CHICAGO, IL--(Marketwired - Jul 21, 2016) - Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and
application specific products and solutions, announced John Hrudicka has been named its new chief financial officer and vice
president of corporate finance effective July 25. He succeeds Douglas A. Koman, who is retiring as the Company's CFO and vice
president of corporate finance. Mr. Koman has agreed to remain with Methode through mid-September, and subsequently as a
consultant, to support the transition of responsibilities to Mr. Hrudicka.
Mr. Hrudicka, 52, is an experienced senior finance and business professional. Most recently, he served as senior vice
president of North American Tire at Titan International, Inc. and as Titan's chief financial officer. Prior, Mr. Hrudicka served
at Elkay Manufacturing for seven years in various financial roles, including its chief financial officer. Preceding Elkay,
he worked at Baxter International for five years in various roles including operations and finance.
President and CEO Don Duda said, "We understand Doug's decision to retire after having served Methode successfully for 15
years and after having had a finance and accounting career that has spanned four decades. I thank Doug for his consistently
strong leadership of our financial, treasury and accounting operations and the many important contributions he has made to
Methode. He leaves behind a company that is strong both financially and operationally. On behalf of the Company, I thank Doug for
his contributions and wish him all the best in his future endeavors."
Doug Koman said, "I have enjoyed working with the talented and dedicated Methode team. I believe in the Company's strategic
direction, and I leave knowing it is on the right path, delivering on its strategy to provide increasing value for its customers
and shareholders."
Mr. Duda added, "I am delighted to welcome John to the Methode management team. John is an accomplished executive with a
proven track record in important financial leadership roles, bringing with him a wealth of operational and financial experience
which will be of great benefit to Methode. I look forward to partnering with him as we continue our strategic growth and improve
our operational excellence."
About Methode Electronics, Inc.
Methode Electronics, Inc. (NYSE: MEI) is a global developer of custom engineered and application specific products and solutions
with manufacturing, design and testing facilities in China, Egypt, Germany, India, Italy, Lebanon, Malta, Mexico, Singapore,
Switzerland, the United Kingdom and the United States. We design, manufacture and market devices employing electrical,
electronic, wireless, safety radio remote control, sensing and optical technologies to control and convey signals through
sensors, interconnections and controls. Our business is managed on a segment basis, with those segments being Automotive,
Interface, Power Products and Other. Our components are in the primary end markets of the automobile, computer, information
processing and networking equipment, voice and data communication systems, consumer electronics, appliances, aerospace vehicles
and industrial equipment industries. Further information can be found on Methode's Web site www.methode.com.