Raven Announces Leadership Changes to Accelerate Execution of Company’s Growth Strategy
October 06 2020 - 4:00PM
Business Wire
Leadership Structure to Enhance Strategic
Continuity and Execution
Raven Industries, Inc. (the Company; NASDAQ:RAVN) announced
today it is making key leadership changes as part of the Company’s
continued strategy to drive greater growth and to further position
the Company for long-term success.
Last year, the Company launched a bold expansion of its strategy
by significantly increasing its investments in targeted areas,
including Raven Autonomy™ and Raven Composites™. The Company has
been executing on this bold plan for nearly a year with much
success, despite the backdrop of a pandemic crisis.
“I’ve never been more confident about our current and future
position within our selected markets,” said Raven President &
CEO Dan Rykhus. “We have the right technology, the right resources,
and the right talent.”
He went on to say, “We are reorganizing senior executives
because our future is strong, and we believe we are at the start of
a significant growth trajectory for our organization. By making
these changes, we are placing ourselves in the best position to
execute and capitalize on the opportunities before us.”
Raven announced the following changes to the executive
leadership team:
- Steven Brazones, current Chief Financial Officer, will become
Vice President for Applied Technology. In his tenure at Raven,
Brazones has successfully led several strategic undertakings —
including the acquisitions of Smart Ag® and DOT® Technology,
strategic partnership building and enterprise strategic planning —
which are key elements of Applied Technology’s growth strategy.
“Steven is the ideal senior executive to lead Applied Technology
and our significant growth plans for Raven Autonomy,” added
Rykhus.
- Brian Meyer, current Vice President of Applied Technology, will
become Vice President for Engineered Films. Meyer began leading
Applied Technology in 2015 when the Ag market was in a sharp
downturn. During his time, Meyer improved quality, streamlined
manufacturing and enhanced customer service and relationship
building with key customers. Under his leadership, Applied
Technology grew revenue over the past five years by $40M. “Brian is
steadfast in his approach to drive optimal results, despite any
unchangeable external factors. It’s this same execution and passion
that he’ll bring to Engineered Films and the execution of its
strategic plan,” concluded Rykhus.
The Company will begin its search for a new CFO immediately. All
leadership changes will be effective February 1, 2021, the start of
the company’s fiscal year.
About Raven Industries, Inc.
Raven Industries (NASDAQ: RAVN) is dedicated to providing
innovative, high-value products and solutions that solve great
challenges throughout the world. Raven is a leader in precision
agriculture, high-performance specialty films, and aerospace and
defense solutions. Since 1956, Raven has designed, produced, and
delivered exceptional solutions, earning the company a reputation
for innovation, product quality, high performance, and unmatched
service. For more information, visit http://ravenind.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20201006006018/en/
Lisa McElrath, Communications Manager Raven Industries +1 (605)
336-2750 lisa.mcelrath@ravenind.com
Jared Stearns, Investor Relations Manager Raven Industries +1
(605) 336-2750 jared.stearns@ravenind.com
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