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Rogers Corporation Announces Departure of Chief Financial Officer

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Rogers (NYSE: ROG) announced the resignation of CFO Ram Mayampurath, who will remain with the company until September 2024 to ensure a smooth transition. Laura Russell, currently Vice President of Finance, will assume the role of interim CFO effective August 12, 2024. Russell joined Rogers in September 2023 and has previous experience in senior finance roles at Wolfspeed and NXP Semiconductors.

CEO Colin Gouveia expressed gratitude for Mayampurath's contributions over the past 10 years, particularly his efforts in improving profitability and cash flow since becoming CFO in 2021. Rogers has initiated a CFO succession process and will provide updates as appropriate.

Rogers (NYSE: ROG) ha annunciato le dimissioni del CFO Ram Mayampurath, che rimarrà con l'azienda fino a settembre 2024 per garantire una transizione fluida. Laura Russell, attualmente Vice Presidente delle Finanze, assumerà il ruolo di CFO ad interim a partire dal 12 agosto 2024. Russell è entrata in Rogers a settembre 2023 e ha precedenti esperienze in ruoli finanziari senior presso Wolfspeed e NXP Semiconductors.

Il CEO Colin Gouveia ha espresso gratitudine per i contributi di Mayampurath negli ultimi 10 anni, in particolare per i suoi sforzi nel migliorare la redditività e il flusso di cassa da quando è diventato CFO nel 2021. Rogers ha avviato un processo di successione per il CFO e fornirà aggiornamenti come appropriato.

Rogers (NYSE: ROG) anunció la renuncia del CFO Ram Mayampurath, quien permanecerá en la empresa hasta septiembre de 2024 para asegurar una transición sin problemas. Laura Russell, actualmente Vicepresidenta de Finanzas, asumirá el cargo de CFO interino a partir del 12 de agosto de 2024. Russell se unió a Rogers en septiembre de 2023 y tiene experiencia previa en roles financieros senior en Wolfspeed y NXP Semiconductors.

El CEO Colin Gouveia expresó su agradecimiento por las contribuciones de Mayampurath durante los últimos 10 años, especialmente por sus esfuerzos en mejorar la rentabilidad y el flujo de efectivo desde que se convirtió en CFO en 2021. Rogers ha iniciado un proceso de sucesión para el CFO y proporcionará actualizaciones según sea necesario.

로저스 (NYSE: ROG)는 CFO 램 마얌푸라스의 사임을 발표했으며, 그는 원활한 전환을 보장하기 위해 2024년 9월까지 회사에 남아있을 것입니다. 로라 러셀은 현재 재무 부사장으로, 2024년 8월 12일부터 임시 CFO 직을 맡게 됩니다. 러셀은 2023년 9월에 로저스에 합류했으며, 이전에 울프스피드와 NXP 반도체에서 고위 재무 직책의 경험이 있습니다.

CEO 콜린 구베이아는 지난 10년 동안 마얌푸라스의 기여에 감사의 뜻을 표했으며, 특히 2021년 CFO로 취임한 이후 수익성 및 현금 흐름 개선을 위한 그의 노력에 대해 높이 평가했습니다. 로저스는 CFO 후계자 선정 과정을 시작했으며, 필요에 따라 업데이트를 제공할 것입니다.

Rogers (NYSE: ROG) a annoncé la démission de son CFO Ram Mayampurath, qui restera dans l'entreprise jusqu'en septembre 2024 pour assurer une transition en douceur. Laura Russell, actuellement vice-présidente des finances, assumera le rôle de CFO par intérim à partir du 12 août 2024. Russell a rejoint Rogers en septembre 2023 et a une expérience antérieure dans des postes financiers de haut niveau chez Wolfspeed et NXP Semiconductors.

Le PDG Colin Gouveia a exprimé sa gratitude pour les contributions de Mayampurath au cours des dix dernières années, en particulier pour ses efforts visant à améliorer la rentabilité et le flux de trésorerie depuis qu'il est devenu CFO en 2021. Rogers a entamé un processus de succession pour le CFO et fournira des mises à jour en conséquence.

Rogers (NYSE: ROG) hat den Rücktritt von CFO Ram Mayampurath bekannt gegeben, der bis September 2024 im Unternehmen bleiben wird, um einen reibungslosen Übergang zu gewährleisten. Laura Russell, derzeit Vizepräsidentin für Finanzen, wird ab dem 12. August 2024 die Rolle als interimistische CFO übernehmen. Russell trat im September 2023 zu Rogers und hat zuvor Erfahrung in leitenden Finanzpositionen bei Wolfspeed und NXP Semiconductors gesammelt.

