Methode Electronics, Inc. announced that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed interim CEO, effective immediately. Mr. Nystrom succeeds Avi Avula, who resigned from his position as President and Chief Executive Officer. Methode's Board of Directors, with the assistance of executive search firm Spencer Stuart, has initiated a search to identify a permanent CEO.

Mr. Nystrom has more than 25 years of experience in restructuring and financial management. He has held management roles and advised companies, boards of directors, investor groups, and lenders in a wide range of turnaround and reorganization situations. His operational experience covers numerous industries, including mining, manufacturing, distribution, financial services, professional services, transportation, telecommunications, and real estate.

Prior to joining AlixPartners, he was a managing director at Zolfo Cooper and executive vice president and chief financial officer (CFO) of National Mortgage Corporation and CFO of publicly held real estate investment trusts at Asset Investors Corporation and Commercial Assets, Inc. Mr. Nystrom has served in numerous interim management positions, including as chief executive officer (CEO) for iAero Holdings; CEO of Boomerang Tube; chief restructuring officer (CRO) of Blackhawk Mining; and chief operating officer (COO) of Hawaiian Telcom. Mr. Nystrom has a Bachelor of Arts in accounting from the University of South Dakota and is a member of the American Institute of CPAs.