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Raven Industries Inc (RAVN.OQ)

RAVN.OQ on NASDAQ Stock Exchange Global Select Market

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18 Oct 2018
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Summary

Name Age Since Current Position

Marc LeBaron

63 2017 Independent Chairman of the Board

Daniel Rykhus

53 2010 President, Chief Executive Officer, Director

Steven Brazones

44 2014 Chief Financial Officer, Vice President

Lee Magnuson

62 2017 Vice President, General Counsel, Secretary

Brian Meyer

55 2015 Division Vice President, General Manager - Applied Technology Division

Anthony Schmidt

46 2012 Division Vice President, General Manager - Engineered Films Division

Scott Wickersham

44 2018 Division Vice President and General Manager - Aerostar Division

Janet Matthiesen

60 2012 Vice President - Human Resources

Janet Holloway

63 2018 Director

Lois Martin

55 2018 Director

Jason Andringa

42 2013 Independent Director

David Chicoine

70 2017 Independent Director

Thomas Everist

69 2017 Independent Director

Kevin Kirby

63 2007 Independent Director

Richard Parod

64 2017 Independent Director

Bo Larsen

2017 Assistant Controller, Investor Relations Manager

Biographies

Name Description

Marc LeBaron

Mr. Marc E. LeBaron is Independent Chairman of the Board of Raven Industries Inc. Mr. LeBaron has been Chairman/CEO of Lincoln Industries in Lincoln, NE since 2001. Lincoln Industries is a supplier of products requiring high performance metal finishing. Mr. LeBaron served on the Board of Directors from 2005-2015 of Ballantyne Strong, Inc., a publicly-traded technology company. He is also a director of Assurity Security Group, Inc., Lincoln, NE., serving as Lead Director since June 4, 2009.

Daniel Rykhus

Mr. Daniel A. Rykhus serves as President, Chief Executive Officer and Director of Raven Industries, Inc. Mr. Rykhus was named President and Chief Executive Officer in 2010. Prior to that, he served as Executive Vice President of the Company since 2004. He was the General Manager of the Applied Technology division from 1998 through 2009, growing the division's sales from $15 million to over $100 million. He joined the Company in 1990 as Director of World Class Manufacturing. Mr. Rykhus is an independent director of Great Western Bank, a publicly traded financial services company, where he serves on the Executive Committee, Governance and Nominating Committee and chairs the Compensation Committee. He also serves on the boards of many non-profit organizations in Sioux Falls, SD. The Board believes that Mr. Rykhus is an appropriate representative of management on the Board given his position as a senior executive officer and his long tenure with the Company, having over 27 years of experience with the Company. In addition, Mr. Rykhus brings a wealth of industry experience to the Board.

Steven Brazones

Mr. Steven E. Brazones serves as Vice President and Chief Financial Officer of the Company,. since December 1, 2014. Mr. Brazones joined the Company in December 2014 as its Vice President, Chief Financial Officer, and Treasurer. From 2002 to 2014, Mr. Brazones held a variety of positions with H.B. Fuller Company. Most recently, he served as H.B. Fuller's Americas Region Finance Director. Previously, he served as the Assistant Treasurer and the Director of Investor Relations. Prior to his tenure with H.B. Fuller, Mr. Brazones held various roles at Northwestern Growth.

Lee Magnuson

Mr. Lee A. Magnuson is Vice President, General Counsel, Secretary of the company. Mr. Magnuson joined the Company in June 2017, as Vice President and General Counsel and also became the Company's Secretary in August 2017. Prior to joining the Company, Mr. Magnuson was managing partner of Lindquist and Vennum Law Firm's Sioux Falls, SD office for 5 years, practicing in the areas of commercial transactions, mergers and acquisitions, corporate matters, real estate and regulatory matters.

Brian Meyer

Mr. Brian E. Meyer serves as Division Vice President, General Manager - Applied Technology Division of the Company. Mr. Meyer was named Division Vice President and General Manager of the Applied Technology Division in May 2015. He joined the Company in 2010 as Chief Information Officer. Prior to joining the Company, Mr. Meyer was an information and technology executive in the health insurance industry and vice president of systems development in the property and casualty insurance industry.

