NN, Inc. Announces Board Retirements, Effective on August 23, 2023
July 12, 2023 at 04:12 pm
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In connection with the decision of the Board of Directors of NN, Inc. to reduce the Board's size from nine to seven members, on July 12, 2023, each of Robert E. Brunner and Shihab Kuran, Ph.D. notified the Board of his decision to retire from, and resign as a member of the Board and any and all committees of the Board, effective August 23, 2023. After acceptance of the resignations of Mr. Brunner and Dr. Kuran, the Board made the planned reduction in the size of the Board effective as of August 23, 2023.
NN, Inc. is a diversified industrial company. The Company combines advanced engineering and production capabilities with materials science expertise to design and manufacture high-precision components and assemblies. The Company operates through two segments: Mobile Solutions and Power Solutions. Mobile Solutions segment manufactures components for use in power steering, braking, transmissions, and gasoline fuel system applications, along with components utilized in heating, ventilation and air conditioning and diesel injection and diesel emissions treatment applications. The segmentâs technical capabilities can be utilized in various applications, including for use in battery electric, hybrid electric, and internal combustion engine vehicles. Power Solutions segment manufactures a range of products, including electrical contacts, connectors, contact assemblies, and precision stampings for the electrical end market and high precision products for the aerospace and defense end market.