Stoneridge Elects George S. Mayes Jr. To Board Of Directors
WARREN, Ohio, Dec. 3, 2012
WARREN, Ohio, Dec. 3, 2012 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI)
announced today that George S. Mayes Jr., 53, has been elected to fill a
vacancy on the Board of Directors created by the Board of Directors increasing
the number of directors to eight. Mayes currently serves as Executive Vice
President, Global Operations of Diebold, Incorporated (NYSE: DBD), a provider
of integrated self-service delivery, security systems and related services.
"We are pleased that George has joinedthe Board of Stoneridge. His
extensiveglobal operational and supply chain experience willstrengthenthe
Board's oversight and will help the Company as it continues its expansion in
global markets," saidWilliam M. Lasky, Chairman of the Board of Stoneridge.
Mayes joined Diebold in 2005 as Vice President, Global Manufacturing. Prior
to that, he served as the Chief Operating Officer at Tinnerman Palnut
Engineered Products, LLC, a designer, producer and supplier of engineered
spring steel fasteners, precision stampings, plastic components and related
assemblies to automotive and industrial OEMs. Prior to that, Mayes served as
Vice President, Manufacturing, Fastening Systems at Stanley Works, a
diversified global provider of hand tools, power tools and related
accessories, mechanical access solutions and electronic security solutions,
engineered fastening systems, healthcare solutions and infrastructure
solutions. Mayes began his career at Delphi, a leading supplier of
electronics and technologies for automotive, commercial vehicle and other
market segments, and held positions of increasing responsibility over his
Mayes holds a bachelor's degree in engineering from the United States Military
Academy at West Point, NY.
He will serve a term that continues until the 2013 annual meeting of
shareholders and is expected to be a nominee for Board election at the 2013
Annual Meeting of Shareholders. In addition, he will serve as a member of the
About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Warren, Ohio, is an independent designer
and manufacturer of highly engineered electrical and electronic components,
modules and systems principally for the commercial vehicle, automotive and
agricultural, motorcycle and off-highway vehicle markets. Additional
information about Stoneridge can be found at www.stoneridge.com.
Statements in this release that are not historical fact are forward-looking
statements, which involve risks and uncertainties that could cause actual
events or results to differ materially from those expressed or implied in this
release. Things that may cause actual results to differ materially from those
in the forward-looking statements include, among other factors, the loss of a
major customer; a significant volume change in commercial vehicle, automotive
or agricultural, motorcycle and off-highway vehicle production; disruption in
the OEM supply chain due to bankruptcies; a significant change in general
economic conditions in any of the various countries in which the Company
operates; labor disruptions at the Company's facilities or at any of the
Company's significant customers or suppliers; the ability of the Company's
suppliers to supply the Company with parts and components at competitive
prices on a timely basis; customer acceptance of new products; and the failure
to achieve successful integration of any acquired company or business. In
addition, this release contains time-sensitive information that reflects
management's best analysis only as of the date of this release. The Company
does not undertake any obligation to publicly update or revise any
forward-looking statements to reflect future events, information or
circumstances that arise after the date of this release. Further information
concerning issues that could materially affect financial performance related
to forward-looking statements contained in this release can be found in the
Company's periodic filings with the Securities and Exchange Commission.
SOURCE Stoneridge, Inc.
Contact: Kenneth A. Kure, Corporate Treasurer and Director of Finance,
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