Lydall Announces Appointment of New President and Chief Executive Officer
October 15 2019 - 9:00AM
Lydall, Inc. (NYSE:LDL) today announced that Sara A. Greenstein has
been appointed President and Chief Executive Officer of Lydall,
Inc., effective November 18, 2019. Ms. Greenstein will
succeed Dale G. Barnhart, who will be retiring after more than 12
years of service with Lydall.
Ms. Greenstein has extensive operational expertise and ability
to lead large, multifaceted global organizations. Since 2015,
she has been a senior executive of United States Steel Corporation
(“U.S. Steel”), an integrated steel producer. Most recently,
Ms. Greenstein led the approximately $4.0 billion global
Consumer Solutions business unit of U.S. Steel, with more than
4,000 employees at eight large operating facilities. Prior to
joining U.S. Steel, Ms. Greenstein served for 12 years in a variety
of senior leadership positions at Underwriters Laboratories, Inc.
(“UL”), a safety science company that provides chemical emissions
certification, multiple listing and private labeling, chemical
testing, environmental claim validation, factory inspection, field
evaluation, and clinical services.
“After conducting a thorough search process, we are delighted to
appoint a chief executive of Sara’s caliber,” said Marc T. Giles,
Chairman of Lydall’s Board of Directors. “Sara’s record of
driving sustainable profitability and creating innovative solutions
in a manufacturing environment makes her ideally suited to serve as
Lydall’s next President and CEO. On behalf of the entire
Board, I’m pleased to welcome Sara and am excited to work closely
with her as we continue to leverage the unique attributes of the
Lydall brand and manufacturing superiority to deliver increased
value to our shareholders.”
“The opportunity to join the Lydall leadership team and serve
alongside more than 3,300 talented Lydall employees worldwide as
the Company’s next President and CEO is a great honor,” said
Ms. Greenstein. “Lydall is synonymous with quality and
continuous innovation and improvement, that brings value to
customers around the world. I am confident that we are
well-positioned to drive long-term profitable growth for the
benefit of Lydall’s employees, customers, and shareholders.”
Ms. Greenstein currently serves as a member of the Board of
Directors of Briggs & Stratton Corporation, the leading
manufacturer of small engines, pressure washers, and power
generation for lawn and garden turf care, and is a member of Briggs
& Stratton’s Finance Committee and Nominating & Governance
Committee.
“We are pleased that Dale Barnhart will stay on through the
balance of 2019 and into 2020 to provide support for a smooth
transition,” Mr. Giles concluded. “On behalf of the
entire Board of Directors, our employees, and our shareholders, I
would like to thank Dale for his more than 12 years of
service.”
Lydall, Inc. is a New York Stock Exchange listed company,
headquartered in Manchester, Connecticut with global manufacturing
operations producing specialty engineered products for the
thermal/acoustical and filtration/separation markets. For more
information, visit http://www.lydall.com. Lydall® is a
registered trademark of Lydall, Inc. in the U.S. and other
countries.
For further information:
Brendan Moynihan
Vice President, Financial Planning
and Investor Relations
Telephone 860-646-1233
Facsimile 860-646-4917
info@lydall.com
www.lydall.com
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