8-KLeadership Changes

TE Connectivity plc 8-K Report, Executive Changes (Aug 6, 2020)

Filed August 6, 2020For Securities:TEL

Summary

TE Connectivity plc (TEL) filed an 8-K on August 6, 2020, to announce significant leadership changes within its operational segments. The most notable change is the retirement of Kevin Rock, President of the Industrial Solutions Segment, effective October 1, 2020. Mr. Rock will remain with the company in a transitional capacity until early 2021, also serving as interim President and General Manager for the Aerospace, Defense and Marine Business Unit. These transitions are accompanied by internal promotions to fill the vacant leadership roles. Shad Kroeger, currently President of the Communications Solutions Segment, will assume leadership of the Industrial Solutions Segment. Aaron Stucki, General Manager of the Industrial & Commercial Transportation (ICT) business unit, will move to lead the Communications Solutions Segment. These appointments are effective October 1, 2020, indicating a planned and orderly succession process.

Key Highlights

  • 1Kevin Rock, President of Industrial Solutions, is retiring effective October 1, 2020.
  • 2Mr. Rock will provide transitional support until early 2021.
  • 3Mr. Rock will also serve as interim President and General Manager for the Aerospace, Defense and Marine Business Unit.
  • 4Shad Kroeger will succeed Mr. Rock as President of the Industrial Solutions Segment.
  • 5Aaron Stucki will become the new President of the Communications Solutions Segment.
  • 6All leadership changes are effective as of October 1, 2020.

Frequently Asked Questions

This 8-K filing is primarily to announce leadership changes within TE Connectivity's operational segments, specifically the retirement of Kevin Rock and the subsequent appointments of Shad Kroeger and Aaron Stucki to new roles.

The filing suggests a planned transition. Mr. Rock will remain with the company in a transitional role until early 2021, and will also take on an interim leadership position, which should help mitigate any immediate negative impact on operations.

Shad Kroeger, currently President of the Communications Solutions Segment, will become the President of the Industrial Solutions Segment. Aaron Stucki, General Manager of the Industrial & Commercial Transportation (ICT) business unit, will become the President of the Communications Solutions Segment.

All announced leadership changes, including Mr. Rock's retirement and the appointments of Mr. Kroeger and Mr. Stucki, are effective as of October 1, 2020.