Rogers Corporation board chair Wallace will not seek re-election

Rogers Corporation (ROG) announced that Peter Wallace, Chair of the Board of Directors, has informed the Board of his decision not to stand for re-election at the company’s 2026 Annual Meeting of Shareholders. In anticipation of this transition, the Board has elected Armand Lauzon, an existing member of the Board since 2023, to serve as the next Chair, effective immediately. Wallace will partner with Lauzon over the coming months to ensure a smooth transition. Wallace joined the Board in June 2010 and has served as Chair or Lead Director since 2019. “After 15 years of serving on the Board, I believe this is the right time for me to prioritize time with other boards and personal pursuits,” said Wallace. “Announcing my intent to not run for re-election now allows us to properly transition the Chair position. Rogers is well-positioned for an exciting future with a clear strategy, a strong management team, and a highly skilled Board.” In addition, Rogers will also appoint a new independent director to the Board with input from Starboard Value LP. A director search is underway.