Applied Industrial Technologies Elects Two New Board Members
August 13 2019 - 8:21AM
Business Wire
Applied Industrial Technologies (NYSE: AIT) today announced that
Madhuri A. Andrews, Senior Vice President, Chief Digital and
Information Officer of Jacobs Engineering Group Inc., and Mary Dean
Hall, Senior Vice President, Chief Financial Officer and Treasurer
of Quaker Houghton, have been elected to its Board of
Directors.
“We are very pleased to welcome Madhuri and Mary as new Board
members,” said Peter C. Wallace, the Company’s Chairman. “Together,
they bring a wealth of experience and a strong track record of
success that will further complement Applied’s boardroom.”
Neil A. Schrimsher, President & Chief Executive Officer,
added, “Our new Directors are accomplished executives who will be
an asset to our Board, our governance, and the future of Applied.
We look forward to their insight and contributions as we continue
to execute our profitable growth strategies and enhance value for
all stakeholders.”
Andrews, 52, brings significant leadership in both information
technologies and digital strategies. At Jacobs Engineering Group,
Madhuri is focused on integrating digital capabilities internally
and externally in client solutions to enhance business agility and
operational excellence. NYSE-listed Jacobs Engineering provides
technical, professional, and construction services, as well as
scientific and specialty consulting, to a broad range of clients
globally. Her background includes more than 20 years of business
and IT leadership, including CIO positions at DynCorp
International, CompuCom Systems, and Trinity Industries. Andrews
holds a Bachelor of Science degree in mathematics from St.
Stephen’s College in Delhi, India, and a Bachelor of Science degree
in aerospace and mechanical engineering from Northrop University in
Los Angeles. She also completed the Executive Business Management
Program at the University of Texas.
Hall, 62, brings extensive leadership in finance, treasury, and
risk management. Serving in her current role at Quaker Houghton
since 2015, she is responsible for the oversight and management of
all finance, corporate development, tax, internal audit, risk and
IR activities. Quaker Houghton (formerly Quaker Chemical
Corporation) is a NYSE-listed provider of industrial process fluids
to the primary metals and metalworking markets. Her career spans
more than 30 years and includes numerous senior financial,
treasury, and banking roles, including positions at Eastman
Chemical Company, Nalco Chemical Company, and Citibank. Hall holds
a Bachelor of Arts degree in management science / operations
research from the University of California at San Diego and an MBA
from UCLA.
Andrews and Hall join the Board ahead of the planned October
2019 retirements of Dr. Jerry Sue Thornton and Edith Kelly-Green,
who have served for 25 and 17 years, respectively. “We extend our
sincere appreciation to Jerry Sue and Edith for their meaningful
contributions and dedication to Applied,” said Schrimsher.
Following these appointments and retirements, the Applied Board
will remain at nine Directors, eight of whom are independent,
including the Chairman.
About Applied®
Founded in 1923, Applied Industrial Technologies is a leading
distributor of bearings, power transmission products, engineered
fluid power components and systems, specialty flow control
solutions, and other industrial supplies, serving MRO and OEM
customers in virtually every industry. In addition, Applied
provides engineering, design and systems integration for industrial
and fluid power applications, as well as customized mechanical,
fabricated rubber, fluid power, and flow control shop services.
Applied also offers storeroom services and inventory management
solutions that provide added value to its customers. For more
information, visit www.applied.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20190813005417/en/
Ryan D. Cieslak Director – Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
Julie A. Kho Manager – Corporate Communications & Media
Relations 216-426-4483 / jkho@applied.com
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