Clearfield Announces CEO Succession Plan
Key Highlights
- ➤CEO Cheri Beranek to retire March 31, 2027, after successor appointment or retirement date
- ➤Clearfield (CLFD) Board begins internal and external search for next CEO
- ➤Fiscal 2026 fourth-quarter and full-year results expected in-line with prior guidance
- ➤Fiscal 2026 fourth-quarter and full-year results scheduled for November 10, 2026
Expert Statements
Catherine T. Kelly, Chair of the Board of Directors at Clearfield
“On behalf of the Board of Directors, I want to sincerely thank Cheri for her exceptional leadership and dedication to Clearfield”
Catherine T. Kelly, Chair of the Board of Directors at Clearfield
“Cheri has made an indelible mark on Clearfield over these last two decades, including serving as the key architect of the Company’s product and market expansion, driving profitable growth, and building capabilities to evolve Clearfield into the business it is today.”
Cheri Beranek, President and Chief Executive Officer of Clearfield
“It has been a privilege to serve as Clearfield’s President and Chief Executive Officer.”
Cheri Beranek, President and Chief Executive Officer of Clearfield
“From co-founding the company in 2008 to today, I am so very proud of the outstanding business we have built.”
Cheri Beranek, President and Chief Executive Officer of Clearfield
“I’d like to thank the entire Clearfield team for bringing their passion to work, tirelessly striving for operational excellence, and always delivering for our customers.”
Cheri Beranek, President and Chief Executive Officer of Clearfield
“With Clearfield well positioned for its next phase of growth, I believe now is the right time to activate the succession planning process and for me to move to an Emeritus position in order to assist in the transition to Clearfield’s next leader.”
MINNEAPOLIS, Oct. 20, 2026 (GLOBE NEWSWIRE) -- Clearfield, Inc. (NASDAQ: CLFD), a leader in fiber connectivity solutions for telecom, data center, and network infrastructure environments, today announced that Cheri Beranek will retire as the Company’s President and Chief Executive Officer, effective March 31, 2027. Ms. Beranek will serve in her existing role until the earlier of the appointment of her successor or her retirement date. Upon the appointment of her successor, Ms. Beranek will continue employment with the Company in a non-director role with the title of President and Chief Executive Officer Emeritus.
As part of its succession planning process, the Board of Directors will initiate a search for the Company’s next CEO and will consider external and internal candidates, in partnership with a nationally recognized search firm.
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