Acuity Brands Appoints Laura O'Shaughnessy to the Board of Directors
Acuity Brands (NYSE: AYI) announced an expansion of its Board of Directors from 11 to 12 members, electing Laura O’Shaughnessy as a Director.
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Rhea-AI Summary
Acuity Brands (NYSE: AYI) announced an expansion of its Board of Directors from 11 to 12 members, electing Laura O’Shaughnessy as a Director. Her term will last until the next annual stockholder meeting. O'Shaughnessy, co-founder and CEO of SocialCode, brings significant expertise in digital advertising and technology. Neil Ashe, CEO, expressed optimism about leveraging her knowledge to advance the company's transformation. Acuity Brands focuses on innovative products and services within the industrial technology sector, emphasizing connected solutions.
Positive
- Laura O'Shaughnessy brings extensive digital knowledge and technology expertise to the Board.
- Her appointment is expected to enhance the company's transformation efforts.
Negative
- Concerns about continuity and experience gaps due to the addition of a new board member.
Details
News Market Reaction – AYI
The recorded move for AYI in the trading session of this news was +7.18%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Atlanta, June 30, 2020 (GLOBE NEWSWIRE) --
Acuity Brands, Inc. (NYSE: AYI) (the “Company”) announced today that the Board of Directors (the “Board”) approved an increase in the size of the Board from 11 to 12 members and elected Laura O’Shaughnessy as a Director for a term that will expire at the Company’s next annual meeting of stockholders.
Ms. O’Shaughnessy is the co-founder and Chief Executive Officer of SocialCode, LLC, a technology company that manages digital and social advertising for leading consumer brands. She previously oversaw business development and product strategy for the Slate Group, an online publisher.
Neil Ashe, President and Chief Executive Officer, commented on behalf of the Board, “We are pleased that Laura has agreed to join the Board and look forward to accessing her digital knowledge and technology expertise as we continue to transform our business.”
About Acuity Brands
Acuity Brands, Inc. (NYSE: AYI) is a market-leading industrial technology company. We design, manufacture, and bring to market innovative products and services that make the world more brilliant, productive, and connected including building management systems, lighting, lighting controls, and location-aware applications. Based in Atlanta, Georgia, with operations across North America, Europe, and Asia, we are powered by approximately 12,000 dedicated and talented associates. Visit us at www.acuitybrands.com.
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Company Contact: Pete Shannin Acuity Brands, Inc. (770) 860-2873
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