Resideo Technologies, Inc., a global provider of home comfort and security solutions, announced the appointment of Cynthia Hostetler as a new member of its Board of Directors.
Hostetler has more than 20 years of leadership experience managing large investment funds, allocating capital for businesses - including restructuring and mergers and acquisitions transactions - and overseeing governance and regulatory compliance.
Former president and board member
Previously, Hostetler served as president and board member of First Manhattan Bancorporation, a regional bank holding company based in Kansas, where she led a three-year turnaround to rebuild the business, and ultimately, sold it in an all-cash transaction at a significant premium to the market.
After spending several years at First Manhattan, Hostetler was appointed to be the head of investment funds and private equity for the Overseas Private Investment Corporation (now the U.S. International Development Finance Corporation). Hostetler served in this role as a presidential appointee from 2001-2009.
On the boards of multiple corporations
An experienced board member, Hostetler currently serves on the boards of Invesco Funds, Vulcan Materials Company and TriLinc Global Impact Fund. Hostetler previously served on the boards of Genesee Wyoming Railroad, Aberdeen Investment Funds and Edgen Group.
“Ms. Hostetler brings unparalleled leadership experience in investment management and deep expertise in institutional investor issues and environmental, social and governance standards to the Resideo Board of Directors,” said Andy Teich, Lead Independent Director for Resideo. “She will help the board and Resideo leadership continue to drive consistent, profitable growth and create long-term shareholder value.”
