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Bel Fuse director Thomas Dooley resigns from board effective June 30

Published 03/07/2025, 22:20
Bel Fuse director Thomas Dooley resigns from board effective June 30
BELFA
-0.79%

Bel Fuse (NASDAQ:BELFA) Inc. (NASDAQ:BELFA, NASDAQ:BELFB), currently trading at $93.44 and showing strong momentum with a 10.5% return over the past week, announced that Thomas Dooley resigned from its board of directors, including all related committees, effective June 30, 2025. According to the company’s statement in a recent SEC filing, Dooley’s resignation was not due to any disagreement with Bel Fuse regarding its operations, policies, or practices.

During his tenure, Dooley worked with the management team and contributed to the company’s acquisition strategy and long-term strategic direction. The company expressed appreciation for his years of service and contributions to the board.

Bel Fuse, headquartered in West Orange, New Jersey, operates in the electronic coils, transformers, and inductors sector. The information is based on a press release statement included in the company’s SEC filing.

In other recent news, Bel Fuse Inc. has undergone several significant leadership changes following its Annual Meeting of Shareholders. Farouq Tuweiq, previously the Chief Financial Officer, has been appointed as the new President and Chief Executive Officer. Concurrently, Daniel Bernstein transitioned from his roles as President and CEO to become the non-executive Chairman of the Board. Lynn Hutkin has been named the new Chief Financial Officer, taking over Tuweiq’s previous responsibilities. Hutkin, who has been with Bel Fuse since 2007, will also serve as the Principal Financial (NASDAQ:PFG) Officer, Principal Accounting Officer, Treasurer, and Secretary. The Board of Directors expanded to ten members, with Tuweiq’s appointment to the Board becoming effective immediately. Shareholders ratified the appointment of Grant Thornton LLP as the company’s auditor for 2025 and approved the executive compensation for named executive officers. These changes reflect Bel Fuse’s strategic moves to align its leadership with future goals.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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