CINCINNATI, Oct. 17, 2017 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced the appointment of Ron Newbold as President of the LSI Lighting Segment. Mr. Newbold most recently served as Vice President of Brand Management at Hubbell Lighting, and had been with Hubbell since 1997 with progressive leadership positions spanning strategic planning, marketing, sales, and engineering. He began his career in lighting at Lithonia Lighting in 1990 serving in roles of increasing responsibility in manufacturing, procurement, marketing, and product management. Mr. Newbold received a Masters of Science in Management from Indiana Wesleyan University, and a Bachelor of Arts from Indiana University.
Mr. Newbold commented, “I am excited to join the LSI team at this compelling time as the Company looks ahead to optimizing its top-line and bottom-line growth. I have followed LSI’s progress over the past few years as the Company has successfully transformed its business through an impressive turnaround period. LSI has a strong, respected brand and I am also impressed with the Company’s progress in expanding its marketing and sales capabilities. The Company has also positioned itself on a strong competitive footing with its focus on lean initiatives, and I am inspired by the continued commitment to drive improvements and efficiencies through its LSI Business System.”
Dennis W. Wells, Chief Executive Officer and President, commented, “We are excited to have Ron join the LSI executive management team. Ron has impressive strategic insight into the lighting business as well as a proven ability to drive top-line growth. He is experienced in managing all aspects of a P&L, and has a solid background in leading sales, marketing, engineering, product development and product management teams. We are impressed by his strategic thinking, as well as his breadth of knowledge in all aspects of the lighting industry. Ron is known by many of our key sales agencies and representatives and will be effective immediately in growing our relationships with them. I am confident that Ron’s leadership will meaningfully drive excellence as the Company continues to advance through its optimization period with revitalized sales, a pipeline of new products, leaner operations, and a solid financial condition.”
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About the Company
We are a customer-centric company that positions itself as a value-added, trusted partner in developing superior image solutions through our world-class lighting, graphics, and technology capabilities. Our core strategy of "Lighting + Graphics + Technology = Complete Image Solutions" differentiates us from our competitors.
We are committed to advancing solid-state LED technology to make affordable, high performance, energy-efficient lighting and custom graphic products that bring value to our customers. We have a vast offering of innovative solutions for virtually any lighting or graphics application. In addition, we provide sophisticated lighting and energy management control solutions to help customers manage their energy performance. Further, we provide a full range of design support, engineering, installation and project management services to our customers.
We are a vertically integrated U.S.-based manufacturer concentrating on serving customers in North America and Latin America. Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts). Headquartered in Cincinnati, Ohio, LSI has facilities in Ohio, California, Kentucky, New York, North Carolina and Texas. The Company’s common shares are traded on the NASDAQ Global Select Market under the symbol LYTS.
For further information, contact Dennis Wells, Chief Executive Officer and President at (513) 793-3200.
Additional note: Today’s news release, along with past releases from LSI Industries, is available on the Company’s internet site at www.lsi-industries.com or by email or fax, by calling the Investor Relations Department at (513) 793-3200.
CONTACT: DENNIS WELLS
Source:LSI Industries Inc.