On June 16, 2023, Kimball Electronics, Inc. (the “Company”) announced three new internal promotions, effective July 1, 2023. Steven T. Korn, age 59, has been appointed to the role of Chief Operating Officer. Mr. Korn has been President, Global Electronics Manufacturing Services Operations since July 2020, and he was previously Vice President, North American Operations since 2007.

Kathy R. Thomson, age 54, has been appointed to the role of Chief Commercial Officer. Ms. Thomson has been Vice President, Global Business Development and Design Services since August 2018, and she previously held the position of Vice President of Business Development for Creation Technologies since 2012. Adam M. Baumann, age 42, has been Corporate Controller, functioning as Principal Accounting Officer, since March 2021.

Mr. Baumann has been appointed to the role of Chief Accounting Officer and will continue to function as Principal Accounting Officer. Mr. Baumann joined the Company in April 2019 as Assistant Corporate Controller and was previously employed by Vectren Corporation from 2009 to 2019 and Ernst & Young, LLP from 2003 to 2009. Mr. Baumann’s previous roles with Vectren Corporation included Manager, External Reporting & Accounting Research and Manager, Regulatory Implementation & Analysis.