CEO Colin Gouveia dankte Mayampurath für seine Beiträge in den letzten 10 Jahren, insbesondere für seine Bemühungen, die Rentabilität und den Cashflow seit seiner Bestellung zum CFO im Jahr 2021 zu verbessern. Rogers hat einen Nachfolgeprozess für den CFO eingeleitet und wird bei Bedarf Updates bereitstellen.

Positive
  • Laura Russell, with senior finance experience at Wolfspeed and NXP Semiconductors, appointed as interim CFO
  • Orderly transition planned with outgoing CFO remaining until September 2024
Negative
  • Departure of experienced CFO Ram Mayampurath after 10 years with the company

CHANDLER, Ariz.--(BUSINESS WIRE)-- Rogers Corporation (NYSE: ROG) (“Rogers”) announced today that Ram Mayampurath has resigned as Chief Financial Officer (CFO) to pursue another opportunity. Mr. Mayampurath will remain with Rogers through September 2024 to ensure an orderly transition.

Effective August 12, 2024, Laura Russell will assume the role of interim CFO. Ms. Russell joined Rogers in September 2023 as Vice President of Finance and previously served in senior finance roles at Wolfspeed and NXP Semiconductors.

“I want to thank Ram for his leadership and contributions to Rogers over the past 10 years,” said Colin Gouveia, Rogers' President and CEO. “Since taking over as CFO in 2021, Ram has driven key initiatives to improve profitability and cash flow while helping position Rogers for future growth. Ram has been a great business partner and friend, and I wish him success in his future endeavors. I have great confidence in Laura, and we are fortunate to have such an experienced and capable leader serve as interim CFO.”

Rogers has initiated a CFO succession process and will provide updates as appropriate.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect and connect our world. Rogers delivers innovative solutions to help our customers solve their toughest material challenges. Rogers’ advanced electronic and elastomeric materials are used in applications for EV/HEV, automotive safety and radar systems, mobile devices, renewable energy, wireless infrastructure, energy-efficient motor drives, industrial equipment and more. Headquartered in Chandler, Arizona, Rogers operates manufacturing facilities in the United States, Asia and Europe, with sales offices worldwide. For more information, visit www.rogerscorp.com.

Safe Harbor Statement

Statements included in this release that are not a description of historical facts are forward-looking statements. Words or phrases such as “believe,” “may,” “could,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “seek,” “plan,” “expect,” “should,” “would” or similar expressions are intended to identify forward-looking statements, and are based on Rogers’ current beliefs and expectations. This release contains forward-looking statements regarding our plans, objectives, outlook, goals, strategies, future events, future net sales or performance, capital expenditures, future restructuring, plans or intentions relating to expansions, business trends and other information that is not historical information. All forward-looking statements are based upon information available to us on the date of this release and are subject to risks, uncertainties and other factors, many of which are outside of our control, which could cause actual results to differ materially from those indicated by the forward-looking statements. For additional information about the risks, uncertainties and other factors that may affect our business, please see our most recent annual report on Form 10-K and any subsequent reports filed with the Securities and Exchange Commission, including quarterly reports on Form 10-Q. Rogers Corporation assumes no responsibility to update any forward-looking statements contained herein except as required by law.

Media Contact:

Amy Kweder

Senior Director, Corporate Communications

Phone: 480.203.0058

Email: amy.kweder@rogerscorporation.com

Investor Contact:

Steve Haymore

Senior Director, Investor Relations

Phone: 480.917.6026

Email: stephen.haymore@rogerscorporation.com

Source: Rogers Corporation

FAQ

Who is the new interim CFO of Rogers (NYSE: ROG)?

Laura Russell, previously Vice President of Finance at Rogers, will assume the role of interim CFO effective August 12, 2024.

When is Ram Mayampurath leaving his position as CFO of Rogers (NYSE: ROG)?

Ram Mayampurath will remain with Rogers through September 2024 to ensure an orderly transition.

What is Rogers (NYSE: ROG) doing to find a permanent CFO?

Rogers has initiated a CFO succession process and will provide updates as appropriate.

What was Ram Mayampurath's contribution to Rogers (NYSE: ROG) as CFO?

Since becoming CFO in 2021, Ram Mayampurath drove key initiatives to improve profitability and cash flow while helping position Rogers for future growth.

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Electronic Components
Plastic Materials, Synth Resins & Nonvulcan Elastomers
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