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Astronics Corporation Appoints Fay West to its Board of Directors

1. Fay West appointed to Astronics' Board of Directors effective February 2025. 2. Ms. West has over 20 years of financial leadership experience. 3. Her expertise in financial management will aid Astronics' growth strategy. 4. Board now has nine members; eight are independent directors. 5. Astronics aims to enhance innovation in aerospace and defense sectors.

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Why Bullish?

Fay West's extensive financial expertise suggests stronger corporate governance and strategic decisions. Companies with strong boards typically see improved long-term performance.

How important is it?

The appointment may enhance investor confidence and lead to better strategic outcomes. As financial leadership strengthens, it aligns with investor interests in stability and growth.

Why Long Term?

Board appointments can enhance strategic direction over time, influencing growth trends. Previous examples show improved stock performance post-appointment of experienced directors.

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TNCKWR
EAST AURORA, N.Y.--(BUSINESS WIRE)--Astronics Corporation (Nasdaq: ATRO), a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced the appointment of Fay West to its Board of Directors, effective February 6, 2025. Ms. West brings over two decades of financial leadership experience across various industries. Since April 2021, she has served as Senior Vice President and Chief Financial Officer at Tennant Company (NYSE: TNC), a global leader in designing, manufacturing, and marketing solutions that help create a cleaner, safer, and healthier world. Peter J. Gundermann, Chairman, President and CEO, commented, “We are thrilled to welcome Fay to our Board of Directors. Her deep expertise in financial management, strategic planning, and operational leadership will be invaluable as we continue driving growth and innovation in our industry.” Prior to her role at Tennant, Ms. West was Senior Vice President and Chief Financial Officer at SunCoke Energy, Inc., a raw material processing and handling company. She also held key leadership positions at United Continental Holdings, Inc., PepsiAmericas, Inc., and GATX Rail Company. In addition, Ms. West serves as an independent director at Quaker Houghton (NYSE: KWR), a global leader in industrial process fluids. She is a former certified public accountant and holds a bachelor's degree in accounting from DePaul University. With Ms. West’s appointment, Astronics’ Board is now comprised of nine members, eight of whom are independent. ABOUT ASTRONICS CORPORATION Astronics Corporation (Nasdaq: ATRO) serves the world’s aerospace, defense, and other mission critical industries with proven, innovative technology solutions. Astronics works side-by-side with customers, integrating its array of power, connectivity, lighting, structures, interiors, and test technologies to solve complex challenges. For over 50 years, Astronics has delivered creative, customer-focused solutions with exceptional responsiveness. Today, global airframe manufacturers, airlines, militaries, completion centers and Fortune 500 companies rely on the collaborative spirit and innovation of Astronics. The Company’s strategy is to increase its value by developing technologies and capabilities that provide innovative solutions to its targeted markets. For more information on Astronics and its solutions, visit Astronics.com.

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