Summary
Methode Electronics, Inc. designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers. Its products include integrated center consoles, hidden switches, ergonomic switches, transmission lead-frames, and LED-based lighting and sensors, which incorporate magneto-elastic sensing and other technologies that monitor the operation or status of a component or system. The Industrial segment manufactures lighting solutions; industrial safety radio remote controls; braided flexible cables; current-carrying laminated busbars and devices; custom power-product assemblies, such as PowerRail solution; high-current low-voltage flexible power cabling systems; and powder-coated busbars that are used in various markets and applications comprising aerospace, cloud computing, commercial vehicles, industrial, military, power conversion, and transportation. The Interface segment provides various copper-based transceivers and related accessories for the cloud computing hardware equipment and telecommunications broadband equipment markets; user interface solutions for the appliance, commercial food service, and point-of-sale equipment markets; and fluid-level sensors for the marine/recreational vehicle and sump pump markets. The Medical segment offers Dabir Surfaces, a surface support technology aimed at pressure injury prevention for use by patients who are immobilized or otherwise at risk for pressure injuries, including patients undergoing long-duration surgical procedures. Methode Electronics, Inc. was incorporated in 1946 and is headquartered in Chicago, Illinois.
History
Methode Electronics was founded in 1946 by Dr. Gustav B. Olander as a manufacturer of automotive parts for Detroit’s Big Three automakers. Originally called Olander Electric, the company's name changed shortly after 1948. The company has grown ever since, expanding its production of connectors and switches for the electronics market and eventually introducing its patented Power Rail® technology.
Mission
Methode is dedicated to the development, engineering, and manufacturing of superior customer products and solutions through the utilization of leading-edge technology. We strive to be an excellent corporate citizen by delivering superior returns to our employees, customers and shareholders
Vision
Our goal is to be one step ahead. We have the passion to push the limits of where we are and the direction to lead the way into the next phase of innovation, technology, and service. We are all responsible for aiding in the success of the company by taking ownership for decisions, being committed and accountable for our actions. We value every member of our diverse workforce and treat others with the highest level of equality, importance and respect. We are a cohesive team, all working together for our joint success and the success of our customers.
Key Team
Ms. Kristine Walczak (VP of Corp. Communications)
Ms. Andrea Jean Barry (Chief Admin. Officer)
Mr. Kevin Michael Martin (VP of North America)
Mr. Mark Shermetaro (VP of Corp. Devel.)
Mr. Amit N. Patel (Chief Accounting Officer)
Mr. Robert K. Cherry (VP of Investor Relations)
Kerry A. Vyverberg (Gen. Counsel)
Recognition and Awards
Methode Electronics has been awarded a number of awards in recent years, including the Automotive News PACE award, the AAPEX Award for Technical Innovation, the DaimlerChrysler Safety Achievement Award, and the Ford Q1 Award for excellence in Quality.
References