newsfilter
← Latest News
GlobeNewswire·

Innventure Strengthens Board with Appointment of John Hewitt and Nomination of Catriona Fallon

INV
  • Innventure Inc. (NASDAQ: INV) appointed John Hewitt to fill a Board vacancy created by Daniel Hennessy's resignation on April 29, 2026.
  • The Board nominated Catriona Fallon for election as an independent director at the 2026 Annual Meeting of Stockholders scheduled for June 17, 2026.
  • Bill Haskell, CEO, stated the appointments are deliberate actions to add independent voices as Innventure moves from formation to scale.
  • The selections followed engagement with shareholders including Ascent Capital Partners, which emphasized the need for rigorous financial oversight \& relevant operating experience.
  • John Hewitt brings over three decades of experience in industrial \& technology sectors, currently serving as CEO of Robertshaw Controls \& previously leading Vertiv's Americas operations.
  • Hewitt currently sits on the boards of IDEAL INDUSTRIES INC \& Accelsius, an Innventure operating company, providing internal platform knowledge.
  • Catriona Fallon has served as CFO for Hitachi Vantara, Silver Spring Networks, \& Marin Software, \& currently chairs the audit committees for Arlo Technologies \& Palomar Holdings.
  • If elected, Fallon is expected to serve on Innventure's Audit Committee to oversee financial reporting, internal controls, \& risk management.
  • Hewitt will serve as an independent Class I director with a term expiring at the 2028 Annual Meeting.
  • Fallon will serve as an independent Class II director for a three-year term expiring at the 2029 Annual Meeting if elected.
  • Daniel Hennessy resigned after helping guide Innventure through its transition to a public company \& identifying SPAC partners.
  • Hennessy expressed continued belief in Innventure's company creation model \& long-term potential despite stepping down.
  • The Board believes the new additions will enhance oversight of the multi-entity operating model \& support strategy execution in data center infrastructure \& cooling.
  • Innventure focuses on building billion-dollar valuation companies by commercializing breakthrough technology solutions \& bridging the gap between innovation \& commercialization.
  • The definitive proxy statement for the 2026 Annual Meeting was filed with the SEC on April 30, 2026.