CINCINNATI, July 28, 2015 (GLOBE NEWSWIRE) -- LSI Industries Inc. (NASDAQ:LYTS) today announced that plans are underway to build the senior management and leadership team at LSI Graphics, as David McCauley, President of the Division, transitions into retirement over the next few months.
The LSI Board of Directors and the entire LSI management team want to thank Dave for his considerable contribution to LSI Industries as he plans his retirement after eighteen years of service. Dave will continue to make himself available through the management transition period. Dave was one of the original founders of Grady McCauley in North Canton, OH which was acquired by LSI Industries in 1997 and subsequently became the headquarters for the LSI Graphics Division. The LSI Graphics Division at one point grew to over $100 million in sales with close to 450 employees and included Grady McCauley, LSI Retail Graphics, LSI Integrated Graphics, LSI Images and LSI Adapt. The LSI Graphics Division continues to be one of the largest graphics and image companies in the country thanks to Dave’s leadership.
Dave will transition into retirement over the coming 90 days as his replacement is identified and hired. He will also be available on a consulting basis for several months thereafter. Dennis Wells, CEO of LSI Industries, commented, "I want to personally thank Dave for his contribution to the Graphics Division over many years. Importantly, Dave was instrumental in helping me to understand the strengths at LSI's graphics operations when I joined the Company last fall. Dave will remain in his current role until we find a replacement, after which I am pleased that he has agreed to continue in a consulting role to provide for a seamless transition."
LSI's world-class graphics capability is a key element of strategic importance as LSI Industries enters into a new era of growth. "Lighting + Graphics = Image" is a fundamental core strategy of LSI Industries that differentiates it from its competitors in the marketplace. "Image through the use of lighting and graphics products enhanced by technology and integrated by one supplier is what national, regional and local customers are looking for," said Mr. Wells. He went on to say, "We are seeing a resurgence in customer demand for re-imaging, remodeling, and refresh programs at all levels. The 'Experience 66' program launched by Phillips 66 is a good example of how LSI Industries combines its lighting, graphics, and technology capabilities (http://www.csnews.com/product-categories/fuels/phillips-66-roll-out-new-images-two-its-brands?cc=3). The LSI Graphics Division recently made a significant investment in equipment at its Houston facility to meet an increase in demand for its image programs. The division has also put in place plans to increase the size of its sales force and incrementally invest in marketing and advertising. We believe we are poised to capture an increasing share of business in the markets we serve."
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About the Company
Leadership. Strength. Innovation. These are the key values upon which LSI Industries Inc. was founded in 1976. Today LSI demonstrates these values in our dedication to advancing technology throughout all aspects of our business. From product solutions to production techniques, we are committed to American innovation through technology. The fundamental core strategy of LSI Industries is "Lighting + Graphics + Technology = Complete Image Solution."
We are a vertically integrated manufacturer which combines technology, design and manufacturing to produce efficient, high quality lighting and graphics products. We are dedicated to advancing solid-state LED technology to make affordable, high performance, energy efficient lighting and custom graphic products that provide value to our customers. We offer design support, engineering, installation and project management for custom lighting and graphics rollout programs.
Our major markets include commercial / industrial lighting, petroleum / convenience store and multi-site retail (including automobile dealerships, restaurants and national retail accounts).
For further information, contact Dennis Wells, Chief Executive Officer and President at (513) 793-3200.
Additional note: Today’s news release, along with past releases from LSI Industries, are available on the Company’s internet site at www.lsi-industries.com or by email or fax, by calling the Investor Relations Department at (513) 793-3200.