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Bearings manufacturer NN Inc. (NASDAQ: NNBR), Johnson City, Tennessee, has appointed Christina Carroll, Managing Director at Stout Risius Ross, LLC, and Tom Wilson, Managing Partner at DecisionPoint Advisors, as independent directors of the company. The new board appointments will fill the open seats vacated by Carey Smith and Janice Stipp and complete NN's board slate, which comprises eight directors, seven of whom are independent.
Robert Brunner, Non-Executive Chairman of the Board, said, "We are delighted to welcome Christina and Tom, both highly-qualified directors, to NN's board. Together, they enhance our board's expertise in transactions, finance, capital markets, and governance, which we believe will benefit NN as we complete our review of strategic alternatives and continue to execute on our strategic plan."
Warren Veltman, Interim President & Chief Executive Officer, commented, "I am pleased to welcome Christina and Tom to NN's board and look forward to working closely with them during this next phase of our strategic evolution. I look forward to benefiting from their experience as we continue to build on our efforts to enhance performance and improve free cash flow generation to accelerate our ability to de-lever while also making investments in areas that have the highest potential return."