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Media:
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Investors:
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Annalise
Helms
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Matt
Giordano
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(763)
777-4334
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(516)
577-7932
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annalise.helms@resideo.com
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investorrelations@resideo.com
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SOURCE Resideo Technologies, Inc.