Applied Industrial Technologies (AIT) just unveiled an announcement.
Richard J. Simoncic, with a rich history at Microchip Technology Inc., has been elected to the Board of Directors of Applied Industrial Technologies, set to serve until October 2025. Bringing his extensive experience from various executive roles in Microchip, including his latest as COO, Simoncic will now receive the same compensation as his fellow non-employee directors at Applied. Meanwhile, Dan Komnenovich will be retiring from Applied’s Board in accordance with the company’s age policy, effective at the upcoming annual shareholders’ meeting.
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