LSI Industries Announces Chief Financial Officer Retirement, Initiates Finance Leadership Succession Plan
LSI Industries Inc. (Nasdaq: LYTS, “LSI” or the “Company”), a leading U.S. based manufacturer of commercial lighting and display solutions, today announced that James E. Galeese, Executive Vice President and Chief Financial Officer, will retire on August 31, 2027, after more than a decade of service to the Company. Mr. Galeese intends to support LSI on an advisory basis at the conclusion of his tenure as CFO.
Ahead of the planned retirement, LSI has initiated a formal search process for his successor. The search will be led by the LSI Executive Committee, in consultation with a global executive search firm, and will consider both internal and external candidates. LSI intends to name a successor to Mr. Galeese during the first half of calendar year 2027.
Since being named CFO in 2017, Mr. Galeese has served an instrumental role in its transformation from an emerging lighting and display solutions provider into a market-leading, integrated retail solutions platform with a multi-year record track record of compounded, profitable growth. During his tenure, Galeese helped lead the deployment of more than $500 million across four strategic acquisitions that served to expand LSI's addressable markets within high-value, complementary adjacencies, culminating in significant value creation for shareholders, consistent with the vision of President & CEO James A. Clark.
