Methode Electronics (MEI) just unveiled an announcement.
Methode Electronics, Inc. CEO Avi Avula has abruptly resigned, with Kevin Nystrom stepping in as interim CEO. Nystrom, a seasoned partner at business advisory firm AlixPartners, brings extensive experience, including past roles as interim CEO and Chief Restructuring Officer at various companies. The firm will receive $70,000 weekly for Nystrom’s services while searching for a permanent CEO. The Board has also downsized and appointed a new Vice Chairman, Mark Schwabero.
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