Applied Industrial Technologies Elects New Board Member
August 11 2022 - 4:15PM
Business Wire
Applied Industrial Technologies (NYSE: AIT) today announced that
Shelly M. Chadwick, Vice President, Finance and Chief Financial
Officer of Materion Corporation (NYSE: MTRN), has been elected to
its Board of Directors.
“We are very pleased to announce the addition of Shelly as a new
independent director to the Applied board,” said Peter C. Wallace,
the Company’s Chairman. “Her successful track record encompasses
more than 20 years of driving strong financial and operational
results, including leading transformational projects.”
Neil A. Schrimsher, President & Chief Executive Officer,
added, “Shelly joins us at an exciting time for the Company, as we
near our centennial celebration and continue to execute our
profitable growth strategies for enhanced value to all
stakeholders. We look forward to benefiting from her perspective
and experience that will complement and enhance our
governance.”
Chadwick, 50, is responsible for driving profitable growth and
sound investment decisions, as well as leading all aspects of the
finance, procurement and investor relations functions at Materion –
a high-tech solutions provider of performance alloys, advanced
materials, and precision optics. Prior to Materion, she served as
Vice President of Finance and Chief Accounting Officer at The
Timken Company. Her credentials also include financial leadership
positions at ECKART America and Noveon, Inc. She holds a Bachelor
of Science degree in business management from Westfield State
University and an MBA in finance from Anna Maria College. Chadwick
also serves on several nonprofit boards.
Following Chadwick’s appointment to a term that expires in 2024,
the Applied board is now comprised of nine Directors, of which
eight are independent, including the Chairman.
About Applied® Applied Industrial Technologies is a
leading value-added distributor and technical solutions provider of
industrial motion, fluid power, flow control, automation
technologies, and related maintenance supplies. Our leading brands,
specialized services, and comprehensive knowledge serve MRO and OEM
end users in virtually all industrial markets through our
multi-channel capabilities that provide choice, convenience, and
expertise. For more information, visit www.applied.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20220811005680/en/
Ryan D. Cieslak Director – Investor Relations & Treasury
216-426-4887 / rcieslak@applied.com
Julie A. Kho Manager – Corporate Communications & Public
Relations 216-426-4483 / jkho@applied.com
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