WEST WARWICK, R.I.--(BUSINESS WIRE)--AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, today announced that it has appointed Yvonne E. Schlaeppi to the AstroNova Board of Directors as a new independent director, effective immediately. The appointment follows the decisions by directors Graeme MacLetchie and Everett V. Pizzuti to retire from the AstroNova Board, effective immediately. Ms. Schlaeppi will stand for election at the Company’s 2018 Annual Meeting of Shareholders.
Ms. Schlaeppi, 58, has significant global business experience and has served as general counsel at leading international corporations, including in the printing solutions and manufacturing industries. Ms. Schlaeppi is a seasoned executive with a focus on business development, M&A, strategic planning, compliance, corporate governance and board processes. She is an independent director of publicly listed Stallergenes Greer plc, and serves on its Audit and Nominating and Compensation Committees. She is also a Managing Partner at Stratevise, an international strategic advisory firm.
“We are very pleased to have someone of Yvonne’s caliber join the AstroNova Board as a new independent director,” said Greg Woods, AstroNova’s President and Chief Executive Officer. “Yvonne brings important, relevant skills and significant expertise in areas of critical importance to AstroNova, which we expect will prove valuable as we execute on our long-term strategic growth initiatives. We look forward to the addition of Yvonne’s significant international and relevant industry experience and strategic breadth as we continue to drive the transformation of our business. With this outstanding addition, our highly qualified and experienced Board will be well-suited to oversee the Company’s growth and drive meaningful value for all shareholders.”
Ms. Schlaeppi has been named to the Board’s Nominating and Audit Committees. Adding Ms. Schlaeppi’s corporate governance expertise on the Nominating Committee will continue the ongoing enhancement of the Board’s governance. Furthermore, as a growing global enterprise, AstroNova will benefit notably from Ms. Schlaeppi’s Audit Committee and international business background.
Mr. Woods added, “On behalf of the entire Board, we would like to express our sincere gratitude to Graeme and Everett for their many years of outstanding service, dedicated leadership and countless contributions to AstroNova. Graeme and Everett were instrumental in the Company’s evolution and success and we wish them the best in their retirements.”
With these changes, the AstroNova Board is comprised of six directors, four of whom are independent, and two of whom have joined the Board within the past five months.
About Yvonne E. Schlaeppi
Ms. Schlaeppi is a Managing Partner and Co-Founder of Stratevise, an international strategic advisory firm with clients that range from start-ups to large global companies. Prior to Stratevise, Ms. Schlaeppi served as General Counsel at Global Enterprise Technologies, Passport & ID, a high-security document printing solutions provider and systems integrator. She also held the roles of Executive Vice President, General Counsel and Corporate IP Officer at Organon BioSciences, a global pharmaceutical, animal health and biotech group. Ms. Schlaeppi was partner and chair of the international practice at Palmer & Dodge and prior to that, General Counsel Europe at Johnson Controls. She began her career as an international corporate attorney at Baker & McKenzie New York and Zurich. Currently, Ms. Schlaeppi serves as a director and member of the Audit and Nominating and Compensation Committees at Stallergenes Greer plc. Ms. Schlaeppi was recognized as a Board Leadership Fellow by the National Association of Corporate Directors (NACD) in 2017. Ms. Schlaeppi received her J.D. from Columbia University and B.A. from Princeton University, the Woodrow Wilson School of Public & International Affairs.
AstroNova, Inc. (NASDAQ: ALOT), a global leader in data visualization technologies, designs, manufactures, distributes and services a broad range of products that acquire, store, analyze and present data in multiple formats. The Product Identification segment offers a variety of hardware and software products and associated supplies that allow customers to mark, track and enhance the appearance of their products. The segment’s two business units are QuickLabel®, the industry leader in tabletop digital color label printing and TrojanLabel™, a leader in the light-production color label press and specialty printer markets. The Test and Measurement segment includes the Test & Measurement business unit, which offers a suite of products and services that acquire, record and analyze electronic signal data from local and networked sensors. The segment also includes the Aerospace business unit, which makes printers, networking hardware and related accessories. These products are used in the aircraft flight deck to print flight plans, navigation information and performance data and in the aircraft cabin to print maintenance data, receipts and passenger manifests. AstroNova is a member of the Russell Microcap® Index and the LD Micro Index (INDEXNYSEGIS: LDMICRO). Additional information is available by visiting www.astronovainc.com.
Information included in this news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not statements of historical fact, but rather reflect our current expectations concerning future events and results. These statements may include the use of the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “continues,” “may,” “will,” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning the Company’s expectations regarding the enhancement of the Board’s governance policies and procedures and its anticipated performance in fiscal 2019, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. These risks, uncertainties, and factors include, but are not limited to, those factors set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended January 31, 2017 and subsequent filings AstroNova makes with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The reader is cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this news release.