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LSI Industries Inc. (Cincinnati): James Clark will become president and chief executive officer effective November 1. Clark most recently served as president and CEO of Alliance Tire Americas Inc., a manufacturer and distributor of specialty off- road tires for use in agriculture, construction and specialty markets, from 2014 to 2018, leading it through four years of double-digit organic growth. The improved performance was instrumental in enabling KKR to sell Alliance Tire Group to Yokohama Rubber Company for $1.2 billion. Prior to that, Clark served as corporate vice president of strategy and business development for Rexel. Previous executive level roles included Verint Systems, United Technologies Corporation and GE.
“We are very pleased to welcome Jim to LSI as our president and CEO,” said Wilfred O’Gara, LSI chairman, in a release. “Jim’s track record of driving transformative growth by providing customers with innovative solutions and services makes him the right leader for LSI. His experience in leading and capitalizing on changing market environments driven by technology and increasing end-user expectations will be extremely valuable moving forward. We look forward to his leadership as the company continues to align its unique lighting, graphics and technology capabilities around key vertical markets and customers. The board is confident that Jim will accelerate profitable growth and generate long-term shareholder value.”
Ron Brown, who has served since April as interim CEO, will step down but will be a nominee for election to the LSI board at its annual meeting in November. Crawford Lipsey, interim COO, will continue in his role during a transitional period.