Atkore International is a leading manufacturer and distributor of electrical raceway products and solutions. The company has been successful due to its strong leadership and governance, of which its board of directors plays a critical role.
The Board of Directors plays a critical role in guiding Atkore's strategy, overseeing its operations and ensuring its financial strength and stability. The board is responsible for setting the company's direction, creating policies and plans to achieve its goals and objectives, and ensuring compliance with legal and ethical standards. They are also responsible for selecting and appointing executive officers, monitoring their performance and evaluating the company's overall performance.
In addition to these responsibilities, the Board of Directors also plays a key role in risk management. They identify potential risks to the company and develop strategies to mitigate them. This includes assessing financial risks, such as market fluctuations and economic downturns, as well as non-financial risks, such as reputational damage and cybersecurity threats. By actively managing risks, the Board of Directors helps to ensure the long-term success and sustainability of the company.
The history of the board dates back to the formation of Atkore in 2010 when it was a subsidiary of Tyco International. In 2016, Atkore became a privately held company, and in 2016 the board was created with four directors. The current board has nine directors, all of whom bring a wealth of experience and expertise to the company.
Since its formation, the board has played a crucial role in shaping Atkore's strategic direction and ensuring that the company operates in a responsible and sustainable manner. The board meets regularly to review the company's performance, assess risks, and make important decisions that impact the future of the business.In recent years, the board has focused on enhancing Atkore's corporate governance practices and strengthening its relationships with stakeholders. This has included initiatives to improve transparency, increase diversity and inclusion, and promote ethical behavior throughout the organization. As a result of these efforts, Atkore has been recognized as a leader in corporate responsibility and sustainability, and the board has been instrumental in driving this progress.
The board is composed of nine directors, seven of whom are independent directors. The independent directors are chosen for their knowledge, experience and skills, and they provide unbiased and informed judgement on behalf of the company's shareholders. Atkore's CEO and the chairman of the board serve as the two non-independent directors. The board operates through various committees, including the audit, compensation, governance and nominating, and risk committees.
In addition, Atkore's board of directors is committed to diversity and inclusion. The company believes that a diverse board leads to better decision-making and improved performance. As such, the board actively seeks out candidates from diverse backgrounds and experiences to ensure a well-rounded and inclusive perspective. Atkore also regularly reviews its board composition to ensure that it reflects the diversity of its employees, customers, and communities.
Atkore's board members are carefully selected to ensure they possess the skills, expertise, experience, and diverse backgrounds necessary to guide the company effectively. The board's nominating and governance committee oversees the selection process. This committee evaluates potential candidates and examines the composition of the board to ensure diversity and independence.
Additionally, the committee considers factors such as the candidate's reputation, integrity, and ability to work collaboratively with others. Once a candidate is identified, they undergo a thorough vetting process, which includes a review of their professional history, financial disclosures, and potential conflicts of interest. The final decision to appoint a new board member is made by the full board, based on the committee's recommendations and the needs of the company. Atkore is committed to maintaining a strong and effective board of directors to ensure the long-term success of the company.
Board members are sought after for their leadership, experience, and expertise in relevant fields such as finance, marketing, engineering, and legal, among others. They should also have experience serving on other boards, display sound judgement and have the ability to think strategically, and possess excellent communication and collaboration skills.
In addition to these qualifications, it is also important for board members to have a strong understanding of the organization's mission, values, and goals. They should be committed to advancing the organization's mission and be willing to dedicate the time and effort required to fulfill their responsibilities as board members.Furthermore, board members should have a strong ethical compass and be able to act in the best interests of the organization and its stakeholders. They should be able to navigate complex ethical dilemmas and make decisions that align with the organization's values and principles. Overall, joining the Board of Directors requires a combination of skills, experience, and values that are essential for effective leadership and governance.
The current board members of Atkore are David Johnson, John Williamson, Nelda J. Connors, Stephan Lohss, Kevin McDearis, Bill Waltz, Patricia L. Kampling, John P. Lutter, and William T. VanArsdale. Their vast experience and expertise cover areas such as finance, manufacturing, engineering, logistics, and corporate governance.
In addition to their impressive backgrounds, Atkore's Board of Directors is committed to promoting diversity and inclusion within the company. They have implemented initiatives to increase representation of underrepresented groups in leadership positions and have established partnerships with organizations that support diversity and inclusion in the workplace. This dedication to creating a more inclusive and equitable company culture is a top priority for the board.
David Johnson has over 30 years of experience in manufacturing, industrial distribution, and supply chain management. John Williamson has over 30 years of experience in finance and operations with publicly traded companies. Nelda J. Connors has held CEO and executive-level positions in the automotive, energy, and aerospace industries. Stephan Lohss is a partner at and managing director of Bain Capital, with broad experience in industries including industrial, consumer, and healthcare. Kevin McDearis is chief technology officer at BJ's Wholesale Club, with over 20 years of experience in business, e-commerce, and IT. Bill Waltz has over 20 years of experience in the manufacturing industry, including experience in mergers and acquisitions. Patricia L. Kampling has 35 years of experience, including executive roles in manufacturing and energy sectors. John P. Lutter has over 40 years of experience in the construction products industry. William T. VanArsdale was a partner at Wilkinson Barker Knauer law firm, with expertise in the areas of corporate governance, mergers, and acquisitions.
