Methode Electronics Appoints Jon DeGaynor as President and CEO

Company Announcement - Methode Electronics, Inc. announced the appointment of Jon DeGaynor as President and CEO effective July 15, 2024, succeeding interim CEO Kevin Nystrom [1][3] - The company will release its fourth quarter results for the period ended April 27, 2024, on July 11, 2024, before the market opens [5] Leadership Background - Jon DeGaynor has a 35-year career in engineered-products businesses, previously serving as President and CEO of Stoneridge, Inc. from 2015 to 2023, where he led a strategic shift towards being a systems provider [2][4] - DeGaynor's experience includes roles at Guardian Industries Corp. and SRG Global, Inc., focusing on strategic planning, innovation, and business development [4] Strategic Focus - DeGaynor aims to restore profitability and strengthen the company's foundation while continuing the review of operations, costs, and portfolio [3] - The Board of Directors expressed confidence in DeGaynor's ability to guide the company towards profitability and growth [3]