Sioux Falls, SD - Raven Industries, Inc. (the Company; NASDAQ:RAVN) announced today it is making key leadership changes as part of the Company’s continued strategy to drive greater growth and to further position the Company for long-term success.
Last year, the Company launched a bold expansion of its strategy by significantly increasing its investments in targeted areas, including Raven Autonomy™ and Raven Composites™.
The Company has been executing on this bold plan for nearly a year with much success, despite the backdrop of a pandemic crisis.
“I’ve never been more confident about our current and future position within our selected markets,” said Raven President & CEO Dan Rykhus.
“We have the right technology, the right resources, and the right talent.”
He went on to say, “We are reorganizing senior executives because our future is strong, and we believe we are at the start of a significant growth trajectory for our organization.
"By making these changes, we are placing ourselves in the best position to execute and capitalize on the opportunities before us.”
Raven announced the following changes to the executive leadership team:
The Company will begin its search for a new CFO immediately.
All leadership changes will be effective February 1, 2021, the start of the company’s fiscal year.
For more information, please contact Lisa McElrath at 1-605-336-2750 or lisa.mcelrath@ravenind.com