MEI Methode Electronics Inc.

Methode Electronics Appoints Brad Corrodi as Chief Strategy Officer

Methode Electronics Appoints Brad Corrodi as Chief Strategy Officer

CHICAGO, March 05, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, announced today that Brad Corrodi has been appointed as Chief Strategy Officer (CSO) effective March 10, 2025.

Mr. Corrodi joins Methode with more than 30 years of experience serving in strategic, investment, and operating roles. He will be based at the company’s headquarters in Chicago, Illinois.

“Brad’s blend of strategy and operational experience will be a key differentiator, as we continue to reshape Methode’s future,” said Jon DeGaynor, President and Chief Executive Officer. “With Brad’s extensive experience, he will bring a unique skill set to our organization that will first and foremost help us drive our organic growth opportunities and then, down the road, explore M&A activities. In addition to leading our strategy development, he will also especially focus on identifying and pursuing opportunities to expand our power solutions enterprise into new and growing markets. These actions, as well as all of our recent organizational changes, are foundational to our transformation efforts to return Methode to a prominent leadership position in our industry.”

Mr. Corrodi said, “I am thrilled to be joining Methode to support the needs of the organization and look forward to working with the team to serve our leading customers around the world.”

About Brad Corrodi

Brad Corrodi is a seasoned executive whose career has spanned over 30 years across strategy, advisory, and operating roles. He most recently was the founding Chief Technology Officer of Cathmere, a software platform applying multi-party cryptography to asset finance. He previously served as Vice President Fleet Products and Services at Stoneridge, as Strategy and Technology partner at the industrial innovation investor Logispring, and as a Principal in Booz Allen Hamilton’s strategy and technology group serving major commercial and government clients in the U.S., Europe, Middle East and Asia. Mr. Corrodi received his MBA from the Wharton School at the University of Pennsylvania and his BA in Electrical Engineering from Yale University.

About Methode Electronics, Inc.

Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with sales, engineering and manufacturing locations in North America, Europe, Middle East and Asia. We design, engineer, and produce mechatronic products for OEMs utilizing our broad range of technologies for user interface, lighting system, power distribution and sensor applications.

Our solutions are found in the end markets of transportation (including automotive, commercial vehicle, e-bike, aerospace, bus, and rail), cloud computing infrastructure, construction equipment, and consumer appliance. Our business is managed on a segment basis, with those segments being Automotive, Industrial, and Interface.

For Methode Electronics, Inc.

Robert K. Cherry

Vice President Investor Relations



708-457-4030



EN
05/03/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Methode Electronics Inc.

 PRESS RELEASE

Methode Electronics’ Board Approves Dividend

Methode Electronics’ Board Approves Dividend SOUTHFIELD, Mich., March 18, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.05 per share to be paid on May 1, 2026, to common stockholders of record at the close of business on April 17, 2026. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions wi...

 PRESS RELEASE

Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial ...

Methode Electronics, Inc. Reports Fiscal 2026 Third Quarter Financial Results Progress on transformation amid mixed market conditions Net sales of $233.7 million, down 2.6% year-over-yearNet loss of $15.9 million or 6.8% of net sales; adjusted EBITDA margin of 3.1%Narrowed FY26 sales guidance, lowered adjusted EBITDA guidance to $58 to $62 millionFinalized agreement for the sale of Harwood Heights, IL facilitySubsequent to quarter-end, closed on the sale of dataMate business, purchase price of $16 million SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, ...

 PRESS RELEASE

Methode Electronics Announces Sale of dataMate Business

Methode Electronics Announces Sale of dataMate Business SOUTHFIELD, Mich., March 05, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI) today announced the sale of its dataMate copper transceiver business to Bel Fuse Inc.® (NASDAQ: BELFA, BELFB), a leading global manufacturer of products that power, protect, and connect electronic circuits. The divestiture will enable Methode to sharpen the focus on key growth strategies, particularly in the area of power solutions, with a focus on data center business and power delivery and distribution products, anticipating the increasingly...

 PRESS RELEASE

Methode Electronics Announces Third Quarter Fiscal 2026 Results Confer...

Methode Electronics Announces Third Quarter Fiscal 2026 Results Conference Call SOUTHFIELD, Mich., Feb. 27, 2026 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, announced it will conduct a conference call and webcast on Friday, March 6, 2026, at 11:00 a.m. EST to review its third quarter fiscal 2026 results. President and Chief Executive Officer, Jon DeGaynor, and Chief Financial Officer, Laura Kowalchik will lead the call. The presentation will be webcas...

 PRESS RELEASE

Methode Electronics’ Board Approves Dividend

Methode Electronics’ Board Approves Dividend CHICAGO, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Methode Electronics, Inc. (NYSE: MEI), a leading global supplier of custom-engineered solutions for user interface, lighting, and power distribution applications, announced today that its board of directors has declared a quarterly dividend of $0.05 per share to be paid on January 30, 2026, to common stockholders of record at the close of business on January 16, 2026. About Methode Electronics, Inc.Methode Electronics, Inc. (NYSE: MEI) is a leading global supplier of custom-engineered solutions with s...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch