Summary
Rockwell Automation, Inc. (ROK) announced a change to its Board of Directors composition. The Board has been expanded from ten to eleven directors, effective February 7, 2024. This strategic expansion aims to enhance board oversight and governance capabilities. Timothy M. Knavish has been elected as the new director, with his term set to expire at the 2027 Annual Meeting of Shareowners. Mr. Knavish has also been appointed to key committees, including the Audit Committee and the Compensation and Talent Management Committee. These appointments signal a commitment to leveraging experienced leadership in critical areas of corporate governance and financial oversight.
Key Highlights
- 1Board size increased from 10 to 11 directors.
- 2Timothy M. Knavish elected as a new director.
- 3Mr. Knavish's term as director expires at the 2027 Annual Meeting of Shareowners.
- 4Mr. Knavish appointed to the Audit Committee.
- 5Mr. Knavish appointed to the Compensation and Talent Management Committee.
- 6New director compensation includes standard equity and cash payments.
- 7No undisclosed arrangements or transactions involving Mr. Knavish were reported.