Methode Electronics Inc. (MEI) said that Kevin Nystrom, a partner and managing director at AlixPartners LLP, has been appointed as interim chief executive officer, effective immediately.
Nystrom succeeds Avi Avula, who resigned from his position as President and Chief Executive Officer.
Methode's Board, with the assistance of executive search firm Spencer Stuart, has initiated a search to identify a permanent CEO.
Methode also announced the appointment of Mark Schwabero, current director and former Chairman, Chief Executive Officer and Director of Brunswick Corporation, as Vice Chairman of the Board, effective immediately.
The company's former President and Chief Executive Officer, Donald Duda, remains a strategic consultant to Methode through January 2025 and will continue to provide support during the transition period.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.