Kimball Electronics Announces Retirement of Chief Financial Officer Mike Sergesketter; Appoints Jana Croom as Successor
April 29 2021 - 4:23PM
Kimball Electronics, Inc. (Nasdaq: KE) today announced that Vice
President and Chief Financial Officer, Michael K. Sergesketter,
will be retiring at the end of the fiscal year on June 30, 2021.
Mr. Sergesketter, who has been in the role since 1996, will be
succeeded by Jana Croom, the company’s Vice President of Finance.
“It is with mixed emotions we say farewell to
our friend and colleague, Mike Sergesketter,” said Donald D.
Charron, Chairman and Chief Executive Officer of Kimball
Electronics. “Mike has been a trusted partner for decades, and his
leadership and in-depth knowledge of our business will be sorely
missed. On behalf of our Board of Directors and the entire company,
I want to extend our sincere gratitude and appreciation to Mike for
his dedication and service. We wish him the very best, he will
always be a valued member of the Kimball Electronics family.”
In response to his retirement announcement, Mr.
Sergesketter stated, “I want to thank Don, the leadership team, and
the entire Kimball Electronics organization for the support and
friendship over the last 40 years. I have been very fortunate to
serve the company and the Dubois County community throughout my
career, and I am leaving with friendships and memories that will
last a lifetime. I congratulate Jana on her new role. In a short
period of time, Jana’s insights and fresh perspective have made a
meaningful impact on our team. I look forward to working with her
to ensure a smooth transition for the business.”
With more than 20 years of experience in various
areas of finance, Ms. Croom joined Kimball Electronics in January
2021 from NiSource Inc., one of the largest fully regulated utility
companies in the United States. Her background includes strategic
enterprise planning, leading a geographically diverse workforce,
building effective teams and driving continuous improvement, along
with a passion to support others in the community. She is a
graduate of the College of Wooster and earned a Master’s degree in
Business Administration from the Fisher College of Business at The
Ohio State University. Ms. Croom also completed the Emerging
Leaders Program from the Ross School of Business at the University
of Michigan and was a cohort graduate of the McKinsey & Co.
Black Executive Leadership Program.
Mr. Charron continued, “We are fortunate to have
a leader of Jana’s caliber ready to assume the reins for this key
position. Jana’s experience in financial management, strategy, and
operations make her an ideal fit to move our organization
forward.”
Commenting on her new role at Kimball
Electronics, Ms. Croom said, “I am very excited about the
opportunity to take over for Mike as CFO. Kimball Electronics has a
distinguished history, a talented team, and a promising future with
a strong company culture and a purpose of Creating Quality for
Life. I look forward to working alongside Don and the other members
of the leadership team to drive growth and enhance shareholder
value.”
As previously announced, Kimball Electronics
will report the results from the third quarter of fiscal 2021 on
Wednesday, May 5, 2021, after the closing of the market. The
company will hold a conference call and live webcast to review the
results on Thursday, May 6, 2021, at 10:00 a.m. Eastern Time.
Details of the conference call and live webcast are available on
the Investor Relations page of the Kimball Electronics website.
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
success.
CONTACTS:Adam W. SmithTreasurerAndy RegrutHead of Investor
RelationsTelephone: 812.634.4000E-mail:
Investor.Relations@kimballelectronics.com
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