MALVERN, Pa.--(BUSINESS WIRE)--
Vishay Precision Group, Inc. (NYSE: VPG), a leading producer of
precision sensors and systems, today announced the appointment of a new
independent member to its Board of Directors, Ms. Janet Clarke.
Marc Zandman, VPG’s Chairman of the Board said of the appointment, “We
are thrilled to have Janet join the Board. Janet will offer significant
business experience to our Board, particularly in the areas of marketing
and marketing technology, as a result of the various executive and
management positions she has held in corporations of various sizes. In
addition, Janet has a broad range of experience as a director and a deep
understanding of board oversight and diligence. We look forward to the
benefits her expertise and insights will provide.”
Ms. Clarke is the founder of Clarke Littlefield LLC, a marketing
technologies advisory firm for which she has served as President since
June 2003. Prior to founding Clarke Littlefield, she served in executive
and management roles at DealerTrack, Inc., a privately held automotive
finance technology services company, at KnowledgeBase Marketing, a
subsidiary of Young and Rubicam, Inc., and at Citibank for Citigroup’s
consumer business. Ms. Clarke has served as a director for Cox
Enterprises, Inc., a private company, since 2007, where she also serves
as Chair of the Compensation Committee and as a member of the Audit
Committee. Ms. Clarke served as a director for Asbury Automotive Group,
Inc. (NYSE: ABG) from April 2005 until April 2015, where at different
times she also served as a member of the Audit Committee; as a member of
the Human Resources and Compensation Committee, including serving as
chairperson; and as a member of the Governance Committee. Ms. Clarke has
also served on the boards of ExpressJet Holdings, Inc. (NYSE: XJT) from
2000-2010, eFunds Corporation (NYSE: EFD) from 2000-2007, and Gateway,
Inc. (NYSE: GTW) from 2005-2007.
Ms. Clarke earned a Bachelor Degree in Architecture from Princeton
University and has completed the Advanced Management Program at the
Harvard Business School.
About VPG
Vishay Precision Group, Inc. (VPG) is an internationally recognized
designer, manufacturer and marketer of: components based on its
resistive foil technology; sensors; and sensor-based systems
specializing in the growing markets of stress, force, weight, pressure,
and current measurements. VPG is a market leader of foil technology
products, providing ongoing technology innovations in precision foil
resistors and foil strain gages, which are the foundation of the
company's force sensors products and its weighing and control systems.
The product portfolio consists of a variety of well-established brand
names recognized for precision and quality in the marketplace. To learn
more, visit VPG at www.vpgsensors.com.
Forward-Looking Statements
From time to time, information provided by us, including but not limited
to statements in this report, or other statements made by or on our
behalf, may contain "forward-looking" information within the meaning of
the Private Securities Litigation Reform Act of 1995. Such statements
involve a number of risks, uncertainties, and contingencies, many of
which are beyond our control, which may cause actual results,
performance, or achievements to differ materially from those anticipated.
Such statements are based on current expectations only, and are subject
to certain risks, uncertainties, and assumptions. Should one or more of
these risks or uncertainties materialize, or should underlying
assumptions prove incorrect, actual results may vary materially from
those anticipated, expected, estimated, or projected. Among the factors
that could cause actual results to materially differ include: general
business and economic conditions, changes in the current pace of
economic recovery; difficulties or delays in completing acquisitions and
integrating acquired companies (including the aquisition of Stress-Tek
and Pacific Instruments); the inability to realize anticipated synergies
and expansion possibilities; difficulties in new product development;
changes in competition and technology in the markets that we serve and
the mix of our products required to address these changes; changes in
foreign currency exchange rates; difficulties in implementing our ERP
systems and the associated impact on manufacturing efficiencies and
customer satisfaction; difficulties in implementing our cost reduction
strategies, such as underutilization of production facilities, labor
unrest or legal challenges to our lay-off or termination plans,
operation of redundant facilities due to difficulties in transferring
production to lower- cost countries; and other factors affecting our
operations, markets, products, services, and prices that are set forth
in our Annual Report on Form 10-K for the fiscal year ended December 31,
2015. We undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160405006733/en/
VPG
Wendy Wilson
Senior Director Investor Relations and
Corporate Communications
919-374-5501
[email protected]
Source: VPG