Lindsay Corporation Announces Changes to Board of Directors
February 12 2018 - 6:45AM
Business Wire
Consuelo E. Madere Appointed as Director
William F. Welsh II Announces Intention to
Retire from Board at Conclusion of his Current Term
Lindsay Corporation (NYSE: LNN), a leading provider of
irrigation systems and infrastructure products, announced today
that Consuelo E. Madere has been appointed to its board of
directors. Madere is the President of Proven Leader Advisory, LLC,
a management consulting and executive coaching firm she founded in
2014. She is a former Executive Officer of Monsanto, a leading
global provider of innovative, sustainable agricultural solutions.
She has over 30 years of domestic and global experience at
Monsanto, spanning manufacturing, strategy, technology, business
development, profit & loss responsibility and general
management. She served in a number of key leadership positions with
significant P&L responsibility across Europe, Middle East and
Africa as well as Asia and key markets within the US business. She
retired from Monsanto Company in 2013 as Vice President of the
company’s Global Vegetables and Asia commercial businesses and was
a member of the CEO’s executive leadership team.
Madere serves as a Director of Nutrien (NYSE: NTR), the world’s
largest fertilizer company which recently was formed by the merger
of Potash Corp of Saskatchewan and Agrium Inc. She also serves as a
director of S&W Seed Company (NASDAQ: SANW), a leading provider
of alfalfa, sorghum, sunflower and stevia seeds. From 2014 to
January 2018 she served as a director at PotashCorp (NYSE: POT) and
was a member of the Audit Committee and the Safety, Health and
Environment Committee. Madere serves on the Dean’s Advisory Council
of the Louisiana State University Honors College, and is a member
of the Latin Corporate Directors Association as well as the
Hispanic Association on Corporate Responsibility. Her awards
include the Vista Magazine Corporate Achievement Award for
“Hispanic Women in Business.” Her professional degrees include an
MBA from the University of Iowa and a Bachelor of Science degree in
Chemical Engineering from Louisiana State University.
"Lindsay's Corporate Governance & Nominating Committee, in
consultation with the full Board, developed a detailed set of
skills and attributes it sought in a new director. We are very
pleased to have selected Consuelo from this process," said Michael
C. Nahl, Lindsay's chairman. "Her strong background in agriculture,
combined with her corporate governance experience serving on public
company boards, will allow her to make significant contributions to
Lindsay's continued success."
“I am very pleased to have Consuelo join the Lindsay board. Her
agriculture experiences in R&D and international markets will
help Lindsay Corporation continue to grow as an innovation-based
company that pursues opportunities in many attractive international
markets,” stated Timothy L. Hassinger, Lindsay’s CEO and
President.
Madere will serve for a term which will expire at the December
2018 annual meeting, and she will be nominated in the Company’s
next proxy statement for a three-year term to expire in 2021.
William F. Welsh II, a Lindsay director since 2001, has informed
the company of his intention to retire upon the conclusion of his
term at the upcoming December 2018 annual meeting. "Bill has made
very important contributions to Lindsay's growth over the past 17
years and we will miss his advice and counsel,” stated Mr.
Nahl.
About the Company
Lindsay manufactures and markets irrigation equipment primarily
used in agricultural markets which increase or stabilize crop
production while conserving water, energy, and labor. The Company
also manufactures and markets infrastructure and road safety
products under the Lindsay Transportation Solutions trade name. At
December 18, 2017 Lindsay had approximately 10.7 million shares
outstanding, which are traded on the New York Stock Exchange under
the symbol LNN.
For more information regarding Lindsay Corporation, see the
Company’s Web site at www.lindsay.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20180212005377/en/
Lindsay Corporation:Brian KetchamVice President &
Chief Financial Officer402-827-6579orHalliburton Investor
Relations:Hala Elsherbini or Geralyn DeBusk972-458-8000
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