The Board of Directors expressed enthusiasm about Ms. Skillern's appointment, highlighting her proven track record in leading multi-billion-dollar business units and her extensive background in communications and cloud infrastructure. Richard K. Sykes, Dycom's Independent Chairman of the Board, stated, "We are pleased to welcome Raejeanne to the Dycom Board of Directors. Her deep expertise in scaling innovation and driving large-scale business transformation will be a significant asset as Dycom continues to evolve alongside the needs of our customers and drive sustained value for our shareholders."
Ms. Skillern's compensation will align with that of other employee directors, and her term will expire concurrently with the terms of the other Board members at the Company's 2026 Annual Meeting of Shareholders, where she will stand for election. The Board has determined that she meets the independence requirements set forth by the New York Stock Exchange and the Company's Corporate Governance Guidelines.
In connection with her appointment, the Board has increased the number of board members from ten to eleven. This strategic move is seen as a positive step towards enhancing the governance and operational execution of the company, especially as it navigates the challenges and opportunities in the telecommunications infrastructure sector.
Overall, the appointment of Ms. Skillern is viewed positively, as it not only strengthens the Board's capabilities but also aligns with Dycom's strategic outlook for growth and innovation in a rapidly changing industry. Investors and stakeholders are likely to respond favorably to this leadership change, which is expected to contribute to the company's operational execution and strategic direction moving forward.
