June 4, 2020: EnerSys announced on May 27 the appointment of Caroline Chan and Steven Fludder, to its board of directors as Class I directors. The appointment was to follow immediately after the annual meeting of stockholders provisionally scheduled for July 30.
At the same time long-standing board members John Lehman and Dennis Marlo — both of whom joined as directors after the firm’s initial public offering in 2004 —will retire. EnerSys’ corporate governance guidelines provide that no director may stand for re-election after the age of 75.
Their ‘leadership and collaboration with the board and management contribution to EnerSys’ was fulsomely acknowledged by Arthur Katsaros, non-executive chairman and David Shaffer, president and chief executive officer.
Shaffer welcomed the new directors and said: “Caroline’s extensive background in wireless technology and 5G network solutions and Steve’s experience in smart energy storage solutions and the electric grid will provide varied and essential depth of experience to our board.”
Full year-end (March 31) figures for EnerSys were released on June 1. They showed sales of $3,088 million for fiscal year 2020. This compares with $2,808 million for 2019.