David M. Shaffer, President and Chief Executive Officer of EnerSys, stated, “We are deeply saddened by the violence in Ukraine and stand firmly with the Ukrainian people. As the situation continues to unfold, our top priority is the safety of our employees in Ukraine and in Russia. We are suspending our operations in Russia and will comply fully with all sanctions.”
The Company has 8 employees in Ukraine and 43 in Russia. It does not expect the suspension to have a material impact on financial results.
