ADT Appoints Suzanne Yoon to the Company’s Board of Directors

Rhea-AI Summary

ADT Inc. (NYSE: ADT), a leader in smart home and small business security, has appointed Suzanne Yoon to its Board of Directors as an additional independent director. Yoon brings extensive experience in finance and value creation to the role. She is the founder and managing partner of Kinzie Capital Partners, a Chicago-based private equity firm, and serves as Chair of its Investment and Management Committees.

Prior to founding Kinzie in 2017, Yoon held senior positions at Versa Capital Management, CIT Group, and LaSalle Bank/ABN AMRO. She is also a current member and former Chair of the National Philanthropic Trust Board of Trustees, which manages approximately $40 billion in assets. Additionally, Yoon is a member of the inaugural Women's Advisory Board for the Chicago Bears.

Positive

• Appointment of an experienced financial expert to the Board of Directors
• Addition of an independent director, potentially improving corporate governance
• New board member brings expertise in value creation and operational excellence

Negative

• None.

News Market Reaction

+0.54%

1 alert

+0.54% News Effect

On the day this news was published, ADT gained 0.54%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BOCA RATON, Fla., Aug. 21, 2024 (GLOBE NEWSWIRE) -- ADT Inc. (NYSE: ADT), the most trusted brand in smart home and small business security, today announced the appointment of Suzanne Yoon to the Company’s Board of Directors as an additional independent director.

“We are pleased to welcome Suzanne to our board of directors,” said ADT Chairman, President and CEO, Jim DeVries. “She brings a wealth of experience, financial expertise and a deep understanding of value creation. Suzanne has a strong commitment to innovation and operational excellence, making her the perfect addition to our board.”

Yoon is the founder and managing partner of Kinzie Capital Partners, a Chicago-based private equity firm. In 2017, she launched Kinzie and currently serves as the Chair of its Investment and Management Committees. Prior to founding Kinzie, Yoon held senior roles at Versa Capital Management, CIT Group and LaSalle Bank/ABN AMRO. She is a current member and former Chair of the National Philanthropic Trust Board of Trustees, the largest independent donor advised fund manager in the world with approximately $40 billion under management and is a member of the first-ever Women’s Advisory Board for the Chicago Bears.

About ADT Inc. 

ADT provides safe, smart and sustainable solutions for people, homes and small businesses. Through innovative offerings, unrivaled safety and a premium customer experience, all delivered by the largest network of smart home security professionals in the U.S., we empower people to protect and connect to what matters most.

Investor Relations:	Media Relations:
investorrelations@adt.com	media@adt.com
Tel: 888-238-8525

FAQ

Who is the new board member appointed to ADT's Board of Directors?

Suzanne Yoon, founder and managing partner of Kinzie Capital Partners, has been appointed as an additional independent director to ADT's Board of Directors.

What is Suzanne Yoon's background and experience?

Suzanne Yoon is the founder of Kinzie Capital Partners, a private equity firm. She has held senior roles at Versa Capital Management, CIT Group, and LaSalle Bank/ABN AMRO. She's also involved with the National Philanthropic Trust and the Chicago Bears' Women's Advisory Board.

How might Suzanne Yoon's appointment impact ADT (NYSE: ADT)?

Yoon's appointment is expected to bring financial expertise, experience in value creation, and a commitment to innovation and operational excellence to ADT's board, potentially benefiting the company's strategic direction and governance.

When was Suzanne Yoon appointed to ADT's Board of Directors?

The appointment of Suzanne Yoon to ADT's Board of Directors was announced on August 21, 2024.