Methode Electronics, Inc. Announces CFO Change
March 12 2018 - 8:26PM
Methode Electronics, Inc. (NYSE:MEI), a global developer of custom
engineered and application specific products and solutions,
announced Vice President and Chief Financial Officer John Hrudicka
has left the Company effective today to pursue other opportunities.
Ronald Tsoumas, currently Methode’s controller and treasurer, has
been promoted to succeed Hrudicka.
Tsoumas, a 34-year veteran of the Company, most recently served
as the Company's corporate controller and treasurer since July
2007. Tsoumas will oversee the company's global finance and
corporate development functions.
"I am pleased to announce Ron’s well-deserved promotion to chief
financial officer," said President and CEO Donald Duda. "Ron has
done an outstanding job in his role as controller for the past 11
years, and with his deep understanding of our business, he is well
suited to lead our finance team as CFO. Ron’s broad-based
experience gives him a solid platform to ensure a smooth transition
of executive leadership. I would like to thank John for his
contributions during his tenure as chief financial officer and wish
him well in all of his future endeavors.”
Tsoumas has worked in several financial management roles at the
Company, including corporate controller and treasurer, assistant
corporate controller, global segment controller and business unit
controller. Tsoumas is a certified public accountant and earned a
Bachelor’s of Science degree in accounting and finance from Eastern
Illinois University, a Master’s degree in Accountancy from
Roosevelt University and a Master of Business Administration in
corporate finance, business strategy and corporate business law
from Keller Graduate School of Management.
About Methode Electronics, Inc.Methode
Electronics, Inc. (NYSE:MEI) is a global developer of custom
engineered and application specific products and solutions with
manufacturing, design and testing facilities in Belgium, Canada,
China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico,
Singapore, Switzerland, the United Kingdom and the United States.
We design, manufacture and market devices employing electrical,
electronic, wireless, safety radio remote control, sensing and
optical technologies to control and convey signals through sensors,
interconnections and controls. Our business is managed on a segment
basis, with those segments being Automotive, Interface, Power
Products and Other. Our components are in the primary end markets
of the automobile, computer, information processing and networking
equipment, voice and data communication systems, consumer
electronics, appliances, aerospace vehicles and industrial
equipment industries. Further information can be found on Methode's
Web site www.methode.com.
For Methode Electronics, Inc.:Kristine Walczak,
Dresner Corporate Services, 312-780-7205,
kwalczak@dresnerco.com
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