Anixter appoints Valarie L. Sheppard to board of directors

Anixter International Inc. (NYSE: AXE) announced the appointment of Valarie L. Sheppard to its board of directors.

Ms. Sheppard is senior vice president, comptroller and treasurer of Procter & Gamble (P&G), a leading manufacturer and marketer of packaged consumer goods, responsible for the company's treasury, global business development, corporate strategy and financial planning, corporate accounting and financial services organizations and finance support for corporate officers. She has held various financial leadership positions at P&G since 1986, including foreign assignments in Asia and Europe. Sheppard also serves as board chair of Cintrifuse, a start up incubator company in which P&G has invested, and board chair of the Cincinnati Branch of the Federal Reserve Bank of Cleveland. She graduated from Purdue University with a BS in accounting and an MS in industrial administration from Purdue’s Krannert School of Management, both in 1986.

“We look forward to the in-depth knowledge and new perspectives that Valarie will bring to Anixter as we move forward and grow our business,” said Sam Zell, chairman of Anixter’s board of directors. "Valarie’s outstanding record of finance and strategic leadership makes her an outstanding addition to our board. She will join the [board's] Audit, Compensation, and Nominating and Governance committees."

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