The new board member is the CEO of Kebotix, a startup company focused on commercializing artificial intelligence methods into new material commercialization.
The new SVP/CFO will utilize his experience and expertise to support the FHT owned portfolio of companies and the long-term growth objectives of the businesses.
The new director succeeds William M. “Bill” Brown, who decided not to seek re-election to the board in conjunction with his appointment as the new chief executive officer of 3M Corp.
The latest dividend represents an 8.5% increase over the prior quarterly dividend and marks the 55th consecutive year in which the company has increased its dividend.