Anthony Schmidt

Mr. Anthony D. Johnson Schmidt serves as Division Vice President, General Manager - Engineered Films Division of Raven Industries Inc., since February 1, 2012. Mr. Schmidt was named Division Vice President and General Manager of the Engineered Films Division in 2012. He joined the Company in 1995 in the Applied Technology Division performing various leadership roles within manufacturing and engineering. He transitioned to Engineered Films Division in 2011 as Manufacturing Manager.

Scott Wickersham

Mr. Scott Wickersham Division Vice President and General Manager - Aerostar Division of the company. Mr. Wickersham was named Division Vice President and General Manager of the Aerostar Division in January 2018. He joined the Company in 2010 as the Director of Product Development and Engineering Manager and has been the General Manager for the Aerostar Division since November 2015. Prior to joining the Company, Mr. Wickersham held a range of engineering and operational roles with various technology companies.

Janet Matthiesen

Ms. Janet L. Matthiesen is no longer Vice President - Human Resources of Raven Industries Inc effective April 2019. Ms. Matthiesen joined the Company in 2010 as Director of Administration and has been the Company's Vice President of Human Resources since 2012. Prior to joining Raven, Ms. Matthiesen was a Human Resource Manager at Science Applications International Corporation from 2002 to 2010.

Janet Holloway

Ms. Janet M. Holloway is Director of the Company. Ms. Holloway is former senior vice president and chief of staff for Monsanto Company, which delivers a broad range of solutions to farmers to help nourish our growing world. She joined Monsanto in 1984 and held a variety of positions throughout her tenure, including chief information officer and responsibility for global community relations and human resources. Ms. Holloway is an accomplished corporate and community leader. She serves on the board of directors of Cortex Innovation Community, Washington University School of Engineering and other non-profit boards in the St. Louis area.

Lois Martin

Ms. Lois M. Martin is Director of the Company. Ms. Martin currently serves as Chief Financial Officer (CFO) for M.A. Mortenson Company, a diversified global development, construction, and real estate company. Ms. Martin is responsible for Mortenson’s global finance, accounting, treasury, planning and information technology functions, and she serves on the company’s investment, risk management, properties, compliance and development committees. She is an experienced leader, public company director, and financial expert who has served across multiple industries. Prior to joining Mortenson in 2017, she was the CFO of Ceridian Corporation and previously held CFO roles at Capella Education Company and Deluxe Corporation. She currently serves on the board of directors of Donnelley Financial Services (NYSE: DFIN), Stratacor/Delta Dental of Minnesota, and Augustana University in Sioux Falls, S.D.

Jason Andringa

Mr.Jason M. Andringa is an Independent Director of Raven Industries Inc., since 2013. Mr. Andringa is President and Chief Executive Officer of Vermeer Corporation, a world leading manufacturer of equipment for the construction, agriculture, surface mining, forestry, and landscaping industries in Pella, IA. Prior to becoming President and Chief Executive Officer, Mr. Andringa held a variety of positions within Vermeer Corporation, including Chief Operating Officer, President of Forage & Environmental Solutions, and Vice President for Dealer Distribution and Global Accounts and was based in the Netherlands while serving as Managing Director for Europe, the Middle East, and Africa. Prior to joining Vermeer, Mr. Andringa was a staff engineer for four years at NASA's Jet Propulsion Laboratory where he applied his Master of Science in Aeronautics and Astronautics from MIT. He currently serves on several professional, industry, and philanthropic boards, including Camcraft, Inc., National Association of Manufacturers (NAM), Association of Equipment Manufacturers (AEM), Cultivation Corridor, The Nature Conservancy of Iowa, and Central College. We believe Mr. Andringa is qualified to serve on the Board because of his leadership experience from serving as President and CEO of Vermeer Corporation. He provides valuable insight on manufacturing and operations and has substantial experience in both domestic and international markets. Additionally, his management of financial personnel and audit procedures and his strong understanding of accounting principles, internal controls and audit committee functions, make him an audit committee financial expert.

