Key Highlights

  • Appointment effective July 10, 2026, fills vacancy left by David Kornblatt’s resignation.
  • Heston’s term expires at Redwire’s 2027 annual shareholders meeting.
  • Retired EY partner in 2024, Heston joins Redwire board as an independent director under NYSE standards.

Redwire Corp (NYSE: RDW) disclosed that its board has welcomed Gregory L. Heston as a new director. The decision, recommended by the Nominating and Corporate Governance Committee, follows the earlier departure of David Kornblatt.

Heston will also assume a seat on the audit committee, aligning with Redwire’s focus on financial oversight.

Board Expansion Details

The board’s latest composition reflects a strategic move to strengthen governance. Heston, appointed as a Class III director, will occupy the seat vacated by Kornblatt. His service will continue through the company’s 2027 annual meeting, ensuring continuity in board representation.

Audit Committee Role

Joining the audit committee, Heston brings a depth of experience in audit supervision. His background includes leading audit engagements for publicly traded entities and advising on complex accounting matters. This expertise is expected to enhance Redwire’s internal controls and risk management framework.

No arrangements or understandings influenced his selection, and the company reported no undisclosed relationships that would trigger additional filing requirements.

Professional Background

Prior to retirement in 2024, Heston served as an audit partner at Ernst & Young for 38 years, including 24 years as a partner. He now holds a Professor of Practice role at Auburn University’s College of Business, teaching in the School of Accountancy. Heston also sits on the board of Geneva Benefits Group and previously contributed two terms to the Auburn University Foundation board.

Compensation Framework

Redwire will compensate Heston in line with its non‑employee director remuneration policy. The policy applies uniformly to all independent directors, reflecting the company's commitment to transparent and consistent governance practices.

Regulatory Context

The appointment aligns with requirements set forth by the Securities Exchange Act of 1934, underscoring Redwire’s adherence to regulatory standards. The board’s determination of independence and disclosure of any potential conflicts comply with Section 404(a) of Regulation S‑K.

This article is for informational purposes only and does not constitute financial advice. Please consult a licensed financial adviser before making investment decisions.