KUALA LUMPUR, Dec 8 (Bernama) -- Panduit has announced its Board of Directors appointed Shannon McDaniel as its next Chief Executive Officer (CEO) and President, effective Jan 1, 2022.
McDaniel, who currently serves as the company’s chief financial officer, will succeed current CEO and President Dennis Renaud, who will retire 2021-end.
“As a results-focused leader, Shannon brings his collaborative mindset to the role, drawing from his commercial and financial background, while leveraging the power of Panduit to move the company forward,” said Panduit Executive Chair Andrew Caveney.
“Shannon has also built the trust of our employees, and the Board is confident that he will apply his deep industry knowledge and keen business acumen to lead Panduit.”
In a statement, Caveney added that McDaniel was taking over the role of CEO at an ideal time.
The incoming CEO said he was thrilled for the opportunity to serve as Panduit’s CEO and lead the company into its next phase of growth.
McDaniel, who has served in a variety of leadership positions over his 30-year career, holds a Bachelor of Science in Accounting from Northern Illinois University in DeKalb, Ill.
Meanwhile, Renaud, following his planned retirement, will continue supporting the transition in an advisory capacity through the first quarter of 2022.
For more information, visit www.panduit.com.
-- BERNAMA
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