Brief: Universal Electronics Announces Corporate Restructuring To Drive Shareholder Value

Universal Electronics

06/02/2019 12:05

Feb 6 (Reuters) - Universal Electronics Inc  UEIC.O :
    * UNIVERSAL ELECTRONICS ANNOUNCES CORPORATE RESTRUCTURING TO
DRIVE
SHAREHOLDER VALUE
    * UNIVERSAL ELECTRONICS INC - EFFECTIVE FEBRUARY 1, 2019,
CHIEF
OPERATING OFFICER LOU HUGHES STEPPED DOWN TO EXPLORE OTHER
OPPORTUNITIES.
    * UNIVERSAL ELECTRONICS INC - RELOCATING TWO OF ITS REGIONAL
OFFICES
    * UNIVERSAL ELECTRONICS INC - RELOCATING ITS CORPORATE
HEADQUARTERS FROM SANTA ANA, CALIFORNIA TO SCOTTSDALE, ARIZONA
    * UNIVERSAL ELECTRONICS INC - UEI IS ACTIVELY UPGRADING ITS
MANUFACTURING FOOTPRINT OUTSIDE CHINA
    * UNIVERSAL ELECTRONICS - HUGHES WILL CONTINUE TO SERVE IN
PART-TIME CAPACITY AS ADVISOR TO CEO TO ENSURE A SMOOTH
TRANSITION OF HIS COO DUTIES.
    * UNIVERSAL ELECTRONICS - TO OFFSET IMPACT OF HIGHER US
TARIFFS
FOR PRODUCTS MADE IN CHINA, CO ACTIVELY MOVING PRODUCTION TO
UEM, IN MEXICO
    * UNIVERSAL ELECTRONICS - MOVING REGIONAL ENGINEERING
LEADERSHIP,
SUPPLY CHAIN AND CUSTOMER SUPPORT FUNCTIONS OUT OF HONG KONG
OFFICES TO UEI FACILITIES IN PANYU, SHUZOU
    * UNIVERSAL ELECTRONICS - ACTIVELY MOVING PRODUCTION TO UEM,
ITS
EXPANDED FACILITY IN MEXICO, AND TO NEW CONTRACT MANUFACTURING
PARTNER IN PHILIPPINES
    * UNIVERSAL ELECTRONICS INC - UEI ANTICIPATES COMPLETING
TRANSITIONS OUTSIDE CHINA TRANSITIONS IN FIRST HALF OF 2019
    * UNIVERSAL ELECTRONICS INC - JOSEPH MIKETO HAS RE-JOINED
COMPANY
AS SVP, MANUFACTURING AND OPERATIONS

Source text for Eikon:  ID:nBw4ZxVS1a 
Further company coverage:  UEIC.O 

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