PITTSBURGH - MSA Safety, Inc. (NYSE: NYSE:MSA), a global leader in safety products and solutions, today announced that John T. Ryan III, a long-serving Director and member of the founding family, will retire from the Board of Directors at the company's annual shareholders' meeting scheduled for May. Ryan's decision not to seek re-election marks the end of a tenure that started in 1981, capping a distinguished 55-year career with the company.
Ryan's association with MSA Safety is deeply rooted in the company's history. He is the grandson of John T. Ryan Sr., the co-founder of MSA, and the son of John T. Ryan Jr., who led the company as Chairman from 1963 to 1990. After serving in the U.S. Army and earning an M.B.A. from Harvard University, Ryan joined MSA in 1969, eventually becoming President in 1990, and then Chairman and CEO until his retirement from executive duties in 2008. Subsequently, he continued to contribute as Non-Executive Chairman until 2015 and remained a guiding presence on the Board thereafter.
Throughout his career, Ryan was known for his commitment to MSA’s mission of safeguarding workers and his management style characterized by integrity and a focus on all stakeholders. Nish Vartanian, MSA's current Chairman and CEO, praised Ryan's mentorship and leadership, which he said influenced many at MSA, including himself.
As Ryan prepares for his retirement, he reflects on his purpose-driven career dedicated to the success and continuity of MSA's mission to protect lives. He expressed confidence in the leadership of his successors and the future of the company under the incoming CEO, Steve Blanco.
Bob Bruggeworth, Lead Independent Director of MSA, acknowledged Ryan's substantial contributions to the Board and his business acumen. Ryan's insights into corporate governance have been invaluable, and his departure will be felt by the company.
In addition to his work with MSA, Ryan has been involved with various organizations, including the Allegheny Conference on Community Development, the International Safety Equipment Association, and the Council on Foreign Relations.
MSA Safety, with a history dating back to 1914 and revenues of $1.8 billion in 2023, is headquartered in Cranberry Township, Pennsylvania. The company employs over 5,000 associates worldwide and continues to innovate in the field of safety, living up to its mission of protecting people at work.
This announcement is based on a press release statement from MSA Safety.
InvestingPro Insights
As MSA Safety, Inc. (NYSE: MSA) experiences a significant transition on its Board of Directors with the retirement of John T. Ryan III, the company's financial health and market performance remain key areas of interest for investors. According to the latest data from InvestingPro, MSA Safety boasts a market capitalization of $7.06 billion, reflecting its solid standing in the industry. The company's commitment to innovation and safety is mirrored in its financial growth, with a reported revenue growth of 17% in the last twelve months as of Q1 2023.
Investors may find MSA's dedication to shareholder returns particularly appealing, as evidenced by the company's track record of raising its dividend for 10 consecutive years, an InvestingPro Tip that highlights MSA's financial stability and commitment to its shareholders. Furthermore, the company has maintained dividend payments for an impressive 52 consecutive years, underscoring its reliability and long-term approach to investor relations.
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