Summary
Keysight Technologies, Inc. announced on May 23, 2019, an expansion of its Board of Directors from eight to nine members with the immediate appointment of Joanne Olsen. Ms. Olsen, a seasoned executive with extensive experience from Oracle Corporation and IBM, brings a strong background in cloud services, global sales, and technology leadership. Her appointment is effective immediately and she will serve as a Class III director, with her term expiring at the 2020 Annual Meeting of Stockholders. Ms. Olsen's expertise is expected to enhance the Board's strategic direction, particularly in areas relevant to Keysight's evolving technology landscape. She will also serve on the Compensation Committee, providing valuable insights into executive compensation matters. The Board has confirmed Ms. Olsen's independence according to NYSE and SEC regulations. Her compensation will be pro-rated for her service this year, consistent with the company's standard director compensation program.
Key Highlights
- 1Keysight Technologies expanded its Board of Directors from 8 to 9 members.
- 2Joanne Olsen was appointed as a new director, effective immediately.
- 3Ms. Olsen brings significant executive experience from Oracle and IBM, with expertise in cloud services and technology.
- 4She will serve as a Class III director, with her term expiring at the 2020 Annual Meeting of Stockholders.
- 5Ms. Olsen will be a member of the Board's Compensation Committee.
- 6The Board has determined Ms. Olsen meets all independence requirements.
- 7Ms. Olsen's appointment is a strategic move to leverage her extensive industry experience.