SCHAFFHAUSEN, Switzerland - TE Connectivity Ltd. (NYSE: NYSE:TEL), a company specializing in connectors and sensors, announced the election of Carol "John" Davidson as its new chairman of the board during the annual general meeting held on Tuesday. Davidson, who has been a board member since 2016 and the lead independent director since 2022, succeeds Tom Lynch. Lynch retired after a decade-long tenure as chairman starting in 2013.
Davidson brings over 30 years of leadership experience spanning various industries to the role, fortifying the company's governance as it continues to innovate in the connectivity and sensor markets.
TE Connectivity, which operates globally with a workforce of over 85,000 employees, emphasizes its commitment to creating a safer, sustainable, and more connected future across diverse sectors, including transportation, renewable energy, automated manufacturing, data centers, and medical technology.
In conjunction with the leadership transition, shareholders at the meeting also approved a quarterly dividend of $2.60 per share, to be paid in four equal installments of $0.65. The first of these payments is scheduled for June 7, 2024, with a record date of May 24, 2024. Subsequent payments will follow on a quarterly basis, with the last installment due on March 7, 2025.
TE Connectivity's strategic leadership changes and financial decisions are integral to its mission of ensuring that every connection counts, as it continues to deliver on its promise of technological advancement and market leadership.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.