Sypris Solutions, Inc. Announces Retirement of Sidney R. Petersen from the Board of Directors, Effective October 19, 2021
September 15, 2021 at 06:16 pm IST
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On September 10, 2021, director Sidney R. Petersen provided notice of his retirement from the Board of Directors of Sypris Solutions, Inc., effective as of October 19, 2021 following the Board of Directors meeting. Mr. Petersen currently serves as a member of the Board of Directors’ Audit and Finance Committee. In his role as a director, Mr. Petersen has provided invaluable advice and guidance to the company during his tenure with the company through his extensive knowledge of financial matters, accounting and audit expertise and former public company experience.
Sypris Solutions, Inc. is a diversified manufacturing and engineering services company serving the defense, transportation, communications, and energy industries. The Company is a provider of truck components, oil and gas pipeline components and aerospace and defense electronics. Its segments include Sypris Technologies, Inc. (Sypris Technologies) and Sypris Electronics, LLC (Sypris Electronics). Sypris Technologies is a supplier of forged and machined components, serving the commercial vehicle, off highway vehicle, recreational vehicle, automotive, industrial and energy markets in North America. Sypris Technologies manufactures energy-related products, such as pressurized closures, insulated joints, and other specialty products, primarily for oil and gas pipelines. Sypris Electronics segment is engaged in circuit card and full box build manufacturing and design for manufacturability and design to specification, for customers in the aerospace and defense electronics markets.