Each board member brings a unique set of skills, experience, and expertise to Atkore, which are beneficial for guiding the company towards success. Their collaboration and expertise bring in a wealth of knowledge, communication, and diverse perspectives to the board. This diversity of mindset and skillset results in better, more strategic decisions.
Atkore's board of directors has several challenges to overcome, including managing global economic uncertainty, maintaining competitive market position, and responding to regulatory changes affecting the electrical products industry. Another challenge is staying in front of emerging technology advancements. These challenges require a strategic approach and careful stewardship that Atkore's board of directors is committed to providing.
In addition to these challenges, Atkore's board of directors also faces the task of ensuring the company's sustainability practices align with the growing demand for environmentally responsible products and operations. This includes reducing the company's carbon footprint, minimizing waste, and promoting sustainable sourcing and manufacturing practices. Atkore's board of directors recognizes the importance of sustainability and is actively working towards implementing sustainable practices throughout the company.
Atkore's board's vision is to improve its position as a leader in the electrical products industry by increasing operational efficiency, implementing innovative product solutions, and expanding on acquisition opportunities. The board remains committed to maintaining Atkore's culture of innovation, customer service, and success.
In addition to these goals, the board is also focused on sustainability and reducing the company's environmental impact. Atkore is exploring ways to incorporate more sustainable materials into its products and reduce waste in its manufacturing processes.Furthermore, the board is dedicated to investing in its employees and fostering a diverse and inclusive workplace. Atkore is committed to providing opportunities for professional development and promoting a culture of respect and equality for all employees. The board believes that a strong and engaged workforce is essential to achieving the company's long-term goals.
Atkore is committed to diversity and inclusion on the board. The board's nominating and governance committee works hard to ensure that all board members are selected based on merit and possess the skills and experience needed to drive the strategy forward. Atkore's leadership team values diversification and understands that it fosters better decision-making.
In addition to these efforts, Atkore also actively seeks out diverse candidates for board positions. The company partners with organizations that promote diversity in leadership, such as the Executive Leadership Council and the Women's Forum of New York, to identify potential candidates. Atkore also encourages its employees to recommend qualified individuals from diverse backgrounds for board positions.Furthermore, Atkore regularly assesses the diversity of its board and sets goals for improvement. The company tracks the gender, race, and ethnicity of its board members and compares it to industry benchmarks. If the board falls short in any area, Atkore takes steps to address the issue, such as expanding its search for diverse candidates or providing training to current board members on diversity and inclusion. By prioritizing diversity and inclusion on its board, Atkore is better equipped to make informed decisions that benefit all stakeholders.
Atkore's board of directors has a significant impact on its stakeholders, including employees, customers, suppliers, and investors. The board operates in a way that ensures good governance, strategic direction, effective risk management, and ethical decision-making. The company's stakeholders can have peace of mind knowing that Atkore is managed responsibly and with their best interests in mind.
Furthermore, the board plays a crucial role in shaping Atkore's corporate culture. By setting the tone at the top, the board influences the behavior and values of the entire organization. This can have a ripple effect on how employees interact with each other, how they treat customers, and how they approach their work.In addition, the board is responsible for overseeing Atkore's sustainability efforts. This includes monitoring the company's environmental impact, ensuring compliance with regulations, and setting goals for reducing waste and emissions. By prioritizing sustainability, the board is not only fulfilling its duty to Atkore's stakeholders, but also contributing to a more sustainable future for all.
Atkore's board of directors has overseen several accomplishments. In 2019, the company reported net sales of $1.6 billion, and it has continued to make strategic acquisitions to enhance its product range and market position. The board has been actively involved in the company's strong corporate social responsibility plan, which focuses on social, environmental, and fiscal responsibility.
Additionally, Atkore's board has implemented a diversity and inclusion initiative, which has resulted in a more diverse workforce and a more inclusive company culture. This initiative has not only improved employee satisfaction and retention but has also positively impacted the company's bottom line. The board's commitment to diversity and inclusion has been recognized by industry organizations and has set an example for other companies to follow.
Some of the frequently asked questions about Atkore's board of directors include queries about how often the board meets, how board members are compensated, and how the board articulates strategy. Atkore's website and SEC filings provide more information about the company and board.
In conclusion, Atkore's board of directors is a group of leaders committed to the ongoing success of the company. With years of experience and expertise in various fields, each member brings a unique perspective that drives the strategic direction. The board ensures that Atkore operates with high standards of governance, ethics, and compliance, which has instilled collective confidence and trust among its stakeholders.
Join an Advisory Board
Companies are looking for executives just like you.
See what you qualify for with our 2-minute assessment