Kimball International, Inc. announced that Director Geoffrey L. Stringer has decided to retire from the Board of Directors at the end of his current term, following 17 years of dedicated service. Mr. Stringer’s term expires at the company's 2020 annual meeting of shareholders on October 27, and he will not be seeking re-election.
Mr. Stringer has provided invaluable leadership and exceptional service to the company since joining the Board in 2003. Mr. Stringer currently serves as a member of the Compensation and Governance Committee, and previously served as Chair of the Audit Committee for several years.
Kimball International has appointed Scott M. Settersten as an independent member of its Board of Directors, effective July 1, 2020. Mr. Settersten will also serve on the Audit Committee and will stand for election at the company’s 2020 annual meeting of shareholders.
Mr. Settersten is CFO, Treasurer and Assistant Secretary for Ulta Beauty, Inc., the largest beauty retailer in the United States. Mr. Settersten brings over 30 years of financial and leadership experience with him to the Board. Before assuming the role of CFO at Ulta in 2013, Mr. Settersten held a wide range of senior positions in finance, accounting and investor relations at the company. Previously, Mr. Settersten served for 15 years in various leadership roles at PricewaterhouseCoopers, both in the US and Europe.
Kimball International consists of three furniture brands: Kimball, National, and Kimball Hospitality.