Summary
Keysight Technologies, Inc. (KEYS) announced a board expansion and the appointment of Kevin Stephens as a new independent director, effective March 1, 2022. The Board of Directors increased its size from nine to ten members to accommodate this appointment. Mr. Stephens brings extensive experience from leadership roles in the telecommunications and broadband industries, including his most recent position as Executive Vice President and President of the Business Services Division at Altice. This appointment is noteworthy for investors as it strengthens the Board's expertise in areas relevant to Keysight's business and technological focus. Mr. Stephens' background in executive leadership and strategic operations at major companies suggests a valuable addition to the governance and oversight of Keysight. He will serve as a Class III director with a term expiring at the 2023 Annual Meeting of Stockholders and will receive standard compensation for non-employee directors.
Key Highlights
- 1Keysight Technologies appointed Kevin Stephens as a new independent director to its Board of Directors.
- 2The Board size has been increased from 9 to 10 directors to facilitate the new appointment.
- 3Mr. Stephens' appointment is effective March 1, 2022, and he will serve as a Class III director until the 2023 Annual Meeting.
- 4He possesses significant executive experience in the broadband communications and video services industry, having held leadership roles at Altice and Suddenlink Communications.
- 5Mr. Stephens currently serves on the boards of Consumer Cellular and Crown Castle, indicating broad corporate governance experience.
- 6The appointment aligns with NYSE independence standards and SEC regulations.
- 7Mr. Stephens will receive standard compensation for non-employee directors.