Industrial Automation Magazine India

Belden announces appointment of Ashish Chand as President and CEO

Published on : Friday 24-02-2023

Brian Lieser, VP of Global Products of Industrial Automation Solutions, succeeds DR Chand as EVP of Industrial Automation Solutions.

St Louis, February 23, 2023 – Belden Inc., a leading global supplier of network infrastructure solutions, has announced that Ashish Chand, EVP of Industrial Automation Solutions and Managing Director of APAC, has been appointed President and Chief Executive Officer. In connection with his appointment, Dr Chand has been appointed to Beldens Board of Directors. The appointments are effective immediately.

Dr Chand succeeds Roel Vestjens, who has resigned from his position as President and Chief Executive Officer and as a member of Beldens Board of Directors for personal reasons. Mr. Vestjens resignation is unrelated to Beldens strategy, operations, financial reporting, or any other matter related to the performance of the Company.

With its deep bench of talent and compelling strategy, Belden is well positioned to continue to deliver strong results in our growing end markets, said David Aldrich, Beldens Board Chair. For over two decades, Ashish has played integral roles in creating and building the Industrial Automation Solutions business as well as developing our broader solutions-driven strategy. With his unrelenting focus on market innovation, operational excellence and customer satisfaction the Board is confident that Ashish is the right choice to further build on Beldens success.

I am excited to lead Belden as our solutions-driven portfolio aligns with key secular trends that position us to generate sustainable earnings growth, said Dr Chand. Following our portfolio transformation, Belden is more resilient and better positioned to serve our customers across the globe while generating long-term shareholder value. After our record performance in 2022, we remain confident in our ability to deliver $8.00 or more of adjusted EPS by 2025, said Dr Chand.

In another development, Belden announced that Brian Lieser, VP of Global Products of Industrial Automation Solutions, has been appointed EVP of Industrial Automation Solutions, effective immediately. Lieser succeeds Dr Ashish Chand, who was appointed as President and CEO of Belden.

Im excited and honored to be taking on this new opportunity and leading the Industrial Automation Solutions team at a critical moment in its growth, said Lieser. We are continuing to accelerate our innovation and expand our product portfolio to provide solutions that help our customers drive towards the next era of digitalisation. I look forward to leading our strong team of associates, focused on expanding our market share and enhancing the value we provide to our customers.