BROOKFIELD, Wis. - REV Group, Inc. (NYSE:REVG), a prominent player in the design and manufacture of specialty vehicles, announced the addition of Cynthia (Cindy) Augustine to its Board of Directors as an independent member. The appointment, effective immediately, was made public today.
Augustine's current role is the Global Chief Talent Officer at McCann Worldgroup, a component of the Interpublic Group. Her career spans across several notable organizations, including FCB Global and The New York Times Company, where she held leadership positions in human resources and talent management. Augustine's expertise extends to legal matters, having begun her career as a lawyer with a focus on employment law, labor relations, and employee benefits.
The Board Chair of REV Group, Jean Marie (John) Canan, expressed confidence in Augustine's qualifications, citing her extensive background in executive leadership and her knack for transformative change. Canan emphasized that Augustine's global experience and her skills in human capital management are expected to support REV Group's organizational and operational goals.
Holding a juris doctorate from Rutgers University School of Law and a bachelor's degree from Sarah Lawrence College, Augustine also contributes to the community through her position on the Board of Trustees for the Innocence Project. Her influence has been recognized in the corporate sphere, evidenced by her inclusion in Black Enterprise's list of Most Powerful Women in Business and Savoy Magazine's Top 100 Most Influential Black Leaders in Corporate America.
InvestingPro Insights
In light of the recent board appointment at REV Group, Inc. (NYSE:REVG), investors might be interested in how the company is positioned in the financial markets. According to InvestingPro data, REV Group boasts a healthy market capitalization of $1.37 billion, reflecting its significant presence in the specialty vehicle industry. The company's Price/Earnings (P/E) ratio stands at a modest 6.48, indicating potential value at its current earnings level. Additionally, the firm has demonstrated solid performance with a robust year-to-date price total return of 66.85%, showcasing investor confidence in its operational strategy and market position.
Two noteworthy InvestingPro Tips for REV Group are its strong shareholder yield and the fact that it holds more cash than debt on its balance sheet. These aspects highlight the company's commitment to returning value to shareholders and its stable financial foundation, respectively. Moreover, REV Group has shown impressive returns over the last year with a 193.51% price total return, which could be an indicator of the company's strong market performance and investor optimism surrounding its future prospects.
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