DUBLIN - Global technology company Aptiv PLC (NYSE: NYSE:APTV), known for its work in advancing mobility, announced the appointment of Vasumati P. Jakkal to its board of directors following the company's Annual General Meeting of Shareholders on April 24, 2024.
Vasu Jakkal brings over two decades of experience in the technology sector to Aptiv's board. Her expertise spans across critical areas such as cybersecurity, cloud computing, the Internet of Things (IoT), artificial intelligence (AI), and mobility.
This addition is seen as a strategic move for Aptiv as it continues to push the envelope in innovation and commercialization of new technologies in the mobility and connectivity arenas.
Kevin Clark, Aptiv's chairman and chief executive officer, expressed his pleasure at Jakkal's election to the board, citing her extensive background as a valuable asset for the company's growth in its key technology sectors.
Jakkal currently holds the role of Corporate Vice President of Security, Compliance, Identity & Privacy at Microsoft Corporation (NASDAQ:MSFT), a position she has been in since 2020. Her prior roles include serving as the Executive Vice President and Chief Marketing Officer at FireEye-Mandiant, a cybersecurity firm acquired by Google (NASDAQ:GOOGL), and as Vice President of Corporate Marketing & Strategy at Brocade Communications Systems (NASDAQ:PEGY), Inc., now part of Broadcom (NASDAQ:AVGO) Inc.
Her career began at Intel Corporation (NASDAQ:INTC) and included various roles from engineering to general management.
In addition to her corporate roles, Ms. Jakkal holds a bachelor's degree in electrical engineering from the College of Engineering, Pune, India, and a master's degree in electrical engineering from the University of Minnesota.
Aptiv is recognized for developing solutions that enhance the safety, environmental sustainability, and connectivity of mobility. The company's commitment to creating a more sustainable future of mobility is underscored by this latest board appointment. This news is based on a press release statement.
InvestingPro Insights
Aptiv PLC (NYSE: APTV) has made a strategic addition to its board of directors, which may further strengthen its position in the technology sector. The company, with a market capitalization of 19.45 billion USD, is trading at an earnings multiple of 6.82, reflecting a potentially undervalued stock according to the adjusted price-to-earnings (P/E) ratio of the last twelve months as of Q4 2023, which stands at 6.07. This metric suggests that the company's earnings are robust relative to its share price.
Despite recent downward revisions in earnings by analysts for the upcoming period, Aptiv remains a prominent player in the Automobile Components industry. The company's revenue growth over the last twelve months has been impressive at 14.65%, indicating a strong market presence and the potential for continued scalability. Still, it is worth noting that Aptiv suffers from weak gross profit margins, which, at 17.24% for the same period, could indicate challenges in maintaining profitability relative to revenue.
An InvestingPro Tip highlights that Aptiv's liquid assets exceed its short-term obligations, which suggests a healthy liquidity position. This financial stability is crucial for the company as it navigates the competitive landscape of mobility and connectivity solutions.
Moreover, Aptiv's stock price movements have been quite volatile, with a year-to-date price total return of -21.83% as of 2024. This volatility may present opportunities for investors looking for entry points into the stock, especially as it trades near its 52-week low.
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