EnerSys Announces Board Retirements and New Director Nominees


READING, PAEnerSys (NYSE: ENS) has announced significant changes to its Board of Directors. Arthur T. Katsaros and General Robert Magnus, USMC (Retired), will retire from the Board at the end of their terms, effective at the company’s 2024 Annual Meeting of Stockholders.

Paul J. Tufano will step into the role of Independent Non-Executive Chair of the Board, while Steven M. Fludder will become the Chair of the Compensation Committee.

Arthur T. Katsaros has served on the Board for 19 years, guiding EnerSys’s transformation from a traditional lead-acid battery company to a leader in industrial batteries and stored energy solutions. General Magnus, who has been on the Board for 16 years, has also played a crucial role in the company’s success and governance.

Additionally, Hwan-Yoon F. Chung, a Board member for 18 years, will not seek re-election in order to focus on other commitments. The company acknowledges his dedicated service and many contributions.

EnerSys follows Corporate Governance Guidelines that require directors to step down at age 75. In anticipation of the retirements, the Board conducted an extensive search for new candidates.

The Board will nominate two new candidates, Dave Habiger and Lauren Knausenberger, as Class II Director Nominees for election at the 2024 Annual Meeting. Habiger is the CEO of JD Power, a data analytics and consumer intelligence provider. Knausenberger is Executive Vice President and Chief Innovation Officer at SAIC, specializing in engineering, digital, AI, and mission solutions.

“Mr. Habiger brings extensive experience in data analytics, cloud-based software, and security solutions,” said Arthur T. Katsaros. “Ms. Knausenberger is a recognized leader in technology, digital modernization, and cybersecurity. They both bring integrity, judgment, leadership skills, and business experience to EnerSys.”

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Comprehensive information about each nominee will be available in EnerSys’s 2024 Proxy Statement, expected later this month. If elected, these changes will take effect immediately following the 2024 Annual Meeting.

EnerSys continues to evolve its leadership to support its strategic goals, ensuring a robust governance structure and forward-looking vision.

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