Daktronics CFO Sheila Anderson transitions to chief data, analytics officer

The Board has initiated a search for a new CFO and is seeking to recruit an experienced public company CFO who has served as an integral partner in business transformations aimed at driving returns on capital. Sheila Anderson, who has served as the company’s CFO since 2012, has been appointed to the newly created position of Chief Data and Analytics Officer to support and accelerate the Company’s digital transformation. Ms. Anderson will continue to serve in her role as CFO until her successor is identified. The Board notes that the Company has approximately $29 million remaining under its existing share repurchase authorization and, reflecting its confidence in the Company’s continued transformation, is evaluating opportunities to use and potentially augment that authorization over time. At this time, Daktronics (DAKT) expects to deliver fiscal 2025 second quarter revenue, gross profit and operating income approximately in line with the current analyst consensus.1 Daktronics expects to release its fiscal Q2 earnings and host a conference call in early December, at which time the Company will discuss results for the quarter and management’s expectations for the full fiscal year; details for this call will be announced separately.