EnerSys Announces Changes to Board of Directors

Enersys (NYSE: ENS) has announced changes to its board of directors following the 2024 annual meeting. Arthur T. Katsaros, the independent non-executive chair of the board, will retire, and Paul J. Tufano will assume the role of independent non-executive chair. General Robert Magnus, USMC (retired), will also retire from the board, while Hwan-Yoon F. Chung will depart from the board. In anticipation of these retirements, the board has nominated Dave Habiger, the CEO of JD Power, and Lauren Knausenberger, the Executive Vice President and Chief Innovation Officer of SAIC, to join the board as Class II director nominees for election at the 2024 annual meeting.

Arthur T. Katsaros, General Robert Magnus, and Hwan-Yoon F. Chung have all made significant contributions during their respective tenures of 19, 16, and 18 years of service on the board. They have played instrumental roles in Enersys's success and governance excellence.

The company has recognized the need for new board members to enhance its execution of strategy. Dave Habiger and Lauren Knausenberger bring extensive experience in data analytics, cloud-based software, security solutions, technology, digital modernization, and cybersecurity, which are expected to further strengthen the board.

Enersys is a global leader in stored energy solutions for industrial applications, providing energy systems solutions, motive power batteries, specialty batteries, battery chargers, power equipment, and outdoor equipment enclosure solutions to customers worldwide through its four lines of business: energy systems, motive power, specialty, and new ventures.

The company's commitment to sustainability includes minimizing its environmental footprint, and its products facilitate positive environmental, social, and economic impacts globally.

Enersys expects the changes to its board of directors to be effective immediately following the 2024 annual meeting. More comprehensive information about each director nominee will be available in Enersys's 2024 proxy statement, expected to be published later in June. As a result of these announcements, the company's shares have moved 0.9% on the market, and are now trading at a price of $106.38. Check out the company's full 8-K submission here.

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