Kimball International Announces Board Appt, Quarterly Dividend

Jasper-based Kimball International has announced another new appointment to its board of directors.

Patrick “Pat” Connolly’s appointment was announced during yesterday’s regular board meeting. Connolly’s selection comes after an extensive national search in partnership with Chicago-based firm Cook Associates Inc.

Connolly has more than 30 years of experience in executive management and sales leadership. He currently serves as Chief Operating Officer for Sodexo North America along with President of Sodexo Healthcare.

Those companies are based in Gaithersburg, Maryland. Sodexo North America has generated revenues of 9 billion dollars and delivers on-site services in several different sectors including corporate, education, and government.

In a news release, Kimball board chairman Douglas Habig says Connolly has played a big role in Sodexo’s transformation into a global markets focused business. He says that experience will help Kimball as the company looks to expand its market presence both domestically and internationally.

Company officials also say Connolly’s appointment will enhance the strategic skillset of the board in light of several retirements and the planned spin-off of the company’s Electronic Manufacturing Services (EMS) segment later this year.

The board also announced the company’s quarterly dividend yesterday. That is set at 5 cents per share for Class B common stock and 4 and a half cents per share for Class A common stock. That will be payable on October 15th to shareholders of record as of September 25th.