David Chicoine

Dr. David L. Chicoine is Independent Director of the company. Dr. Chicoine, Ph.D., served as the 19th President of South Dakota State University, a land-grant institution and the state’s largest university, from 2007 to 2016 and became president emeritus and professor emeritus in July 2017. He currently serves as Interim Dean of the University of Wyoming’s College of Business. Previously, Dr. Chicoine was professor of agricultural economics at the University of Illinois at Urbana-Champaign and held various positions of increasing administrative responsibility with the University of Illinois, including department head, dean and vice president for technology and economic development. Since April 2009, he has served as an independent director on the Monsanto Company board, where he is a member of the Science and Technology Committee and the Sustainability and Corporate Responsibility Committee. He also is currently a director on the board of First Bank and Trust, Brookings, SD and the Board of ENTERPRISE 605, INC, Sioux Falls, SD and is on the board of managers of South Dakota Innovation Partners (SDIP), LLC, Brookings/Sioux Falls, SD. We believe Dr. Chicoine is qualified to serve on the Board because of his proven leadership experience in leading a respectable institution like South Dakota State University. Among other qualifications, Dr. Chicoine is a subject matter expert in finance and economics. Additionally, his service to the Monsanto Board of Directors provides him with a deep understanding of corporate governance and oversight, enriching his contributions and service to the Board.

Thomas Everist

Mr. Thomas S. Everist is Independent Director of the company. He was the Independent Chairman of the Board of Raven Industries Inc. Mr. Everist is President and Chief Executive Officer of The Everist Company, an investment and land development company located in Sioux Falls, SD, positions he has held since 2002. Prior to that, he was President and Chief Executive Officer of L.G. Everist, Inc. from 1987 to 2002. Both companies are involved in production of construction materials including aggregate, concrete and asphalt. Since 2006, he has been a managing member of South Maryland Creek Ranch, LLC, a land development company, and President of SMCR, Inc., an investment company. He has been a managing member of MCR Builders, LLC, which provides residential building services to South Maryland Creek Ranch, LLC, since 2014. He is a director and chairman of the board of Everist Health, Inc., a personalized medicine company that develops and commercializes unique medical technology. In addition to leading his various companies, he also serves as an independent director of MDU Resources Group, Inc., Bismarck, ND, a publicly traded energy and utility company, where he chairs the Compensation Committee. He is also a director of several non-public companies, including Showplace Wood Products and Bell, Inc. We believe Mr. Everist is qualified to serve on the Board because he is a well-respected professional and community leader within the Company’s home state of South Dakota and is able to provide local perspective on issues facing the Company. Additionally, Mr. Everist has a strong understanding of production and logistical operations and brings demonstrated success in business and leadership skills, serving as president and chairman of his companies. As result, he has an understanding of accounting principles, internal controls and audit committee functions and is considered an audit committee financial expert.

Kevin Kirby

Mr. Kevin T. Kirby is an Independent Director of Raven Industries Inc. Mr. Kirby has served as Chief Executive Officer and a director of Face It TOGETHER, a non-profit organization, since he co-founded it in 2008. Prior to that he was the Executive Vice President and Treasurer of Western Surety Company, a large regional insurance company, from 1979 to 1992. He was elected a director of the Company in 1989 and resigned his position in 2001. From 1993 to 2001, he chaired the Raven Audit Committee. He was asked to rejoin the Board in 2007. We believe Mr. Kirby is qualified to serve on the Board because he brings over 36 years of expertise in corporate finance and investment management, as well as an insurance background, and provides a valuable risk management perspective. In his position as Executive Vice President, he developed an understanding of accounting principles, internal controls and audit committee functions. As a result he is considered an audit committee financial expert.

Richard Parod

Mr. Richard W. Parod is Independent Director of the Company. Mr. Parod served as President, Chief Executive Officer, and Director of Lindsay Corporation (NYSE:LNN) from 2000 until his retirement in December 2017. During his tenure, he led the global expansion of the company by establishing an international footprint, executing strategic acquisitions, and leading the development of several new products and technologies. Prior to his role as CEO of Lindsay Corporation, he served in various leadership and management roles with The Toro Company (NYSE:TTC) and Pacific Scientific Company.

Bo Larsen

Basic Compensation