ST. LOUIS--(BUSINESS WIRE)--
Belden Inc. (NYSE: BDC), a global leader in high quality, end-to-end
signal transmission solutions for mission-critical applications, today
announced that the board of directors has elected John Stroup as
Chairman of the Board in addition to his current roles of President and
Chief Executive Officer. Mr. Stroup has been a member of the Board since
October 2005.
Bryan Cressey, prior Chairman, will remain on the Board as the Lead
Independent Director, and he will continue to serve on the Nominating
and Corporate Governance Committee and the Finance Committee. Mr.
Cressey, who has been Chairman of the Board since 1988, and a director
of the Company since 1985, said, “I love working with Belden’s culture
of growth and continuous improvement. Its superb management team and the
exceptional talent and teamwork of the Directors will propel strong
performance into the future, which I will be part of as Lead Independent
Director.”
During his tenure as Chairman, Mr. Cressey has overseen a significant
transformation, in which the Company has grown from a domestic cable
manufacturer to a global signal transmission solutions provider. Since
Belden’s initial public offering in 1993 under Mr. Cressey’s
chairmanship, the stock price has increased from $5.44 (as adjusted for
historical stock splits) to $74.30, representing a compounded annual
growth rate of more than 12%.
Mr. Stroup said, “I want to thank Bryan for his many contributions as
Chairman, and I look forward to working with him and the entire Board to
continue the foundation he established of creating value for our
shareholders.”
About Belden
Belden Inc. delivers a comprehensive product
portfolio designed to meet the mission-critical network infrastructure
needs of industrial, enterprise and broadcast markets. With innovative
solutions targeted at reliable and secure transmission of rapidly
growing amounts of data, audio and video needed for today’s
applications, Belden is at the center of the global transformation to a
connected world. Founded in 1902, the company is headquartered in St.
Louis and has manufacturing capabilities in North and South America,
Europe and Asia. For more information, visit us at www.belden.com
or follow us on Twitter @BeldenInc.
BDC-E
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Source: Belden Inc.