Steel Connect, Inc. (NASDAQ: STCN) shares plummeted -23.91% in after-hours trade. Investors may want to consider this as a cautionary sign since there appears to be no company-related update that caused the share price to plummet today.
On October 23, 2020, the Company announced Renata Simril’s appointment to its Board of Directors.
Executive Chairman and Interim CEO of Steel Connect Warren Lichtenstein said, “Renata will be a great addition to the Company’s Board, and the Board looks forward to working with her. Her skills and previous experience greatly assist in driving value creation. We are positive she will supply valuable perspectives and ensure sound corporate governance as we continue to help grow profit and for good in value for all our stakeholders.
Ms. Simril serves as the President and CEO of the LA84 Foundation, a legacy of the 1984 Los Angeles Summer Olympic Games. As President and CEO of the LA84 Foundation, Simril oversees an endowment of $165 million invested in a diversified portfolio, provides strategic direction for the organization, and manages all the foundation’s operational aspects.Simril worked as Senior Vice President and Chief of Staff for the Los Angeles Times publisher before she was appointed President and CEO. She managed staff operations and financial planning for over 900 employees for newsroom and company operations.
Her former career involved three seasons with the Los Angeles Dodgers. She worked as Corporate Affairs Senior Vice President and oversaw the franchise’s community engagement and charitable foundation. Furthermore, she has worked with Jones Lang LaSalle, Forest City Development, and LCOR, Inc. in real estate development for over a decade, where she coordinated the purchase, entitlement, financing, and development of multi-million-dollar projects.
Ms. Simril has more than 25 years of diversified expertise in all fields of community growth policy, public finance, real estate finance and development, sports, and charitable work. She is an experienced and respected civic and private sector trailblazer.