Summary
Keysight Technologies, Inc. (KEYS) announced on May 20, 2021, a change to its Board of Directors. The Board size has been expanded from nine to ten directors, and Michelle J. Holthaus has been appointed as a new Class II director. Mrs. Holthaus's term will expire at the 2022 Annual Meeting of Stockholders. Her appointment is effective immediately. Mrs. Holthaus brings significant experience in sales, marketing, and communications, most recently serving as Executive Vice President and Chief Revenue Officer at Intel Corporation. Her appointment is intended to enhance the board's expertise, particularly in areas crucial to Keysight's go-to-market strategies and revenue generation. She has been deemed an independent director by the Board, and her compensation will align with the Company's standard director compensation program.
Key Highlights
- 1Board size increased from 9 to 10 directors.
- 2Michelle J. Holthaus appointed as a new Class II director, effective immediately.
- 3Mrs. Holthaus's term expires at the 2022 Annual Meeting of Stockholders.
- 4Mrs. Holthaus brings extensive experience, notably as EVP and Chief Revenue Officer at Intel Corporation.
- 5The Board has determined Mrs. Holthaus meets independence standards.
- 6She will receive standard, pro-rated director compensation.
- 7No undisclosed related-party transactions or arrangements exist concerning her appointment.