Business
Lakeland Industries Announces Board Leadership Changes In Line With Existing Board Succession Plan
HUNTSVILLE, AL / ACCESSWIRE / June 22, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of
About this update from Lakeland Industries, Inc.
[{"type":"text","content":"HUNTSVILLE, AL / ACCESSWIRE / June 22, 2022 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the \"Company\" or \"Lakeland\"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state and local levels, announced today that Christopher J. Ryan, Executive Chairman of the Board, intends to step down from his role as Executive Chairman in 2023. Ryan will remain an active member of the Board of Directors following the transition. Consistent with the Board's succession plan, current member of the Board, Jim Jenkins, will assume the role of Vice Chairman of the Board, effective immediately.Christopher J. Ryan, Lakeland Industries Executive Chairman of the Board, said, \"The Board is committed to implementing a successful and smooth succession plan and is very pleased to have appointed Jim as Vice Chairman of the Board. Jim has a proven track record of helping publicly traded companies succeed, and his appointment will help ensure continued success and good governance at the senior leadership level. We are confident that the Company and the Board are well prepared to lead the next chapter in Lakeland's growth story.\"Jim Jenkins, Lakeland Industries Vice Chairman of the Board, added, \"I am very excited to have the opportunity to succeed Chris and look forward to continue working with Lakeland's management team to grow the business in what is an exciting time for the Company. I am extremely proud to be a part of this Company and am certain that Lakeland is poised for growth in fiscal 2023 and beyond as the Company repositions itself in the post-pandemic era.\"Mr. Jenkins has served as a director since 2016 and is a member of the Audit, Compensation, and Nominating and Governance Committees. Mr. Jenkins is the General Counsel and Vice President of Corporate Development for Transcat, Inc. (TRNS), a provider of calibration, repair, inspection and laboratory services, where he serves as Transcat's chief risk officer and advises management and the board of directors over matters of corporate governance and securities law. He also leads Transcat's acquisition strategy. He joined Transcat in September 2020. Prior to joining Transcat, he was a partner at Harter Secrest & Emery LLP, a regional law firm located in New York State. His practice focused in the areas of corporate governance, a...