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Stoneridge Announces Board of Director Changes

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Stoneridge (NYSE: SRI) announced changes to its Board of Directors, with two longstanding board members, George S. Mayes, Jr. and Paul J. Schlather, retiring for personal reasons. They will not seek reelection as part of the Company's 2025 Slate of Directors.

The Board has decided to reduce its membership from nine to seven by not filling these vacancies. Mayes, who joined in 2012, served as Chairman of the Compliance and Ethics Committee, while Schlather, a board member since 2009, contributed expertise in financial oversight and corporate governance.

William M. Lasky, Chairman of the Board, expressed gratitude for their dedicated service and contributions to Stoneridge, a global designer and manufacturer of electrical and electronic systems for automotive, commercial, off-highway and agricultural vehicle markets.

Stoneridge (NYSE: SRI) ha annunciato cambiamenti nel suo Consiglio di Amministrazione, con il ritiro di due membri storici, George S. Mayes, Jr. e Paul J. Schlather, per motivi personali. Non si candideranno per la rielezione come parte della lista dei Direttori del 2025 dell'azienda.

Il Consiglio ha deciso di ridurre il numero dei membri da nove a sette non coprendo queste vacanze. Mayes, che si è unito nel 2012, ha ricoperto il ruolo di Presidente del Comitato di Conformità ed Etica, mentre Schlather, membro del consiglio dal 2009, ha fornito competenze nella supervisione finanziaria e nella governance aziendale.

William M. Lasky, Presidente del Consiglio, ha espresso gratitudine per il loro servizio dedicato e i contributi a Stoneridge, un designer e produttore globale di sistemi elettrici ed elettronici per i mercati automobilistico, commerciale, fuoristrada e dei veicoli agricoli.

Stoneridge (NYSE: SRI) anunció cambios en su Junta Directiva, con el retiro de dos miembros de larga data, George S. Mayes, Jr. y Paul J. Schlather, por razones personales. No buscarán la reelección como parte de la lista de Directores de la Compañía para 2025.

La Junta ha decidido reducir su membresía de nueve a siete al no llenar estas vacantes. Mayes, quien se unió en 2012, se desempeñó como Presidente del Comité de Cumplimiento y Ética, mientras que Schlather, miembro de la junta desde 2009, aportó su experiencia en supervisión financiera y gobernanza corporativa.

William M. Lasky, Presidente de la Junta, expresó su agradecimiento por su dedicado servicio y contribuciones a Stoneridge, un diseñador y fabricante global de sistemas eléctricos y electrónicos para los mercados automotriz, comercial, fuera de carretera y de vehículos agrícolas.

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Stoneridge (NYSE: SRI) a annoncé des changements au sein de son Conseil d'Administration, avec le départ à la retraite de deux membres de longue date, George S. Mayes, Jr. et Paul J. Schlather, pour des raisons personnelles. Ils ne se représenteront pas aux élections pour la liste des Directeurs de l'entreprise en 2025.

Le Conseil a décidé de réduire son nombre de membres de neuf à sept en ne remplissant pas ces postes vacants. Mayes, qui a rejoint en 2012, a été président du Comité de Conformité et d'Éthique, tandis que Schlather, membre du conseil depuis 2009, a apporté son expertise en supervision financière et en gouvernance d'entreprise.

William M. Lasky, président du Conseil, a exprimé sa gratitude pour leur service dévoué et leurs contributions à Stoneridge, un concepteur et fabricant mondial de systèmes électriques et électroniques pour les marchés automobile, commercial, hors route et des véhicules agricoles.

Stoneridge (NYSE: SRI) kündigte Änderungen in seinem Vorstand an, da zwei langjährige Vorstandsmitglieder, George S. Mayes, Jr. und Paul J. Schlather, aus persönlichen Gründen zurücktreten. Sie werden sich nicht zur Wiederwahl für die Vorstandsliste 2025 des Unternehmens aufstellen.

Der Vorstand hat beschlossen, die Mitgliederzahl von neun auf sieben zu reduzieren, indem diese vakanten Positionen nicht besetzt werden. Mayes, der 2012 beigetreten ist, war Vorsitzender des Compliance- und Ethik-Ausschusses, während Schlather, der seit 2009 im Vorstand ist, Fachwissen in der finanziellen Aufsicht und Unternehmensführung beigesteuert hat.

William M. Lasky, Vorsitzender des Vorstands, drückte seine Dankbarkeit für ihren engagierten Dienst und ihre Beiträge zu Stoneridge aus, einem globalen Designer und Hersteller von elektrischen und elektronischen Systemen für die Automobil-, Gewerbe-, Offroad- und Agrarfahrzeugmärkte.

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NOVI, Mich., March 14, 2025 /PRNewswire/ -- Stoneridge, Inc. (NYSE: SRI) today announced upcoming changes to its Board of Directors. Longstanding board members George S. Mayes, Jr. and Paul J. Schlather will retire from the Board for personal reasons and will not seek reelection as part of the Company's 2025 Slate of Directors. The Board has decided not to fill these vacancies, reducing its membership to seven.

Mayes has served on Stoneridge's Board since 2012, including as Chairman of the Compliance and Ethics Committee. Schlather has been a board member since 2009, bringing extensive expertise in financial oversight and corporate governance.

"We are deeply grateful for George and Paul's years of dedicated service," said William M. Lasky, Chairman of the Board. "Their leadership, insight, and guidance have been instrumental in shaping Stoneridge's success. On behalf of the entire Company, we thank them for their invaluable contributions and wish them the best in their future endeavors."

About Stoneridge, Inc.
Stoneridge, Inc., headquartered in Novi, Michigan, is a global designer and manufacturer of highly engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway and agricultural vehicle markets. Additional information about Stoneridge can be found at .

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SOURCE Stoneridge, Inc.

FAQ

When will Stoneridge (SRI) board members George Mayes and Paul Schlather retire?

They will not seek reelection as part of Stoneridge's 2025 Slate of Directors.

How many members will remain on Stoneridge's (SRI) board after the announced changes?

The board will be reduced to seven members, as the company decided not to fill the two vacancies.

What positions did George Mayes hold at Stoneridge (SRI)?

George Mayes served on Stoneridge's Board since 2012 and was Chairman of the Compliance and Ethics Committee.

How long did Paul Schlather serve on Stoneridge's (SRI) board?

Paul Schlather served as a board member since 2009, focusing on financial oversight and corporate governance.
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