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    Littelfuse Inc (LFUS)

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    Littelfuse, Inc. is a diversified industrial technology manufacturing company founded in 1927. It is dedicated to empowering a sustainable, connected, and safer world by designing and delivering innovative, reliable solutions. Littelfuse operates across more than 20 countries and partners with over 100,000 end customers to provide products found in various industrial, transportation, and electronics end markets .

    1. Electronics Segment - Offers a broad range of products including fuses, resettable fuses, switches, interconnect solutions, suppressors, varistors, magnetic sensing, gas discharge tubes, and semiconductor products like TVS diodes, thyristors, MOSFETs, and IGBTs .
    2. Transportation Segment - Supplies circuit protection and sensing technologies to global automotive OEMs, Tier One suppliers, and the automotive aftermarket, with a focus on passenger and commercial vehicles .
    3. Industrial Segment - Designs and sells industrial fuses, controls, and sensors for applications such as renewable energy, industrial safety, and electric vehicle infrastructure .
    NamePositionStart DateShort Bio
    David W. HeinzmannPresident and Chief Executive Officer1985David W. Heinzmann began his career at Littelfuse in 1985 as a manufacturing engineer. He has held various positions, including Vice President, Global Operations, and Chief Operating Officer, before becoming CEO in January 2017 .
    Meenal A. SethnaExecutive Vice President and Chief Financial Officer2015Meenal A. Sethna joined Littelfuse in 2015 as Senior Vice President of Finance and became CFO in 2016. She previously worked at Illinois Tool Works Inc. as Vice President and Corporate Controller .
    Ryan K. StaffordExecutive Vice President, Mergers & Acquisitions, Chief Legal Officer2007Ryan K. Stafford joined Littelfuse in 2007 as General Counsel and Chief Human Resources Officer. He became Corporate Secretary in 2017 and assumed his current role in 2021 .
    Maggie ChuSenior Vice President and Chief Human Resources Officer2021Maggie Chu joined Littelfuse in June 2021. She previously worked at Caterpillar, Inc. and General Electric Company in various HR leadership roles .
    Matthew J. ColeSenior Vice President, eMobility and Corporate Strategy2015Matthew J. Cole joined Littelfuse in 2015 and has held roles such as Senior Vice President of Business Development and Corporate Strategy before assuming his current position in 2021 .
    Alexander ConradSenior Vice President and General Manager, Passenger Vehicle Business2005Alexander Conrad joined Littelfuse in 2005 and has held various roles, including Sales Director EMEA and Vice President of Passenger Car Products, before his current role in 2018 .
    Peter KimSenior Vice President and General Manager, Industrial Business2003Peter Kim joined Littelfuse in 2003 and has held roles such as Director, Global Procurement and Vice President, Global Sales before his current position in 2022 .
    Chad MarakSenior Vice President and General Manager, Semiconductor Products2007Chad Marak joined Littelfuse in 2007 and has held roles such as Director of Technical Marketing and Vice President of Product Management before his current position in 2022 .
    Deepak NayarSenior Vice President and General Manager, Electronics Business2005Deepak Nayar joined Littelfuse in 2005 and has held roles such as Vice President, Global Sales, Electronics Business Unit before his current role in 2022 .
    Kristina CernigliaAudit Committee Chairperson2018Kristina A. Cerniglia has been a director since 2018 and was appointed Audit Committee Chairperson on April 25, 2024 . She has extensive finance experience, including roles at Briggs & Stratton and Hillenbrand, Inc. .
    Gregory HendersonMember of the Compensation Committee2023Gregory N. Henderson has been a director since May 2023 and serves on the Compensation Committee. He is also a Senior Vice President at Analog Devices, Inc. .
    1. Given the ongoing weakening of global passenger vehicle production and slowing EV production growth, how do you plan to offset these challenges and drive growth in your transportation segment going forward?

    2. With cautious customer ordering patterns and challenging end market conditions, particularly in Europe and China, persisting, what specific strategies are you implementing to stimulate demand and improve order visibility in your electronics segment?

    3. You mentioned that conversion from design-in to production is taking longer due to customer cautiousness; how is this impacting your revenue projections, and what measures are you taking to accelerate this conversion process?

    4. Despite the margin improvements this quarter aided by favorable currency impacts and mix, how sustainable are these margins, and what steps are you taking to mitigate potential headwinds from currency fluctuations going forward?

    5. Considering the significant softness in industrial end markets, especially in Europe and China, how are you adjusting your operations and cost structures to navigate this prolonged down cycle, and when do you anticipate a recovery in these markets?