Kimball Electronics, Inc. announced the Company celebrated the retirement of long-standing Chairman and CEO, Donald D. Charron, and welcomed incoming Chief Executive Officer, Richard D. Phillips, with a market closing bell ceremony at Nasdaq on February 22, 2023. As previously announced, Mr. Charron will be retiring from Kimball Electronics on February 28, 2023, and Mr.
Phillips, an accomplished executive and transformational leader across manufacturing, distribution, industrial,
consumer, and healthcare, will join Kimball Electronics on March 1, as Chief Executive Officer and a Director.
In addition, Lead Independent Director, Robert J. Phillippy, a member of the Kimball Electronics Board since
2018, will become the Company's non-executive Chairperson.