2023-07-17 03:12:49 ET
- Methode Electronics ( NYSE: MEI ) said Friday that Chief Operating Officer Joseph Khoury has been placed on leave since Monday and suspended from his duties.
- The decision comes a day after the company said it would wind down its Dabir Surfaces business to focus on growing its core business and executing future program launches.
- Multiple other officers of the company have assumed Mr. Khoury’s various management duties during his leave, and these officers will remain in their current positions while carrying out such additional responsibilities, the company said in a statement.
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Methode Electronics COO Khoury placed on leave